HK-listed Shengjing Bank hits 14-month high as China Evergrande plans to boost stake

Shengjing Bank Co

21/06/2019 03:57

** Shares in Shengjing Bank Co Ltd  2066.HK  jump as much as
16.5% to their highest since April 3, 2018, as China Evergrande
Group plans to boost stake in the Liaoning-based regional lender
    ** Stock marks best session in nearly four years 
    ** Co says Evergrande Nan Chang, a wholly owned subsidiary
of China Evergrande Group  3333.HK , plans to subscribe for 2.2
bln domestic shares for a price of 6 yuan per share,
representing 25.01% of the enlarged issued share capital of the
bank  urn:newsml:reuters.com:*:nFWN23R0N5 
    ** Evergrande Nan Chang currently holds 1 bln shares, or an
approx 17.28% equity interest in the bank   
    ** Evergrande Group shares up 1.3% 


 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))