Premier
Li Keqiang mentioned in the government work report that the
Shenzhen-Hong Kong Stock Connect will be launched in due course.
Meanwhile, the chairman of China Securities Regulatory Commission (CSRS)
Xiao Gang expected the Stock Connect to be approved in the first half
of 2015. CSRC will hold a press conference announcing the details of
SZ-HK Stock Connect in Beijing on Sunday, Nanfang Daily reported,
quoting the response from Shenzhen Stock Exchange. An in-depth
explanation on the above work progress will be given by that time.
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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