BRIEF-Sun Hung Kai & Co Says Everbright Securities Financial to buy remaining Stake in Sun Hung Kai Financial

Reuters

17 Nov 2020

Nov 17 (Reuters) - Sun Hung Kai & Co Ltd :

* CO, EVERBRIGHT SECURITIES FINANCIAL HOLDINGS & SUN HUNG KAI FINANCIAL GROUP ENTERED REPURCHASE & SUBSCRIPTION AGREEMENT

* AGREEMENT TO EXERCISE PUT RIGHT TO REQUIRE ESFH TO BUY REMAINING 30% SHAREHOLDING IN SUN HUNG KAI FINANCIAL GROUP

* CONSIDERATION TO BUY 30% SHAREHOLDING IN SUN HUNG KAI FINANCIAL GROUP FOR HK$1.26 BILLION IN CASH

* ESFH TO BUY REMAINING 30% SHAREHOLDING IN SHKFGL FOR CONSIDERATION OF HK$1.16 BILLION IN SHKFGL PREFERENCE SHARES

* APPLICATIONS MADE FOR RESUMPTION OF TRADING IN SHARES OF AGL, SHARES AND DEBT SECURITIES OF SHK FROM 9 AM, NOV 18

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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