JP
Morgan mentioned in a report that the risks of Hong Kong property
market lie in the further slowdown of China's economy and the possible
increase of Hong Kong unemployment rate. The research house was bearish
towards retail rent-collecting stocks but continued to be positive
towards developers and office rent-collecting stocks. KERRY PPT
(00683.HK) +0.250 (+0.962%) Short selling $6.08M; Ratio 24.829% , WHEELOCK (00020.HK) +0.050 (+0.135%) Short selling $222.75K; Ratio 1.301% , Hongkong Land and HANG LUNG PPT (00101.HK) +0.050 (+0.213%) Short selling $4.90M; Ratio 3.257% were selected as Top Picks among local developers
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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