(Bloomberg) -- Shares of Citic Resources Holdings
Ltd., a unit of China's fourth-largest oil producer, rose after
Temasek Holdings Pte. increased its stake to become the Chinese
company's second-biggest investor.
The stock rose as much as 4.01 percent to HK$4.67 at 10:02
a.m in Hong Kong. Ellington Investments Pte. Ltd., a wholly
owned unit of Temasek, agreed to subscribe to 101 million new
shares at HK$4.46 each, Citic Resources said in an e-mailed
statement yesterday. Temasek will also buy 101 million existing
shares at the same price.
Read more at Bloomberg Emerging Markets News
Ltd., a unit of China's fourth-largest oil producer, rose after
Temasek Holdings Pte. increased its stake to become the Chinese
company's second-biggest investor.
The stock rose as much as 4.01 percent to HK$4.67 at 10:02
a.m in Hong Kong. Ellington Investments Pte. Ltd., a wholly
owned unit of Temasek, agreed to subscribe to 101 million new
shares at HK$4.46 each, Citic Resources said in an e-mailed
statement yesterday. Temasek will also buy 101 million existing
shares at the same price.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment