Brief: CCT Land updates on disposal of co's shares and convertible bonds by substantial shareholder

GBA Holdings

16/12/2016 09:52

Dec 16 (Reuters) - CCT Land Holdings Ltd  0261.HK  
    * announcement Regarding Disposal Of Shares And Convertible 
Bonds Of The Company By The Substantial Shareholder  
    * informed by  substantial shareholder, CCT FORTIS, that on 
16 dec cct securities, unit of cct fortis, disposed of aggregate 
of 14bln shares 
    * cct securities also disposed  convertible bonds with 
aggregate principal amount of hk$495.7 million to certain 
investors 
    * convertible bonds with aggregate principal amount of 
hk$495.7 million which are convertible at existing conversion 
price of hk$0.01 per conversion share 
    * Board does not expect that disposal will have any material 
adverse effect on operations of group. 
 
Source text for Eikon:  ID:nHKSc8Jdkn  
Further company coverage:  0261.HK  
 
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