• Most Popular
  • Most Shared

Shareholder sells stake in China's Kingsoft-term sheet

Thu Jul 9, 2009 4:45am EDT

Stocks

   

HONG KONG, July 9 (Reuters) - An unidentified shareholder of Chinese technology and software firm Kingsoft Corp Ltd (3888.HK) is selling 82.5 million shares of the company, a term sheet seen by Reuters showed.

The Kingsoft shareholder is selling its shares in the price range of HK$5.20-HK$5.50 per share, an 8 percent to 13 percent discount to the firm's closing share price on Thursday.

HSBC HSBL.A (0005.HK) is acting as the sole bookrunner for the sale, the term sheet shows. (Reporting by Alison Lui; Editing by Jacqueline Wong)



More from Reuters

Photo

U.S. pay czar Feinberg OKs compensation at some bailout firms

WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

» More Top News
A man dressed as talks on a telephone during his visit at the Benjamin Bloom National Children Hospital in San Salvador December 17, 2009.

Making the call on stocks

Looking for something special to put under your favorite investor's tree? These shares may provide the best upside surprise.  Full Article 

Healthcare reform
A customer orders food at the newly opened Island Salad restaurant in Harlem in New York December 16, 2009. REUTERS/Finbarr O'Reilly

Food fight in Harlem

In a neighborhood where hamburgers and tacos reign supreme, one entrepreneur is waging war on obesity -- one salad at a time.  Full Article 

Lifestyle