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23/09/2021 09:18

Chinese Est H (00127) sells shares of Evergrande (03333)

[ET Net News Agency, 23 September 2021] Chinese Estates Holdings Limited (00127) said
during the period from 30 August 2021 to 21 September 2021, the group disposed of an
aggregate of 108,909,000 disposal shares (representing approximately 0.82% of the issued
share capital of China Evergrande Group as at 31 August 2021) in the open market of the
Stock Exchange for an aggregate consideration of approximately HK$246.5 million (exclusive
of transaction costs). The average selling price per disposal share was approximately
HK$2.26 (exclusive of transaction costs).
The group continues to hold 751,091,000 Evergrande shares (representing approximately
5.66% of the issued share capital of China Evergrande Group as at 31 August 2021).
The board also announced that the company has sought the approval of the relevant
shareholders in lieu of a general meeting pursuant to Rule 14.44 of the Listing Rules for
the grant of the disposal mandate to the directors to dispose of, during the mandate
period, all or part of the mandate shares (751,091,000 Evergrande shares) held by the
group. (RC)

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