TAN CHONG INT'L (00693) Subsidiary Sells Total of 708,100 Subaru Shares
Stock News
Sep 19
TAN CHONG INT'L (00693) announced that during the relevant period, the company's indirect wholly-owned subsidiary Redcliffe Investments sold call options to Nomura Singapore for a total premium of 57.8 million yen (equivalent to approximately HK$3 million). Nomura Singapore may exercise the call options at its discretion on the respective expiry dates to purchase the relevant Subaru shares held by Redcliffe Investments. Additionally, through a series of transactions in the open market, the subsidiary sold a total of 708,100 Subaru shares for a total consideration of 2.196 billion yen (equivalent to approximately HK$116 million, excluding brokerage fees).
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