BofA Merrill Lynch, in its latest research report, maintained the Neutral rating for MTR CORPORATION (00066.HK) -0.100 (-0.315%)
Short selling $8.61M; Ratio 8.318%
with target price lifted 3% to $32. Despite the public concern over the
dealy in the Guangzhou-Shenzhen-HK Express Rail, the 1H results of MTR
has shown the core advantage in HK retail/station rental. (Quote is
delayed for at least 15 mins.Short Selling Data as at 2014-08-26 16:25.)
Hopewell Hold (00054) sells Hopewell Infr stake for $9.9B Hopewell Holdings (00054) has agreed to sell 2.055 billion shares of Hopewell Highway Infrastructure (00737) , representing 66.69% of the issued share capital of the company, to Shenzhen Investment International Capital Holdings Infrastructure Co. to HK$9.865 billion in cash, or HK$4.8 per share, which has a discount of 3.61% to the closing price of HK$4.98 per share on 29 December 2017. Upon completion of the deal, the purchaser and parties acting in concert with it will own a total of 66.69% stake in Hopewell Highway Infrastructure and the purchaser will be required to make an unconditional mandatory cash offer for all other issued shares of Hopewell Highway Infrastructure also at HK$4.8 per share. The total consideration of the offer will be HK$4.927 billion assuming full acceptance of the offer. The offeror intends to maintain Hopewell Highway Infrastructure's share listing following the close of...
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