HK-listed CMGE at 8-month high on share sale; Bilibili buys stake
29/04/2021 04:30
** Shares of mobile game publisher and developer CMGE
Technology Group Ltd 0302.HK rise as much as 7.9% to HK$3.95,
the highest since Aug. 27, 2020
** Stock last up 3.8%, on course for fourth consecutive
session of gains; among the 30 most actively traded shares by
turnover
** Guangdong-based CMGE says it has agreed to sell 257.9 mln
new shares, or 9.32% of the enlarged share capital, to Bilibili
9626.HK BILI.O and two other subscribers, raising HK$851.1
mln ($109.7 mln) for operation urn:newsml:reuters.com:*:nFWN2ML1G2
** The new shares will be issued at HK$3.30 apiece, or a
9.84% discount to Wednesday's close of HK$3.660 each
** Bilibili will buy 198 mln shares or 7.15% of CMGE,
independent third party Wide Fortune will buy 56.4 mln shares,
while Hubei Century Network Technology Co Ltd 300494.SZ plans
to buy 3.5 mln shares
** The Hong Kong Hang Seng sub-index tracking information
technology firms .HSCIIT climbs 0.4%, while the Hang Seng Tech
Index .HSTECH slips 0.5%
** The Hang Seng China enterprises index .HSCE climbs
0.4%, and the benchmark index .HSI gains 0.6%
** As of the previous close, the stock had risen 32.6% this
year
($1 = 7.7623 Hong Kong dollars)
(Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)