CIC to b spitze brautkleider uy 2.3% stake in Poly (Hong Kong)
spitze brautkleider surge arresters cheap evening dresses Surge arrester stanchions and crowd control queue management TPGS white flower girl dress sanitary check valves stainless steel ball valve Amusement ride magnetic buzzer Superannuation cartoning machines short wedding dresses cord knitting machine solar junction box skf bearing Outdoor playground manufacturer product design development elevator parts
CIC to buy 2.3% stake in Poly (Hong Kong)Published: 21 Sep 2009 01:18:29 PSTTop 5 News From ChinaKnowledge.comBYD aims to be China’s No. 1 auto makerHang Seng Index opens 48 points lower on MonJingneng Thermal Power to invest in Inner Mongolia wind power projectSouth Africa’s Telkom in tie-up talks with Hong Kong’s PCCWSinopharm raises HK$8.73 bln via HK IPOSep. 21, 2009 (China Knowledge) – China Investment Corp, the country’s US$200-billion sovereign wealth fund, has signed an agreement to buy a 2.3% stake in Poly (Hong Kong) Investments Ltd<0119>, an investment company directly controlled by state-owned China Poly Group Corp, as a long-term investment, sources reported.The Chinese sovereign wealth fund will subscribe 60 million new shares of Poly (Hong Kong) for HK$409 million or HK$6.81 apiece, a 13% discount to the developer’s last traded share price.Meanwhile, Poly (Hong Kong) will sell 403 million shares to its parent, China Poly Group, for HK$2.7 billion or HK$HK6.81 apiece, in exchange for six property projects in mainland China.After the two deals, China Poly Group’s shareholding in the Hong Kong-listed developer will have increased from 51.85% to 58.1%.In the first eight months of this year, Poly (Hong Kong)’s contracted sales reached RMB 5.5 billion. The developer’s net profit in the first half of this year surged 70.4% to HK$18.4 million.Copyright © 2009 http://www.chinaknowledge.comtera rmt lithium battery cabal rmt lithium polymer protein expression