Key Developments: Hong Kong Exchanges and Clearing Ltd (0388.HK)

0388.HK on Hong Kong Stock

169.00HKD
28 Jul 2014
Price Change (% chg)

HK$5.60 (+3.43%)
Prev Close
HK$163.40
Open
HK$163.40
Day's High
HK$169.60
Day's Low
HK$163.30
Volume
14,038,622
Avg. Vol
4,875,645
52-wk High
HK$169.60
52-wk Low
HK$112.80

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Latest Key Developments (Source: Significant Developments)

Hong Kong Exchanges and Clearing Ltd Taps $800 million Equity Funding-Reuters
Thursday, 29 Nov 2012 05:29am EST 

Reuters reported that Hong Kong Exchanges and Clearing Ltd is raising about $800 million to fund its takeover of the London Metal Exchange, tapping equity markets minutes after receiving approval from Britain's Financial Services Authority for the acquisition.  Full Article

Hong Kong Exchanges and Clearing Ltd Does Not Recommend Dividend
Tuesday, 6 Nov 2012 11:11pm EST 

Hong Kong Exchanges and Clearing Ltd announced that no dividend will be proposed for the quarter ended September 30, 2012 (third quarter of 2011: $Nil).  Full Article

Hong Kong Exchanges and Clearing Ltd Announces Proposed Issue Of USD500,000,000 0.50% Convertible Bonds Due 2017
Monday, 24 Sep 2012 08:20pm EDT 

Hong Kong Exchanges and Clearing Ltd referred to the announcement by the Company on September 24, 2012 in relation to the proposed issue of convertible bonds in the principal amount of USD400,000,000 (approximately HKD,101,240,000) with a fixed rate coupon. Following a favourable bookbuilding process, the Board announced that it has proposed to increase the principal amount of the issue to USD500,000,000. The Company has entered into the Subscription Agreement with the Lead Managers, under which the Lead Managers have agreed severally to subscribe and pay for, or to procure subscribers to subscribe and pay for, the Convertible Bonds to be issued by the Company in an aggregate principal amount of USD500,000,000 (approximately HKD3,876,550,000), on the terms and subject to the conditions set out therein. The Company intends to use the net proceeds from the Subscription to (i) partly fund the Acquisition and (ii) reduce the amount of committed borrowings under the bank facilities entered into on 15 June 2012 in relation to the Acquisition. The Company is entitled at its option to redeem the Convertible Bonds at the Regulatory Redemption Amount, if the FSA disapproves of the Acquisition or on the six month anniversary of the Closing Date, the FSA has not approved or granted approval of the Acquisition.  Full Article

Hong Kong Exchanges and Clearing Ltd Announces Interim Dividend
Wednesday, 8 Aug 2012 12:09am EDT 

Hong Kong Exchanges and Clearing Ltd announced that the Board has declared an interim dividend of $1.85 per share (2011: $2.16 per share), amounting to a total of about $2,000 million (2011: $2,331 million) for the year ending December 31, 2012 which includes dividends of about $4 million (2011: $4 million) for shares held in trust under the Share Award Scheme. The interim dividend will be payable in cash with a scrip dividend alternative to Shareholders whose names appear on the ROM on August 24, 2012. The scrip dividend alternative is conditional upon the SFC’s granting the listing of, and permission to deal in, new shares in HKEx to be issued pursuant thereto. A circular containing details of the scrip dividend alternative together with an election form will be despatched to Shareholders on or about August 30, 2012. Definitive share certificates in respect of the scrip dividend and dividend warrants will be despatched to Shareholders on or about September 21, 2012.  Full Article

UPDATE 1-HKEx in cooperation talks with mainland China stock exchanges

HONG KONG, April 2 - Hong Kong Exchanges and Clearing Ltd said it is in talks on cooperation with mainland China stock exchanges, a deal that could allow investors to buy mainland-listed stocks via the Hong Kong exchange.

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