China Merchants Holdings Pacific

[Jonas]

Do I entitled the bonus share if I use SRS to invest in this stock?

[greengiraffe]

http://infopub.sgx.com/FileOpen/Cancella...eID=354877

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 5 June 2015 is HK$558,000,000.
Arising from such conversion, 1,423,910 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.776 and the total number of issued and paid-up Shares of the Company has increased to 1,151,801,337.
BY ORDER OF THE BOARD
Lim Lay Hoon
Company Secretary
Singapore, 5 June 2015


Based on outstanding HK$558m worth of CBs, the potential shares to be converted at $0.776 is 113.506m.

[greengiraffe]

http://infopub.sgx.com/FileOpen/FCL_Circ...eID=355229

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$23,000,000 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 8 June 2015 is HK$535,000,000.
Arising from such conversion, 4,678,563 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.776 and the total number of issued and paid-up Shares of the Company has increased to 1,156,479,900.
BY ORDER OF THE BOARD
Lim Lay Hoon
Company Secretary
Singapore, 8 June 2015

Based on outstanding HK$535m worth of CBs, the potential shares to be converted at $0.776 is 108.827m.

[greengiraffe]

CMP and China Toll Sector updates based on y'day closing prices:

CMP ranks top in terms of div yield, 2nd in terms of historical PER and 4th in terms of P/B in the universe that I am monitoring.

Vested
Core
GG

[greengiraffe]

http://infopub.sgx.com/FileOpen/Cancella...eID=356330

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$13,000,000 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 17 June 2015 is HK$522,000,000.
Arising from such conversion, 2,644,405 new ordinary shares in the capital of the Company (“Shares”) have been issued at the conversion price of S$0.776 and the total number of issued and paid-up Shares of the Company has increased to 1,159,124,305.
BY ORDER OF THE BOARD
Lim Lay Hoon
Company Secretary
Singapore, 17 June 2015

Based on outstanding HK$522m worth of CBs, the potential shares to be converted at $0.776 is 106.183m.

[Nick]

Trading halted ! M&A ?

(Vested)

[greengiraffe]

http://www.valuebuddies.com/thread-1756-...#pid113368

Trading halted ! M&A ?

(Vested)

[greengiraffe]

http://www.valuebuddies.com/thread-1756-...l#pid99637

Recap of Milestones:

CMP Milestones:

11 Aug 2010 ($0.72) - YTW http://infopub.sgx.com/Apps?A=COW_CorpAn...elease.pdf

19 Aug 2011 ($0.53) - YTW Completion http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

23 Feb 2012 ($0.68) 2011 Final Results and Dividend Policy of at least 5.5 cents DPS for FY12 and FY13 http://infopub.sgx.com/FileOpen/FY2011-P...leID=75416

The Group has paid no less than 50% of its net profit to shareholders since its
transformation into a leading toll road player in 2004. Instead of targeting a dividend
payout ratio of at least 50% of net profit attributable to shareholders, the Directors now
target for an annual dividend payout of at least 5.5 cents a share over the next two
years in view of the increased gearing and the Group’s future development needs.

6 Aug 2012 ($0.70) - Ningbo Beilun http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.PDF

18 Sept 2012 ($0.715) - Proposed issue of CB due 2017 http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

14 Nov 2012 ($0.725) - Completion of Ningbo Beilun http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

12 Dec 2012 ($0.71) - First Attempt at Jiurui http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

15 May 2013 ($0.895) - Non completion of Jiurui http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

27 Sept 2013 ($0.86) - Disposal of NZ Prop to Sister Co http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

27 Feb 2014 ($0.905) - FY13 results and surprised increase of final dividends to 4.25cents totalling 7 cents above 5.5 cents guidance http://infopub.sgx.com/Apps?A=COW_CorpAn...elease.pdf

5 Mar 2014 ($0.96) - Extension of long-stop for NZ prop disposal http://infopub.sgx.com/Apps?A=COW_CorpAn...of_LSD.pdf

16 Apr 2014 ($0.955) - Completion of disposal of NZ Prop http://infopub.sgx.com/Apps?A=COW_CorpAn..._CMPNZ.pdf

21 Jul 2014 ($0.925) - 2nd attempt at Jiurui http://infopub.sgx.com/Apps?A=COW_CorpAn...elease.pdf

9 Sept 2014 ($0.945) - Completion Jiurui http://infopub.sgx.com/Apps?A=COW_CorpAn...essway.pdf

9 Sept 2014 - Conversion of RCCPS by Huajian http://infopub.sgx.com/Apps?A=COW_CorpAn...ersion.pdf

22 May 2015 - facility agreement (the “Agreement”) with DBS Bank Ltd. (“DBS”) for a 12-month uncommitted multicurrency short term revolving loan facility in an aggregate amount of US$50 million (the “Facility”) http://infopub.sgx.com/FileOpen/Revolvin...eID=352926

Trading Halt History:

10 Aug 2010: http://infopub.sgx.com/Apps?A=COW_CorpAn...aee2742538

YTW

3 Aug 2012: http://infopub.sgx.com/Apps?A=COW_CorpAn...c2c54a0919

Beilun

11 Dec 2012: http://infopub.sgx.com/Apps?A=COW_CorpAn...6db8be5e17

Jiurui 1st attempt

21 July 2014: http://infopub.sgx.com/Apps?A=COW_CorpAn...8790d08bb5

Jiurui 2nd attempt

22 June 2015: http://infopub.sgx.com/Apps?A=COW_CorpAn...4c655d5299

Akan Datang...

[Jack31]

The last 4 trading halt are all m&a (ytw, beilun & 2 time jiurui).
Looking forward to surprises.

