Brief: China Strategic To Seek Shareholder Approval For Disposal Of Upto 133.6 Mln Evergrande Vehicle Shares

CSC Holdings

21/09/2021 14:34

Sept 21 (Reuters) - China Strategic Holdings Ltd  0235.HK :
    * PROPOSES TO SEEK APPROVAL TO ALLOW DIRECTORS TO DISPOSE OF
UP TO
133.6 MILLION EVERGRANDE VEHICLE SHARES AS AT DATE
    * WILL SEEK TO DISPOSE OF EVERGRANDE VEHICLE SHARES AT
HIGHEST
PRICE POSSIBLE
    * HAVING REGARD TO RECENT PRICE FLUCTUATIONS OF EVERGRANDE
VEHICLE
SHARES, BOARD DECIDED TO RESTRUCTURE ITS INVESTMENT PORTFOLIO
    * GROUP, THROUGH SELLER, BENEFICIALLY OWNS 1.37% EVERGRANDE
VEHICLE SHARES
    * MINIMUM SELLING PRICE OF DISPOSALS SHALL BE NO LESS THAN
HK$2.20
PER EVERGRANDE VEHICLE SHARE
    * THERE IS NO ASSURANCE THAT CO WILL DISPOSE OF EVERGRANDE
VEHICLE
SHARES AFTER OBTAINING DISPOSAL MANDATE

Source text for Eikon:  ID:nHKS6t3mP3 
Further company coverage:  0235.HK 

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