China Evergrande plans sale of US$1.4 billion Evergrande Vehicle shares
China Evergrande Group placed 260 million shares, or 2.66per cent of issued share capital, of China Evergrande New Energy Vehicle Group Ltd for ...
BusinessChina Evergrande Group placed 260 million shares, or 2.66per cent of issued share capital, of China Evergrande New Energy Vehicle Group Ltd for HKUS$10.6 billion (US$1.36 billion), the Chinese property developer said in a filing to the Hong Kong bourse on Thursday.
FILE PHOTO: An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip13 May 2021 08:50AMShare this contentBookmarkHONG KONG: China Evergrande Group placed 260 million shares, or 2.66per cent of issued share capital, of China Evergrande New Energy Vehicle Group Ltd for HKUS$10.6 billion (US$1.36 billion), the Chinese property developer said in a filing to the Hong Kong bourse on Thursday.
Placing of the shares serves to reduce the shareholding ratio of the top 20 shareholders of Evergrande Vehicle to below 90per cent, fulfilling the conditions for the new energy vehicles manufacturing unit to participate in the Hong Kong Stock Connect in the next step, the property developer said. headtopics.com
AdvertisementAdvertisementChina Evergrande, which currently holds 67.64per cent of Evergrande Vehicle, has agreed to sell the shares at HKUS$40.92 each, representing a 20per cent discount to Wednesday's close of HKUS$51.15 each with proceeds to be raised for general working capital.
Haitong International Securities, Huatai Financial Holdings, and CMB International Securities are the placing agents. Completion of the disposal shall take place on the fifth trading day after the date of the agreement on May 13, it said.(US$1=7.7665 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Stephen Coates) Read more: CNA »
UK woman installs locks on fridge and cupboards to prevent 10kg pet cat from stealing food
UNITED KINGDOM ― Pet owner Sara Matthews, 47, has resorted to extreme measures to help her obese cat Keith lose weight.
China foreign ministry says planned U.N. event on Xinjiang an insultBEIJING (Reuters) -China's foreign ministry spokeswoman Hua Chunying said on Monday the use of the United Nations as a platform for a virtual event on the repression of Uyghur Muslims and other minorities in Xinjiang was an insult to the institution. China has urged U.N. member states not to attend the virtual event, planned by Germany, the United States and Britain.
China: Search for leopard missing more than a weekThree leopards escaped from Hangzhou Safari Park more than a week ago. Two were recaptured over the weekend, but one remains at large.
Food bloggers now banned from livestreaming binge eating in China, fines for those who waste food
China April PPI +6.8per cent year-on-year, CPI +0.9per cent year-on-yearChina's factory gate prices rose 6.8per cent from a year earlier in April, official data showed on Tuesday, reaching the highest level since ...
Taiwan fights to attend WHO meeting, but China says no
China posts slowest population growth in decadesChina's population has grown at its slowest pace in decades, reaching 1.41 billion, census results showed on Tuesday, highlighting fears of a looming crisis over an ageing society.