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908 - Zhuhai Holdings Investment News Story

HK$3 0.0  0.7%

Last Trade - 9:08am

Sector
Utilities
Size
Mid Cap
Market Cap £392.5m
Enterprise Value £708.1m
Revenue £1.09bn
Position in Universe 1472nd / 6099

BUZZ-HK-listed port group Zhuhai Holdings hits record high on privatisation offer

Mon 25th January, 2021 3:50am
** Shares of port facilities provider Zhuhai Holdings
Investment Group Ltd  0908.HK  surge as much as 32.4% to
HK$2.94, their highest since listing in May 1998
    ** Stock last up 31.5%, poised for the best session since
June 2009; fifth biggest percentage gainer among all listed
companies on the Hong Kong bourse 
    ** Co says major shareholder Longway Services Group Ltd
offers to take it private for HK$1.68 bln ($216.7 mln), as part
of a move to reform state-owned capital invested firms and
enhance management efficiency of state-owned assets  urn:newsml:reuters.com:*:nFWN2JX0PQ
    ** Longway offers HK$3.06 apiece for all outstanding shares
it doesn't already own, representing a 37.8% premium over the
closing price of HK$2.22 on Jan. 15 prior to a trading halt
    ** Zhuhai will apply for a withdrawal of listing after the
deal 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 3.4%
    ** The Hang Seng China enterprises index  .HSCE  rises 2%,
and the benchmark index  .HSI  climbs 1.9%
($1 = 7.7517 Hong Kong dollars)

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