-
Zhejiang Shibao parent's stake reduced on bonds conversion
Zhejiang Shibao (01057) said conversion has been made by the bond holders of the exchangeable bonds of its controlling shareholder 
Zhejiang Shibao Holding Group Co., Ltd. in order to exchange 3.56 million A shares of
Zhejiang Shibao for Rmb100 million at Rmb11.96 per A share, during the period from 31 July
to 15 September 2017.
  The aforementioned conversion results a decline in Shibao Holding's shareholding of the
total share capital of Zhejiang Shibao from 44.01% to 43.56%, representing a decline in
shareholding of the A share capital from 60.66% to 60.04%. Shibao Holding still remains as
the controlling shareholder of Zhejiang Shibao.

Comments

Post a Comment

Popular posts from this blog

-
CLSA lowers Beijing Ent Water (00371) to HK$6   CLSA cut its target price for Beijing Enterprises Water (BEW)(00371) by 8% to HK$6, and reiterated its "buy" rating.   The research house said BEW's share price has dropped 14% in the last two trading days. First, the 2017 earnings results are below expectations. Second, management is guiding for 20-25% net profit growth for 2018, versus 30% in the past few years. Management now has a cautious approach to water PPP (public-private partnership) projects, which is not  necessarily bad.   CLSA cut its 2018-19 earnings forecasts by 19%. At the current level, it believes many  of the negatives are already priced-in.
Read more
-
HSBC HOLDINGS Appoints Malaysia CEO as Asia-Pacific One-Belt-One-Road Biz Manager  HSBC HOLDINGS(00005.HK)    +1.150 (+1.574%)    Short selling $311.30M; Ratio 15.773%   announced that Malaysia CEO Mukhtar Hussain was appointed to the newly created position of head of Belt and Road initiative in Asia Pacific, effective from 1 July.
Read more
-
Image
WKK INTL (HOLD) (00532.HK)    +0.100 (+15.152%)      announced the results for its subsidiary, Taiwan Kong King, for the nine months ended September 2014. The unaudited combined after-tax net profit decreased 30.26% to $12.239 million, compared with the same period last year. Revenue amounted to $177 million.
Read more