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Shanghai Haibo announces asset swap and private placement plan

Monday, 21 Jul 2014 08:00pm EDT

Shanghai Haibo Co Ltd:To divest seven companies stake and liabilities and issue about 317,691,773 shares at no less than 8.96 yuan per share, in exchange for 72.5455 pct stake in NGS Real Estate (target company A), from Bright Food (Group) Co., Ltd.To issue 34,495,655 shares to target company's other shareholders, in exchange for rest of stake in the target company A.To issue 209,615,962 shares to Shanghai-based asset management company, in exchange for 25 pct stake in target company's subsidiary, a real estate company (target company B).Says 100 pct stake of target company A valued at 7,746,199,000 yuan.Says 25 pct stake of target company B valued at 79,917,700 yuan.The asset and appraisal value at 2,773,000,500 yuan.To hold 100 pct stake in the target company A, after the transaction.To hold 100 pct stake in the target company B directly and indirectly, after the transaction.To issue 323,259,672 shares at 8.07 yuan per share through private placement, to raise up to 2,608,705,558 yuan for proposed construction projects.

R&I affirms rating on Seibu Holdings at "BBB" and rating outlook stable

Thursday, 10 Jul 2014 02:00am EDT

Seibu Holdings Inc:Rating and Investment Information, Inc. (R&I) has affirmed the rating on the company at "BBB".The rating outlook is stable.

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Provider: Edison Investment Research
$10.00
Provider: Zacks Investment Research Inc.
$10.00
Provider: Zacks Investment Research Inc.
$10.00
Provider: GlobalData
$125.00
Provider: Reuters Investment Profile
$20.00

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