PRE-MARKET CHINESE STOCK NEWS: CK Hutchison considering further sales, CITIC looking to sell Alcoa stake
SourceNewsquawk
SectionAsian Equities
China
CK Hutchison (1 HK) – Co. is considering further sales of its telecoms assets following the USD 5.8bln disposal of VodafoneThree, in an attempt to exit an increasingly competitive sector. (Bloomberg)
CITIC Resources Holdings Ltd. (1205 HK) - Co. is seeking shareholder approval to sell its stake in Alcoa and may initially dispose of a 0.86% holding at a minimum price of USD 50 per share. (Dow Jones)
Midea Group (300 HK) – Co. has raised USD 2.2bln from the upsized sale of its dual-tranche convertible bonds with zero coupon, according to Bloomberg. (Bloomberg)
Other Chinese News:
- China has reportedly asked banks to pause new loans to US-sanctioned refiners, Bloomberg reports citing sources.