Original title: Warnings Whampoa Group html increased its holdings of Warnings Whampoa Real Estate within 37 months, involving HK$2.8 billion
html On March 17, Warnings Whampoa Group issued an announcement stating that through its wholly-owned subsidiary, the company purchased a total of 64.463 million shares of Warnings Whampoa Real Estate in Hong Kong from August 30, 2019 to March 16, 2020, in the Hong Kong public stock market, with a total consideration of approximately HK$2.827 billion in cash.Guandian Real Estate New Media learned that Hutchison Whampoa Group purchased a total of 64,463,000 shares of Hutchison Whampoa Real Estate shares, equivalent to the announcement date Hutchison Whampoa Real Estate all issued shares, with a transaction cost of Hutchison Whampoa Real Estate shares ranging from HK$33.21 to HK$46.74 (excluding brokerage commissions, transaction levies and transaction fees).
As for the reasons for the transaction, Warth Whampoa Group stated in the announcement that the stock market conditions in the past year provided the opportunity to purchase Warth Whampoa Real Estate shares to obtain recurring returns and long-term capital appreciation, and the board of directors is optimistic about the long-term growth potential of Hong Kong real estate investment.
also reported that on the same day, Defeng also disclosed the increase in holdings of Hutchison Real Estate in the past year. Through its subsidiaries, it purchased a total of 136 million shares of Hutchison Real Estate in the public stock market in Hong Kong from March 21, 2019 to March 16, 2020, with a total consideration of approximately HK$6.162 billion in cash.
As of March 16, Huidefeng Group held a total of 367.30% of the shares of Hutchison Whampoa Real Estate and 71.31% of the shares of Hutchison Whampoa Group Co., Ltd. (Source: Guandian Real Estate Network)