[greengiraffe]

Parent co already released the announcement that we are all waiting for...

Strangely the locally listed entity has yet to finalise the release in English...

Acquisition in Guangxi...

http://www.hj.net.cn/second/content.aspx...entid=1978

招商局亚太收购广西三条高速公路项目

　　　
　　2015年6月23日，招商局亚太有限公司（“招商局亚太”）旗下全资子公司与广西桂政高速公路投资建设有限公司及深圳市益田集团股份有限公司在深圳蛇口举行签约仪式，通过签订有条件的股份买卖协议，收购广西桂兴高速公路投资建设有限公司、广西桂梧高速公路桂阳段投资建设有限公司以及广西华通高速公路有限责任公司100%股权。通过此项收购，招商局亚太获得了广西省境内桂林至兴安（“桂兴高速”）、桂林至阳朔（“桂阳高速”）、阳朔至平乐（“阳平高速”）总长约160公里的三条高速公路全部经营管理权。


　　招商局集团董事长李建红、总经理李晓鹏、副总经理邓仁杰出席签约仪式，邓仁杰副总经理作了致辞。招商公路董事总经理、招商局亚太董事局主席兼CEO罗慧来与广西桂政高速公路投资建设有限公司及深圳市益田集团股份有限公司签署了股权转让协议。招商局集团总法律顾问王春阁、办公厅主任李亚东、资本运营部部长邓伟栋以及战略发展部、综合交通部、风险管理部等相关领导，招商公路常务副总经理兼招商局亚太董事局副主席、总经理（COO）姜岩飞，招商局亚太执行董事史秀丽，广西桂政高速公路投资建设有限公司及深圳市益田集团股份有限公司相关领导出席并见证了签约，仪式由姜岩飞先生主持。


　　在过去的几年中，招商局亚太在中国广西、贵州、浙江和江西四个省区经营总长超过415公里的五条收费公路，此次针对广西桂兴高速、桂阳高速和阳平高速项目的收购，将进一步扩大招商局亚太的收费公路投资组合，扩大其在中国发展最快地区的影响力。


　　此项收购须满足若干先决条件，包括获得新加坡和中国监管当局的批准。将截至2014年12月31日所购项目的公允价值、独立交通顾问出具的交通流量及收入预测研究报告和此次收购理由作为考量因素，且基于买卖双方自愿的原则，此次收购总交易对价约人民币30.4亿元（约38.3亿港元）。招商局亚太拟通过外部融资（包括银行贷款及或发行新证券）为收购提供资金，发行新证券的条款将视各种因素（如市场行情）而定。


　　“新购的三条收费公路将提升亚太业务规模，也标志着亚太向成为领先的收费公路运营商的进程中迈出了重大一步。至此，亚太经营的收费公路资产将达8条，平均特许经营期限将达16.9年，较目前的13.6年增长24%；总里程将从415公里增至575公里。连同长达138公里的桂柳高速，亚太在广西运营的高速公路里程约为298公里，可形成路网管理协同效用，同时扩展亚太在广西及中国的领先地位。”招商局亚太董事局副主席、总经理(COO)姜岩飞先生说到。

　　谈及收购，招商局亚太执行主席兼首席执行官罗慧来先生表示：“此次收购符合亚太通过收购中国境内优质收费公路资产，不断扩大收费路网的发展战略，是亚太迎来跨越式发展的重要里程碑，这必将加速业务规模效益的大幅增长，进一步巩固我们在收费公路行业的地位。展望未来，我们将继续通过并购的方式实现外部增长，同时追求现有项目的发展，继续秉持收购优质收费公路资产和不断扩大亚太在收费公路行业影响力的策略。”
　　　

近年来，在集团的战略指引下，招商公路明确了要打造成为“中国领先的高速公路投资运营商”的战略目标，并在扩大收费公路业务规模及强化收费公路业务组合方面持续迈出重要步伐，接连完成四项重大收购，包括2011年7月完成的甬台温高速、2012年11月完成的北仑港高速、2014年7月完成的九瑞高速以及今日完成的三条高速项目，为实现招商局亚太在港交所二次上市、将招商公路打造成为“中国领先的高速公路投资运营商”奠定了重要基础。







文 / 黄可欣 杨鸽

图 / 彭嘉


　　　
　　新闻链接：


　　桂兴高速位于广西自治区的北部，连接桂林市与兴安县，衔接通达福建省泉州市及广西南宁市的路网，全长约53.4公里，是国道主干线G72泉南高速的重要组成部分，是中原地区通往东盟和广西沿海港口的便捷通道之一，也是广西北大门的重点工程，于2013年4月2日建成通车试运营。



　　桂阳高速位于广西自治区的南部，连接桂林市区至广西阳朔县，于2008年12月19日正式建成通车，全长约67公里，是国家规划建设的西部开发8条省际公路G65包头至茂名高速公路的组成部分，也是广西公路主骨架的重要组成部分和西南地区与粤港澳经济联系的重要通道。桂阳高速公路全线大部分在美丽的喀斯特地貌中穿行，阳朔境内高田一段喀斯特峰林尤其美丽，人行其路，如游画中，被认为是中国最美的高速公路。


　　阳平高速位于广西自治区的东部，连接阳朔县至平乐县，全长39.52公里，为中国国家高速公路网中G65包茂高速公路和G78汕昆高速公路的组成部分（共线路段），起于阳朔县高田镇，接桂阳高速公路，途径普益乡、平乐镇，终于平乐县二塘镇，接平钟高速公路，于2008年11月10日正式通车。该高速的通车对加强广西与中南、华南、西南人员往来及物资流通，连接北部湾，提高经济发展水平起到了积极的促进作用。