HK-listed online loan services firm Yixin hits near 9-mth high on major shareholders' offer

Yixin

16/06/2020 03:49

** Shares of Chinese online automobile loan facilitation
services provider Yixin Group Ltd  2858.HK  rise as much as
11.1% to HK$2.11, their highest since Sept. 18
    ** Co. says its shareholders Tencent Mobility Ltd - a unit
of  Tencent Holdings  0700.HK , and Hammer Capital jointly offer
HK$1.9088 per share in cash for all outstanding Yixin shares
 urn:newsml:reuters.com:*:nFWN2DS0VB
    ** The offer price represents a 0.5% premium over the last
closing price of HK$1.90 each on Friday prior to a trading halt 
    ** Co. says the offerors intend to continue its existing
businesses and maintain its listing on the Hong Kong bourse 
    ** As of the last close, the stock had risen 9.8% this year
    ** Yixin has outperformed the Hang Seng Commerce & Industry
Index sector  .HSNC  by 44.0 percentage points in the past one
month
    ** The Hang Seng China enterprises index  .HSCE  climbs
2.1%, and the benchmark index  .HSI  rises 2.3%

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