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HK Stock Announcement: Yankuang Energy plans to cooperate strategically with Highland Resources, which may become the largest shareholder of Highland Resources and acquire control.
Emperor Int'l (00163) plans to sell non-core investment properties in Hong Kong for 1.1547 billion Hong Kong dollars; APEX-BIO (02509) has signed a cooperation agreement with China-US East for the development and potential commercialization of QX005N.
Proposed repurchase of 15.9% of the shares, soaring 10.13% in trading, with Zhihu leading the way among Chinese concept stocks.
On July 19, Zhihu announced that Deutsche Bank's Hong Kong branch on behalf of the company proposed a conditional voluntary cash tender offer, planning to repurchase up to 46,921,448 shares of Class A ordinary shares at a price of HKD 9.11 per share, involving approximately 15.9% of the issued shares. After the announcement, the market quickly responded positively. On the opening day of the US stock market on the 19th, Zhihu led the rise of Chinese concept stocks against the trend, with a maximum intraday increase of up to 10.13%. The announcement stated that the repurchase aims to provide shareholders with liquidity opportunities, while enhancing trading activity and updating the shareholder structure. The repurchase includes American depositary share form, with a proposed repurchase price of approximately
Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday
U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday.Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat
Zhihu Inc. Announces Premium Share Buyback
Zhihu | 6-K: Report of foreign private issuer (related to financial reporting)
Zhihu-W (02390.HK) plans to make a tender offer at a premium of about 7.2%, intending to repurchase up to 46.92 million Class A common shares.
On July 19th, Gelunhui announced that Deutsche Bank will make a conditional voluntary cash offer on behalf of the company. After the conditions are met, it will repurchase the maximum number of Class A ordinary shares at a cash price of HKD 9.11 per share (equivalent to USD 3.50 per American Depositary Share). This includes up to 46.92 million Class A ordinary shares (including in the form of American Depositary Shares), accounting for approximately 15.9% of the total issued and outstanding shares as of the date of this announcement. The cash offer price of HKD 9.11 per share of Class A ordinary shares is higher than the closing price of Class A ordinary shares on July 19, 2024.
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