Summary
[Beijing Capital Land (2868.HK) resumed trading to open nearly 40% higher, and the major shareholder raised HK$2.8 per share to privatize]Beijing Capital Land (2868.HK) resumed trading and opened nearly 40% higher at HK$2.4, with a total market value of HK$10.5 billion. Beijing Capital Land announced that its 56.7% controlling shareholder Beijing Capital Group (the offeror) proposes to privatize the company through mergers and acquisitions. Among them, the H shares are priced at HK$2.8 in cash per share, a 62.79% premium over the pre-suspension, and the capital involved is approximately HK$4.287 billion. The cancellation price for each non-H foreign share and domestic share is 2.334080 yuan. After the effective conditions are fulfilled, the company will apply to revoke the listing status of H shares on the Stock Exchange. (Gelonghui)
Beijing Capital Land(2868.HK)Resumption of tradingOpened nearly 40% higher, reported 2.4 Hong Kong dollars, with a total market value of 10.5 billion Hong Kong dollars.Beijing Capital LandAnnounced that it holds 56.7% of the sharesshareholderBeijing Capital Group (the offeror) proposes to privatize the company through mergers and acquisitions. Among them, H shares are priced at HK$2.8 in cash per share, which is less thanSuspensionThe previous premium was 62.79%, involving approximately HK$4.287 billion. The cancellation price for each non-H foreign share and domestic share is 2.334080 yuan. After the effective conditions are fulfilled, the company will apply to revoke the listing status of H shares on the Stock Exchange.
(Source: Gelonghui)
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