How did Seazen's rental income perform with a drop of over 40% in contract sales for the first five months? What is the premium rate for Asia Cement (China) to receive a privatization offer from its controlling shareholders?
Important announcements for Hong Kong stocks yesterday and this morning: 1) Company News
1) Company News
$TRULY INT'L (00732.HK)$The unaudited comprehensive operating net income for the first five months of the year was approximately HKD 7.268 billion, a year-on-year increase of about 19.5%.
$SEAZEN (01030.HK)$The cumulative contracted sales for the first five months were RMB 19.754 billion, a year-on-year decrease of 44.67%; the cumulative rental income was RMB 4.798 billion, and the commercial operation income was RMB 5.143 billion.
$SUNAC (01918.HK)$The cumulative contracted sales for the first five months were RMB 24.72 billion, a year-on-year decrease of 45.21%.
$COUNTRY GARDEN (02007.HK)$Contracted sales in May were RMB 4.29 billion, a year-on-year decrease of 76%.
$TIMES CHINA (01233.HK)$The cumulative contracted sales for the first five months were RMB 3.586 billion, a year-on-year decrease of 57.12%.
$GREENTOWN CHINA (03900.HK)$Total contracted sales for the first five months were approximately RMB 98.8 billion, a year-on-year decrease of 9.02%.
$ALPHAMAB-B (09966.HK)$Reached cooperation with ArriVent on the research, development and commercialization of ADC products.
According to the cooperation agreement, CStone Pharmaceuticals has the right to receive one-time, non-refundable prepayments and potential milestone payments, including product registration, development and sales milestone payments, totaling up to US$616 million. In addition, CStone Pharmaceuticals also has the right to charge ArriVent licensing fees for the use of various ADC products.
$SINO BIOPHARM (01177.HK)$The positive phase I clinical data of FS222 "CD137/PD-L1" shows strong anti-tumor activity and controllable safety.
$GOLDSTREAM INV (01328.HK)$Intends to carry out strategic cooperation with SenseTime Group in AI+Finance, AI-based ecological enterprises, and other areas.
$YUEXIU PROPERTY (00123.HK)$Enter into a forex forward contract with Yuexiu Enterprises to purchase USD 350 million with CNY.
$CHINA VANKE (02202.HK)$The funds will be deposited into the designated account of the agent bank to fully pay the USD 600 million medium-term notes due on June 7.
2) Privatization and repurchase dynamics
$ASIA CEMENT CH (00743.HK)$The controlling shareholder proposes privatization and plans to exchange each planned share for cash of HKD 3.22, a discount of about 3.01% compared to the closing price on May 28, 2024.
According to the announcement, after the plan takes effect, the offeror will directly hold 100% of the company's shares, and the listing status of the shares on the Hong Kong Stock Exchange will be cancelled.
$TENCENT (00700.HK)$Repurchase 2.62 million shares for approximately HKD 1.002 billion, with a repurchase price of HKD 377.6-387.8 per share.
$JF WEALTH (09636.HK)$Repurchase 973,000 shares for HKD 11.9588 million, with a repurchase price of HKD 11.9-12.46 per share.
$HSBC HOLDINGS (00005.HK)$Repurchase 3.3544 million shares for HKD 231 million, with a repurchase price of HKD 68.7-69.4 per share.
Editor/tolk