Hutchison, Cheung Kong to Invest HK$186 Mln in Tem Fat Group

Hutchison Whampoa (0013) and Cheung Kong. (0001) agreed to pay HK$100 mln to buy a stake in Tem Fat Hing Fung (0661), said Raymond Chan Fat-chu, chairman of Tem Fat. The exact number of shares would not be determined until it resumed trading, he said.The two Li Ka-shing companies will also buy HK$86 mln bonds in Tem Fat's gold refiner associate RNA. (0501).,Although the coupon rate has yet to be fixed, the bonds will mature in 99 years.

Related stock : (13;1;501)