China Merchants Holdings Pacific

(04-10-2014, 11:46 AM)Jack31 Wrote: Hi jacmar, just curious If Liu qiang was selling why wasn't there any announcement of change of % of ssh? Many thanks for the EGM info.

Excellent question. Under the deal Liu Qiang was entitled to 119.37million shares. CMHP total shares is about 1033 million and increasing due to the CB conversion. However only 1/3 was issued to them only under the agreement and 1/3 lock up for 6 mths and last 1/3 for 12 mths. This means their 1st tranche is about 4% which is below the 5% threshold, hence no need to report transactions. when the next tranche comes along 6mths later, the 1st tranche is probably all sold.

(04-10-2014, 02:10 PM)Jacmar Wrote:

(04-10-2014, 11:46 AM)Jack31 Wrote: Hi jacmar, just curious If Liu qiang was selling why wasn't there any announcement of change of % of ssh? Many thanks for the EGM info.

Excellent question. Under the deal Liu Qiang was entitled to 119.37million shares. CMHP total shares is about 1033 million and increasing due to the CB conversion. However only 1/3 was issued to them only under the agreement and 1/3 lock up for 6 mths and last 1/3 for 12 mths. This means their 1st tranche is about 4% which is below the 5% threshold, hence no need to report transactions. when the next tranche comes along 6mths later, the 1st tranche is probably all sold.

Wow, gd learning point here.. Quite funny rules thou, I was thinking even if their shares are "lock up" for 1 year, shares are still technically theirs since they should be still receiving dividends for their 2/3 lock up shares.

(04-10-2014, 02:10 PM)Jacmar Wrote:

(04-10-2014, 11:46 AM)Jack31 Wrote: Hi jacmar, just curious If Liu qiang was selling why wasn't there any announcement of change of % of ssh? Many thanks for the EGM info.

Excellent question. Under the deal Liu Qiang was entitled to 119.37million shares. CMHP total shares is about 1033 million and increasing due to the CB conversion. However only 1/3 was issued to them only under the agreement and 1/3 lock up for 6 mths and last 1/3 for 12 mths. This means their 1st tranche is about 4% which is below the 5% threshold, hence no need to report transactions. when the next tranche comes along 6mths later, the 1st tranche is probably all sold.

I don't think this is true - http://infopub.sgx.com/FileOpen/_eFORM3V...eID=314626 - LQ received the full 11.79% stake post completion of the Juirui acquisition.

China aims to sooth transport bottlenecks by 2020

[BEIJING] China aims to ease transport bottlenecks which are affecting economic development by 2020 with a plan announced on Saturday to tackle issues such as excessive road tolls and poor connectivity and to ensure the smoother flow of goods.

Despite billions of dollars being invested in recent years on roads, railways and ports, China's rapid economic growth has meant that transport facilities still easily clog up, raising the cost of doing business.

Last year, logistics costs made up 18 per cent of gross domestic product (GDP), roughly double that of the developed world and higher even than Brazil or India, with a fractured industry made up of too many small players and lack of modern warehousing, the central government said in a statement on its website. "Infrastructure is comparatively backward and cannot satisfy the demands of the development of modern logistics," it said, outlining a plan running to 2020 to deal with the problem.

Previously announced steps such as trying to rein in excessive tolls and penalties have failed to be fully effective, affecting the movement of goods within the country, the government added.

http://www.businesstimes.com.sg/breaking...0-20141004

http://infopub.sgx.com/FileOpen/Cancella...eID=317620

CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED
(Incorporated in the Republic of Singapore)
Company Registration No. 198101278D
ANNOUNCEMENT
CONVERTIBLE BONDS DUE 2017 -
CANCELLATION OF BONDS DUE TO CONVERSION
The board of directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce that HK$7,000,000 in aggregate principal amount of HK$1,163,000,000 1.25 per cent. convertible bonds due 2017 (credit enhanced until 2015) (the “Convertible Bonds”) have been converted and cancelled pursuant to the exercise of conversion rights by the holder thereof (the “Conversion”). Accordingly, following such conversion and cancellation, the aggregate principal amount of the Convertible Bonds remaining outstanding as of 9 October 2014 is HK$873,000,000.
Arising from such conversion, 1,337,717 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.826 and the total number of issued and paid-up Shares of the Company has increased to 1,033,787,627.
BY ORDER OF THE BOARD
Lim Lay Hoon
Company Secretary
Singapore, 9 October 2014

Based on outstanding HK$873m worth of CBs, the potential shares to be converted at $0.826 is 166.833m.

The board of directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce that HK$8,000,000 in aggregate principal amount of HK$1,163,000,000 1.25 per cent. convertible bonds due 2017 (credit enhanced until 2015) (the “Convertible Bonds”) have been converted and cancelled pursuant to the exercise of conversion rights by the holder thereof (the “Conversion”). Accordingly, following such conversion and cancellation, the aggregate principal amount of the Convertible Bonds remaining outstanding as of 14 October 2014 is HK$865,000,000.
Arising from such conversion, 1,528,819 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.826 and the total number of issued and paid-up Shares of the Company has increased to 1,035,316,446.

Based on outstanding HK$865m worth of CBs, the potential shares to be converted at $0.826 is 165.304m.

Jiang Yen Fei?

http://infopub.sgx.com/FileOpen/Exercise...eID=318200

Issue and Allotment of Shares Pursuant to China Merchants Holdings (Pacific) Limited Share Option Scheme 2002 (the “Scheme”)
The Board of Directors of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce the issue and allotment of an aggregate of 790,000 ordinary shares in the capital of the Company, at the exercise price of S$0.789 each, pursuant to the exercise of options granted under the Scheme.
The abovementioned new shares have been listed and quoted on the Singapore Exchange Securities Trading Limited on 15 October 2014.
The new shares issued rank pari passu in all respects with the existing shares of the Company.
Pursuant to the above issue and allotment of new shares, the number of issued and paid-up shares in the capital of the Company is 1,036,106,446 ordinary shares.
BY ORDER OF THE BOARD

http://infopub.sgx.com/FileOpen/Cancella...eID=318470

CONVERTIBLE BONDS DUE 2017 -
CANCELLATION OF BONDS DUE TO CONVERSION
The board of directors (the “Board”) of China Merchants Holdings (Pacific) Limited (the “Company”) wishes to announce that HK$5,000,000 in aggregate principal amount of HK$1,163,000,000 1.25 per cent. convertible bonds due 2017 (credit enhanced until 2015) (the “Convertible Bonds”) have been converted and cancelled pursuant to the exercise of conversion rights by the holder thereof (the “Conversion”). Accordingly, following such conversion and cancellation, the aggregate principal amount of the Convertible Bonds remaining outstanding as of 16 October 2014 is HK$860,000,000.
Arising from such conversion, 955,512 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.826 and the total number of issued and paid-up Shares of the Company has increased to 1,037,061,958.
BY ORDER OF THE BOARD

Based on outstanding HK$860m worth of CBs, the potential shares to be converted at $0.826 is 164.348m.

Added some shares at 89c today. Counter party 47 was on the sell side.

Counter party 47 is likely to be direct access foreign broker that professional traders used for passing the trade. Likely to be UBS (please correct me if I m wrong).

Through my accumulation over my last 2 months been meeting instinet, GS, UBS, MS, CSFB, BOA-ML and CLSA - literally most foreign broker.

GG

(17-10-2014, 12:25 AM)Tiggerbee Wrote: Added some shares at 89c today. Counter party 47 was on the sell side.