Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down15.880 -0.700 (-4.222%)

14/08/2020 09:51

Evergrande (03333) introduces investors to business

[ET Net News Agency, 14 August 2020] China Evergrande Group (03333) said its subsidiary
CEG Holdings (BVI) Limited has agreed to sell, and each purchaser has agreed to acquire,
all the sale shares of Mangrove 3, Ltd. (the target) at the aggregate consideration of
HK$23.5 billion. Upon completion, the target will be held as to 28.061% by the purchasers
and as to 71.939% by the group.
The strategic investment will introduce a number of renowned strategic investors to the
group's property management business, which will enhance the corporate profile and support
the growth and development of the property management business.
The target is principally engaged in the provision of (a) property management services
for residential and other properties (including commercial properties); (b) value-added
services to non-property owners; and (c) value-added services to property owners and
The purchasers include Image Frame Investment (HK) Limited (Tencent Holdings Limited is
its ultimate beneficial owner); and Well Smart Developments Limited (wholly owned by Chow
Tai Fook Nominee Limited and is ultimately controlled by the family of Dr Cheng Kar-Shun,
Henry), etc. (RC)

Remark: Real time quote last updated: 26/02/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.