According
to the results of CCB (601939.SH/00939.HK), the bank recorded a net
profit of RMB190.685 billion in as at the end of 30 September 2014, up
7.81% from a year ago. The balance of non-performing loans totaled
RMB105.32 billion, and the NPL ratio was 1.13%, up 0.14% from the end of
last year. Industry insiders considered that with the issues of
overcapacity and economic restructuring, banks' asset quality has been
under pressure so far this year, and the whole sector's non-performing
loans are expected to keep rising at the end of the year.
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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