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Technology Stocks : Softbank Investment International (HK0648)
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To: Yamakita who wrote (252)3/14/2000 1:26:00 PM
From: Bruce Byall  Read Replies (1) of 615
 
Name change today ???
Perhaps the halt in trading Cheung Weh is because of the name change as reported in the Hong Kong Economic Journal on 2/18
and posted here on SI on 2/20 :

Message 12924593

To: merry693 who wrote (156)
From: Labrador
Sunday, Feb 20, 2000 1:07 PM ET
Reply # of 253

Yu brothers sell Cheung Wah shares for up to 1.73 bln hkd

02/18/2000
AFX (AP)
Copyright 2000 AFX News; Source: World Reporter (TM)

Yu Kam Wai and Yu Kam Yuen, brothers of Cheung Wah Development Co Ltd's former controlling
shareholder Lawrence Yu, have appointed
Jardine Fleming to place up to 100 mln existing Cheung Wah shares for between 13.10-13.55 hkd, the
Hong Kong Economic Journal reported.

The underwriter has an over-allotment option of 28 mln shares, to be exercised within one month, it
said. If the option is exercised at the top end
of the price range, the brothers will be able to raise 1.73 bln hkd, it said.

Lawrence Yu has made an undertaking not to sell any of his 162 mln Cheung Wah shares, or 20.21 pct
of the company.

The takeover by Softbank of Cheung Wah will be completed on March 14, it said.

The newspaper said Cheung Wah shares will be suspended today.

Cheung Wah shares were down 0.95 at 14.25 hkd yesterday.
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