The latest Centa-City Leading Index (CCL) gained 0.05% weekly to 129.44 pts, marking nine-week high. Mass Centa-City Leading Index (CCL Mass) was 130.78 pts, up 0.24% from a week earlier, hitting 17-week high. Centa-City Leading Index (small/medium units) was 129.02 pts, representing a week on week increase of 0.14%, the highest over the past 17 weeks. Centa-City Leading Index (large units) was 131.73 pts, representing a week on week decrease of 0.45%. Wong Leung Sing, senior associate director at research department of Centaline Property, said that CCL Mass, Centa-City Leading Index (small/medium units) and CCL saw a four-week rise, with a cumulative gain of 1.22%, 1.11% and 0.83% over the past four weeks. Since CCL Mass and CCL (small/medium units) have already breached above the near-term high level over the past three weeks and continued higher, the home prices are likely to test the high level at 135 pts.
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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