UBS Selling China Cinda Shares to Raise About US$303 Million -- Term Sheet
13 April 2015 - 9:42PM
Dow Jones News
By Prudence Ho
HONG KONG--UBS AG is selling about US$303 million worth of
shares in China Cinda Asset Management Ltd. (1359.HK), according to
a term sheet seen by The Wall Street Journal.
UBS is selling the 490 million China Cinda shares in a range of
HK$4.72 to HK$4.87, representing a discount of 2%-5% to Monday's
closing price of HK$4.97, according to a term sheet.
UBS is the sole bank to handle the transaction.
-Write to Prudence Ho at prudence.ho@wsj.com
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