Brief: Oceanwide Announces Matter Related To Offshore Unit

Quam Plus International Financial

03/02/2023 13:17

Feb 3 (Reuters) - Oceanwide Holdings Co Ltd  000046.SZ :
    * SAYS SHARE SALES OF CHINA TONGHAI INTERNATIONAL
FINANCIAL'S
 0952.HK  4.1 BILLION SHARES HELD BY CO'S OFFSHORE UNIT HAS BEEN
COMPLETED
    * SAYS IT EXPECTS THE TRANSACTION TO CAUSE A LOSS OF ABOUT
HK$3.24
BILLION  ($412.96 million) TO THE COMPANY
    * SAYS THE UNIT STILL OWNS 395.25 MILLION SHARES OF CHINA
TONGHAI
INTERNATIONAL FINANCIAL AFTER THE TRANSACTION

    Source text
  
Further company coverage:  000046.SZ 
($1 = 7.8458 Hong Kong dollars)
 (Reporting by Hong Kong newsroom)
 ((twinnie.siu@tr.com; 852-3462 7715;))