ContiOcean Environment Tech (HKG:2613) has received formal listing approval from the Hong Kong bourse to convert and list 30 million domestic shares in the city, according to a Tuesday filing.
The shares are held by five investors and represent 75% of the maritime engineering group's total issued share capital.
China Literature's (HKG:0772) operating entity in China, Shanghai Hongwen Networking Technology, agreed to acquire 28.22% equity interest in game developer Wuhan YHKT Entertainment, according to a Tuesday Hong Kong bourse filing.Shares of the online literature platform were down nearly 3% in Wednesday afternoon trading.Following completion of the purchase from Linzhi Lichuang Information Technology for 400.8 million yuan, China Literature will own a 59.7% stake in the target firm.The acquisition is expected to boost China Literature's competitive advantages in building a leading IP industry value chain, the filing said.Linzhi Lichuang Information Technology is ultimately controlled by Tencent (HKG:0700), which is the controlling shareholder of China Literature.
Ximei Resources (HKG:9936) is looking to raise HK$549 million via a two-step stock offering, according to a Hong Kong bourse filing Tuesday.Wu Lijue, the company's founder and chairman, plans to sell 34.1 million shares of the company at HK$16.10 apiece to new investors.The shareholder then plans to subscribe to an equal number of shares from Ximei Resources on the same terms.The shares represent 8.97% of the company's issued share capital and 8.23% as enlarged by the offering.Funds raised will be used for developing the company's business and general working capital.
The Indian government has exercised a 3% oversubscription option for its share sale in hydropower company NHPC (NSE:NHPC, BOM:533098), according to a Tuesday filing to the Indian stock exchanges.The company's shares were up 4% in recent trade.With this, the government's total stake on offer was raised to 6% from the base issue of 3%, with a total offer size of 602.7 million equity shares.The sale was launched on June 2 with a floor price of 71 rupees per share. Retail investors and eligible employees will be able to participate in the OFS on June 3."A total of 6,02,70,210 Equity Shares i.e. 10% equity shares of the offer, would be reserved for retail investors, subject to receipt of valid bids," the statement said.