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

US EUROPE AFRICA ASIA 中文
Business / Companies

Vanke surges once more as Evergrande increases stake

By JIANG XUEQING Updated: 2016-08-17 08:19

Vanke surges once more as Evergrande increases stake

An apartment building is reflected on glass at a sales center of a residential property project in Jinan city, East China's Shandong province, February 10, 2016. [Photo/IC]

New twist to changing ownership battle for property giant follows regulatory disclosure

Shenzhen-listed shares in China Vanke Co Ltd, the biggest property company by sales, rose by the daily limit on Tuesday for three days straight and closed at 27.57 yuan ($4.16), following a regulatory disclosure on a stake increase by China Evergrande Group.

Evergrande announced on Monday evening that from Aug 8 to Monday, it further acquired a total of 235,792,663 Vanke A shares, through its subsidiaries, for 5.46 billion yuan.

The shareholding increase came nearly two weeks after Evergrande bought 4.68 percent of Vanke for 9.1 billion yuan, citing the latter's "strong results" as a reason for the investment.

Together with that previous acquisition, Evergrande held a total of 752,663,291 Vanke A shares as of Monday, representing about 6.82 percent of the total shares of Vanke.

It means Evergrande has replaced Anbang Insurance Group Co Ltd as the third-biggest shareholder of Vanke, following financial firm Baoneng Group and State-owned China Resources (Holdings) Co Ltd.

Considering that Evergrande has spent 14.57 billion yuan on purchasing Vanke shares, the average cost is roughly 19.36 yuan per share, said Shanxi Securities Co Ltd in a research note on Tuesday.

After the latest share price rise, the floating profit of the investment is estimated at about 42 percent.

JPMorgan Chase & Co analysts wrote in a report earlier this month that Evergrande, which has a track record of hostile takeover attempts, hoped to exercise influence on Vanke amid a battle for control of China's largest homebuilder.

During the past several months, Vanke has been busy fending off a potential bid from its biggest investor Baoneng.

Evergrande's stake acquisition in Vanke triggered a 0.68 percent rise of its Hong Kong shares, which closed at HK$5.91 (76 cents) on Tuesday.

The move also boosted the share prices of the companies whose interest is closely tied to the group, including trading company Langfang Development Co Ltd, in which Evergrande increased its holdings to 15 percent in August, and China Calxon Group Co Ltd, in which Evergrande took a controlling stake.

According to the latest statistics from the CRIC Information Group, insurance companies have acquired interests in 54 A-share listed companies whose returns on equity are high.

Dai Pengju, an analyst of Sealand Securities Co Ltd, in a report earlier this month gave the reason for the trend.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 手机看片日韩高清国产欧美 | 国产一级做a爰片在线看 | 国产精品一二区 | 日本加勒比视频在线观看 | 亚洲国产爱久久全部精品 | 欧美成人日韩 | 欧美曰批人成在线观看 | 国产片毛片 | 欧美一区二区三区男人的天堂 | 美国一级毛片片aaa 美国一级毛片片aa成人 | 一本本久综合久久爱 | 美女一级免费毛片 | 毛片无码国产 | 成人影院免费观看 | 国产a级特黄的片子视频 | 国产伦精一区二区三区 | 亚洲欧美极品 | 男人把女人桶到喷白浆的视频 | 国产精品免费久久 | 精品国产免费第一区二区三区日韩 | 91免费公开视频 | 久久99精品久久久久久久不卡 | 日本一级毛片在线看 | 亚洲国产成人久久精品图片 | 国产精品欧美亚洲韩国日本不卡 | 久草在线免费看 | 亚洲成年人免费网站 | 男性吸女下身的视频 | 成人精品免费视频 | 亚洲精品一区二区在线播放 | 成在线人视频免费视频 | 国产欧美一区二区久久 | 欧美一级片在线免费观看 | 国产人成亚洲第一网站在线播放 | 久久中文字幕乱码免费 | 亚洲美女网址 | 久久91精品综合国产首页 | 手机看片国产 | 女人张开腿让男人 | 手机毛片在线 | 综合久久精品 |