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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| China Evergrande Group (CE) | USOTC:EGRNF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0102 | 0.00 | 00:00:00 |
From Nov 2019 to Nov 2024
Merrill Lynch & Co. is selling up to HK$1.38 billion worth of shares in Evergrande Real Estate Group Ltd. (3333.HK), according to a term sheet seen by Dow Jones Newswires on Tuesday.
Indopark Holdings Ltd. and Merrill Lynch Asia Real Estate Opportunity Fund, both controlled by Merrill Lynch, are selling 360 million shares in a price range of HK$3.75-HK$3.83 each, the term sheet said. Merrill Lynch held 7.11% of Evergrande Real Estate Group's shares before the sale.
The price range represents a discount of 3%-5% to the company's Tuesday closing price of HK$3.95, the term sheet said. Evergrande's shares closed down 2.5% Tuesday.
Bank of America Merrill Lynch is the sole placing agent, according to the term sheet.
-By Hong Kong Bureau, Dow Jones Newswires; 852-2802-7002; yvonne.lee@dowjones.com
1 Year China Evergrande (CE) Chart |
1 Month China Evergrande (CE) Chart |
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