Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: KGI Greater China
$58.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Jardine Strategic Holdings Ltd to acquire 20% stake in Zhongsheng Group Holdings Ltd


Monday, 20 Jan 2014 02:00am EST 

Jardine Strategic Holdings Ltd:Says has agreed to invest $731 mln in Zhongsheng Group Holdings Ltd through an equity stake and convertible bonds.Says Jardine Strategic is to purchase new shares in Zhongsheng equivalent to 12.5% of existing share capital for a consideration equivalent to $332 mln and subscribe for an equivalent of $399 mln of convertible bonds.Says the bonds are exercisable within three years, at Jardine Strategic's discretion, for a further 12.5% of the existing share capital of Zhongsheng.Says after fully exercising the convertible bonds, Jardine Strategic will have an interest of some 20% of the then issued share capital of Zhongsheng. 

Company Quote

8.67
-0.24 -2.69%
27 Aug 2014