Brief: Century City International Holdings Updates On Cosmo Shares Transfer

Cosmopolitan International Holdings

03/01/2020 01:42

Jan 3 (Reuters) - Regal Hotels International Holdings Ltd
 0078.HK :
    * JV OF PALIBURG AND REGAL TO SELL 220 MILLION COSMO SALE
SHARES
TO INTERNATIONAL MERCHANTS HOLDINGS
    * COSMO SALE SHARES REPRESENT ABOUT 4.98% OF COSMOPOLITAN,
AT
HK$1.70 PER SHARE
    * UNIT OF P&R AGREED TO ACQUIRE 5.7 MILLION AMTD SHARES AT
US$47.9
MILLION, REPRESENTING A PRICE OF US$8.45 PER SHARE
    * P&R TO SELL 50% STAKE IN DENSE GLOBE INVESTMENTS & ITS
SALE LOAN
FOR CONSIDERATION OF HK$270 MILLION
    * UNIT OF COSMOPOLITAN TO ACQUIRE  6.1 MILLION AMTD SHARES
AT
US$51.3 MILLION FROM AMTD GROUP CO UNDER AMTD II ACQUISITION
    * MADE  APPLICATIONS FOR RESUMPTION OF TRADING IN SHARES OF
EACH
OF CENTURY CITY, PALIBURG, REGAL, COSMOPOLITAN
    * MADE APPLICATIONS FOR RESUMPTION OF TRADING FROM 9:00 A.M.
ON 3
JANUARY 2020

Source text for Eikon:  ID:nHKS320jjB 
Further company coverage:  0078.HK 

 ((Reuters.Briefs@thomsonreuters.com;))