The company will sell its 11.3% shareholding
representing 39,911,282 shares in AngloGold Ashanti for USD32.00 per share in cash, generating proceeds of USD1.28bn.
The bank, which will be publicly listed, will be restructured into a state-controlled, shareholding
commercial bank and renamed Agricultural Bank of China Limited.
Dixon said: "A reconciliation was commenced on 4 May and we were advised yesterday [29 May] by Link Market Services, our share registry, that the foreign shareholding
at that date was just below 50%."
by financial institutions including the large city banks accounts for more than half of intra-group stockholding in the "financial keiretsu." A bank is likely to have a rather different motivation to hold stock in companies to which it lends than a manufacturing or trading firm has to hold stock in one of its customers or in one of its input suppliers.
"The sale of our shareholding
in the Harp Lager Company is a logical step now that we are brewing Harp lager under license.
Institutional and retail investors bid for over 266 per cent of the offer size of 2.86 per cent shareholding
Under these acquisitions, president and CEO Mikael Olander has purchased 382,465 shares, following which Olander's total shareholding
amounts to 5,862,954 shares, corresponding to a holding of 5.5% of the total number of shares in Bygghemma.
RELX announced it plans to simplify its shareholding
structure by merging RELX PLC and RELX NV.
Tribune News Network Doha The Ministry of Economy and Commerce (MEC) organised a seminar to discuss the advantages of transforming family-owned businesses into public shareholding
companies, the MEC said in a press statement on Tuesday.
had 90 per cent shareholding
and was not eligible for the contract as its maximum limit of contract was Rs150 million as laid down by Pakistan Engineering Council, while M/s SPARCO Construction Company and M/s China First Metallurgical Group Co had only 9pc and 1pc shareholdings
in the joint venture, respectively.'
It had 750,000 links of cross-shareholding until June 2014, but Shin promised transparent corporate governance in August 2015, saying he would eradicate the intra-group shareholding