www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Money

CCC to issue A shares to fund acquisition of CRBC International

By Fayen Wong and Donny Kwok (China Daily)
Updated: 2011-01-01 09:34
Large Medium Small

SHANGHAI/HONG KONG - China Communications Construction plans to issue up to 3.5 billion A shares in Shanghai, with part of the proceeds used to fund a 1.94 billion yuan ($293.9 million) takeover of an infrastructure company, CRBC International.

Shares of both companies advanced on the news.

China Communications already holds a 61.4 percent stake in CRBC, a builder of roads and bridges, which is valued at 4.88 billion yuan.

CRBC's stock surged 10 percent on its first day of trading since Aug 13th, when its shares were suspended due to restructuring plans.

Related readings:
CCC to issue A shares to fund acquisition of CRBC International China's largest lender completes dual rights issue
CCC to issue A shares to fund acquisition of CRBC International Bank of China announces details of rights issue 
CCC to issue A shares to fund acquisition of CRBC International CCB's rights issue plan nodded
CCC to issue A shares to fund acquisition of CRBC International ICBC to raise up to $6.6b in rights issue

"The merger will enlarge the net asset value of the Hong Kong-listed firm which is also seen as a positive for the group as a whole," said William Lo, analyst at Ample Capital.

Analysts said investors had been banking on China's infrastructure boom, with the government spending billions of dollars on the construction of expressways, expanding a network of roads and upgrading ports.

"China Communications' plan to issue A shares will also allow it to raise capital to fund its projects," said Conita Hung, head of equity research at Delta Asia Financial. "Our main concern is still costs, since their margins are generally very low and cement prices are rising quickly."

The agreed merger will be based on a cash-or-stocks offer. CRBC shareholders will be able to receive 12.31 yuan per share under the cash option or the equivalent of 14.53 yuan under the share alternative, China Communications said in a statement on Friday.

The cash offer represents a 2.93 percent premium to CRBC's last traded price on Aug 13, according to Reuters calculations.

Meanwhile China Communications said the stock offer represents a premium of about 23 percent over the average 20-day trading price of CRBC prior to its last day of trading.

Reuters

主站蜘蛛池模板: 久久99亚洲精品久久久久99 | 欧美一区二区三区免费 | 黄到让你下面湿的视频 | 亚洲精品一二三四区 | 国产伦理久久精品久久久久 | 国产特黄一级毛片特黄 | 免费观看a级毛片在线播放 免费观看a级网站 | 国产美女啪 | 日本久操| 狼人 成人 综合 亚洲 | 2022久久免费精品国产72精品 | 亚洲香蕉久久一区二区三区四区 | 99九九精品免费视频观看 | 久久黄色精品视频 | 九九九在线视频 | 精品国产亚一区二区三区 | 欧美国产日本精品一区二区三区 | 欧美亚洲中日韩中文字幕在线 | 日韩欧美国产一区二区三区 | 久久精品亚洲精品国产欧美 | 国产愉拍精品手机 | 久久午夜鲁丝片午夜精品 | 国产成人综合网在线观看 | 6080伦理久久精品亚洲 | 美女扒开双腿让男人桶 | 欧美ab片| 国产精品中文字幕在线观看 | 正在播放国产精品 | 亚洲一区精品在线 | 日本乱人伦在线观看免费 | 国产乱理片在线观看夜 | 免费a黄色| 国产精品成aⅴ人片在线观看 | 99视频有精品 | 女同日韩互慰互摸在线观看 | 欧美成人性毛片免费版 | 青青草国产免费久久久91 | 欧美成成人免费 | 高清一区二区在线观看 | 精品国产中文一级毛片在线看 | 欧美激情伦妇在线观看 |