Brief: Dalian Port PDA Says Liaoning SASAC And China Merchants Liaoning Entered Equity Transfer Deal

China Merchants Port Holdings

04/06/2019 01:45

June 4 (Reuters) - Dalian Port PDA Co Ltd  601880.SS :
    * LIAONING SASAC AND CHINA MERCHANTS LIAONING ENTERED INTO
EQUITY
TRANSFER AGREEMENT
    * LIAONING SASAC AGREED TO TRANSFER 1.1% EQUITY INTEREST IN
LIAONING PORT GROUP TO CHINA MERCHANTS LIAONING
    * FOLLOWING COMPLETION OF DEAL, LIAONING PORT GROUP WILL BE
OWNED
AS TO 51% BY CHINA MERCHANTS LIAONING
    * NIL CONSIDERATION IS PAYABLE BY CHINA MERCHANTS LIAONING
PURSUANT TO EQUITY TRANSFER
    * SUBJECT TO COMPLETION HAVING OCCURRED, BROADFORD WILL
IMPLEMENT
POSSIBLE H SHARE OFFER
    * POSSIBLE H SHARE OFFER VALUED AT ABOUT HK$4.49 BILLION
BASED ON
OFFER PRICE OF HK$1.0127 FOR EACH H SHARE
    * APPLICATION MADE FOR RESUMPTION OF TRADING IN H SHARES ON
STOCK
EXCHANGE WITH EFFECT FROM 9:00 A.M. ON 4 JUNE 2019
    * PURSUANT TO CAPITAL INCREASE DEAL, CHINA MERCHANTS
LIAONING
SHALL PAY IN AGGREGATE OF RMB24.24 BILLION TO LIAONING PORT
GROUP
    * THERE ARE 4.44 BILLION H SHARES SUBJECT TO POSSIBLE H
SHARE
OFFER REPRESENTING ABOUT 34.41% OF TOTAL ISSUED SHARE CAPITAL OF
CO
    * CHINA MERCHANTS LIAONING IS A UNIT BROADFORD
    * LIAONING PORT, CHINA MERCHANTS LIAONING, LIAONING SASAC,
DALIAN
SASAC, YINGKOU SASAC COMPLETED CAPITAL INCREASE DEAL IN NOV 2018

Source text for Eikon:  ID:nHKS9lMC1B 
Further company coverage:  601880.SS 

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