Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Allied Properties Offers to Take 6.85% of Tian An in Stock Swap

Sept. 15 (Bloomberg) -- Allied Properties (H.K.) Ltd. has offered to acquire 6.85 percent of Tian An China Investments Co. in a stock swap, according to a statement from the companies to the Hong Kong stock exchange.

Allied Properties will offer four shares for every Tian An share, or approximately 5.94 percent of its equity, for about 103.2 million Tian An shares, the statement said.

The offer price represents a 20.56 percent premium over Tian An’s average closing share price of HK$4.28 over the last five consecutive trading days, the statement said.

Tian An, Allied Properties and Allied Group Ltd. shares will resume trading today, the statement said.

Link to Statement:{NSN LRJC403PWT1C <GO>}

Link to Company News:{28 HK <Equity> CN <GO>} Link to Company News:{373 HK <Equity> CN <GO>} Link to Company News:{56 HK <Equity> CN <GO>}

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.