Soho China: Soars On Report Of Take: private talks

SOHO China

13/11/2020 05:45

** Shares of property developer  0410.HK  surge as much as
40.6% to HK$3.22, their highest since July 17
    ** Stock last up 31.9%, set for best day since March 10;
biggest pct gainer on HK bourse 
    ** Private equity firm Hillhouse Capital Group in talks to
take SOHO China private, sources tell Reuters
    ** Deal could be worth more than $2 bln and accentuate a
trend in Hong Kong  urn:newsml:reuters.com:*:nL8N2HX1N3
    ** HK-listed companies have announced take-private deals
worth $20 bln so far in 2020, more than double last year's
annual volume - Refinitiv data
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  falls 1.4%
    ** The Hang Seng China enterprises index  .HSCE  eases 0.7%,
and the benchmark index  .HSI  slides 0.4%
    ** As of last close, stock of the Beijing-based firm fell
22.1% this year    

 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))