Shenzhen
Component Index and Shanghai Composite Index advanced for seven
consecutive days. The SZCI peaked at 11,772 after midday, hitting a
fresh high in over three and a half years. It closed at 11,718, up
nearly 1.1%. The SHCI rose to 3,255 at most and finished at 3,246, up
nearly 0.8%. Turnover of the Shanghai and Shenzhen market declined to
RMB 263.3 billion and RMB249.3 billion respectively.
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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