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UBS UBS Group AG

27.23
0.41 (1.53%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
UBS Group AG NYSE:UBS NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.41 1.53% 27.23 27.24 26.975 27.13 2,124,016 01:00:00

UBS Selling China Cinda Shares to Raise About US$303 Million -- Term Sheet

13/04/2015 12:42pm

Dow Jones News


UBS (NYSE:UBS)
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   By Prudence Ho 
 

HONG KONG--UBS AG is selling about US$303 million worth of shares in China Cinda Asset Management Ltd. (1359.HK), according to a term sheet seen by The Wall Street Journal.

UBS is selling the 490 million China Cinda shares in a range of HK$4.72 to HK$4.87, representing a discount of 2%-5% to Monday's closing price of HK$4.97, according to a term sheet.

UBS is the sole bank to handle the transaction.

-Write to Prudence Ho at prudence.ho@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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