Brief: Huarong International Financial Asks Huaxin Hong Kong To Repurchase Preferred Shares

XinKong International Capital Holdings

21/06/2018 16:22

June 21 (Reuters) - Huarong International Financial Holdings
Ltd  0993.HK :
    * ASKS HUAXIN HONG KONG TO REPURCHASE PREFERRED SHARES AT
PUT
PRICE OF HK$1,085 PER SHARE FOR TOTAL OF HK$976.5 MILLION
    * TOTAL PUT PRICE OF HK$976.5 MILLION SHALL BE PAYABLE BY
HUAXIN
HONG KONG IN CASH BY WAY OF BANK TRANSFER
    * IF HUAXIN HONG KONG REPURCHASES, THEN CO SEES BOOK GAIN OF
ABOUT
HK$1.3 MILLION DUE TO EXERCISE OF EOD OPTION

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1qCj9Z
Further company coverage:  0993.HK 

 ((Reuters.Briefs@thomsonreuters.com;))