HK->Shanghai Connect daily quota used -3.6%, Shanghai->HK
daily
quota used 1.9% FTSE China A50 -1.7%
SHANGHAI, April 9 (Reuters) - China and Hong Kong stocks
fell on Friday, as robust inflation data raised worries over
policy tightening and foreign selling via the Stock Connect
pressured the A-share market. The CSI300 index fell 1.3% to 5,045.58 points
at the end of the morning session, while the Shanghai Composite
Index slipped 0.7% to 3,456.74 points. For the week, CSI300 dropped 2.2%, while the SSEC shed
0.8%. China s factory gate prices rose at their fastest annual
pace since July 2018 in March, official data showed on Friday,
as growth in the world s second-largest economy continued to
China, Hong Kong stocks fall as upbeat inflation data raises tightening worries
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
2021/02/10 10:15 HONG KONG
SAR - Media
OutReach - 10 February 2021 -
S.F. Holding Co., Ltd. ( S.F. Holding ; Stock Code 002352.SZ) and Kerry
Logistics Network Limited ( Kerry Logistics Network or the Company ; Stock Code 0636.HK) are pleased to announce the proposed
strategic investment and cooperation between the two companies. Subject
to satisfaction of certain pre-conditions, the Offeror, being an indirect wholly-owned
subsidiary of S.F. Holding, will make a Partial Offer to obtain 931,209,117 ordinary shares of Kerry
Logistics Network, representing approximately a 51.5% stake (on a fully-diluted
basis) of the
Company at a cash
offer price of HK$18.80 per share (the Partial Offer ). In conjunction with the Partial
Source: Media Outreach
HONG KONG SAR – Media OutReach – 10 February 2021 – S.F. Holding Co., Ltd. (‘S.F. Holding’; Stock Code 002352.SZ) and Kerry Logistics Network Limited (‘Kerry Logistics Network’ or ‘the Company’; Stock Code 0636.HK) are pleased to announce the proposed strategic investment and cooperation between the two companies.
Subject to satisfaction of certain pre-conditions, the Offeror, being an indirect wholly-owned subsidiary of S.F. Holding, will make a Partial Offer to obtain 931,209,117 ordinary shares of Kerry Logistics Network, representing approximately a 51.5% stake (on a fully-diluted basis) of the Company at a cash offer price of HK$18.80 per share (the ‘Partial Offer’). In conjunction with the Partial Offer, Kerry Logistics Network’s warehouse assets in Hong Kong will be disposed of to a wholly-owned subsidiary of Kerry Holdings Limited to unlock its shareholder value, and for the Company to operate under an asset-lighter model c
Exclusive: Alibaba-backed logistics firm Best weighs sale in strategic review - sources
01/20/2021 | 10:36am EDT
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HONG KONG (Reuters) - New York-listed Best Inc, a Chinese logistics firm backed by e-commerce giant Alibaba Group Holding Ltd, is considering a sale as part of a strategic review, six people with knowledge of the matter said.
With the endorsement of Alibaba, its biggest shareholder, Best has tapped financial advisers to explore options as its shares have been underperforming and are worth a fifth of its IPO price in 2018, two of the people involved in the discussions said.
Billionaire Jack Ma s Alibaba, which owns 33% of the firm, as well as Best founder and CEO Johnny Chou, who has a 11% stake on a fully diluted basis, could both end up selling their stakes, five of the people said.
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