Brief: Chinese Estates Says During The Year, Group Acquired 857.5 Mln Shares Of China Evergrande

Shengjing Bank Co

02/01/2018 12:56

Jan 2 (Reuters) - Chinese Estates Holdings Ltd  0127.HK : 
    * CHINESE ESTATES - HAD DISPOSED OF 577.2 MILLION H SHARES 
OF 
SHENGJING BANK , ACQUIRED 857.5 MILLION SHARES OF CHINA 
EVERGRANDE GROUP 
    * CHINESE ESTATES HOLDINGS - GROUP EXPECTS TO RECORD 
UNREALISED 
GAIN ON FAIR VALUE CHANGE OF ABOUT HK$9.9 BILLION FROM 
ACQUISITION OF EVERGRANDE SHARES 
    * CHINESE ESTATES - DURING THE YEAR, GROUP ACQUIRED 857.5 
MILLION 
SHARES OF CHINA EVERGRANDE FOR ABOUT HK$13.2 BILLION 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3M8MJC 
Further company coverage:  0127.HK  
 
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