KUANGCHI (00439.HK) -0.120 (-2.154%) issued a clarification announcement and stated that the MOU was entered into among the company, Airways Corporation of New Zealand Limited and Pengxin Mining International Company Limited (Pengxin) to cooperate and undertake test launch(es) of the near space flying apparatus in New Zealand instead of entered into among the company and Shanghai Pengxin Group Company Limited (SPGC). Therefore, the proposed cooperation under the MOU will also be performed by Pengxin instead of by SPGC.
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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