HK's WINDMILL soars to record high as parent plans sale of control

Beautiful Life group

29/06/2021 05:09

** Shares of fire safety systems supplier and installer
WINDMILL Group Ltd  1850.HK  soar 54.7% to HK$2.46, their
highest since listing in April 2017
    ** Stock last up 41.5%, the biggest percentage gainer on the
Hong Kong bourse
    ** Co says controlling shareholder Standard Dynamic
Enterprises Ltd entered into a memorandum of understanding to
sell 480.03 mln shares, or 60% of the issued share capital, to
two individual investors but no formal agreements have been
entered  urn:newsml:reuters.com:*:nFWN2OA0QC 
    ** Says the potential investors may require to make a
mandatory general offer for all the issued shares 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
falls 1.1%
    ** The Hong Kong composite Industry Index tracking property
and construction stocks  .HSCIPC  eases 0.2% and the benchmark
index  .HSI  slips 0.9%
    ** Stock had soared 448.3% this year, as of last close

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))