China Everbright rumored to sell 35% Hong Kong Construction shareholding

It was rumored in the market that China Everbright International (0257) planned
 to sell its 179 mln shares (circa 35.24%) of Hong Kong Construction (0190) to
 Shanghai Construction Group for HK$300 mln. Counted as HK$300 mln, the 
acquisition price was equivalent to HK$1.676 each, 16.4% discount to its
 current price of HK$1.44. Nevertheless, it was not known whether the buyers
 would make a wholly-acquisition, so the acquired shareholding might be lower

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