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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 |
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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