【英语财经】中海地产收购中信集团旗下住宅地产 Citic sells property assets to China Overseas Land for $4.8bn

China Overseas Land & Investment has agreed to acquire the property assets of Chinese state-owned conglomerate Citic Group.

The Hong Kong-listed property developer will pay Rmb31bn (HK$37.08bn, or$4.8bn), give or take 5 per cent, for Citic’s residential property assets, the company said in a statement to the Hong Kong Exchange.

To pay for the deal, COLI will issue 1.1bn consideration shares, at HK$27.13 a piece, worth HK$29.72bn, as well as HK$7.36bn to be settled by the transfer of a portfolio of properties.

The new shares represent 11.1 per cent of the existing issued share capital of the company, and the issue price represents a premium of 5.36 per cent to COLI’s closing price on Friday of HK$25.75.

COLI’s said the transaction will represent a “notable consolidation” in the Chinese real estate sector between the two large-scale developers. Management added:

Upon Completion, the Company will acquire substantially all the residential-focused property development and management business from CITIC Limited, enlarging the Group’s business scale. As a result of the Transactions, the Company and CITIC Limited are able to leverage on their respective strengths and expertise, potentially leading to generation of business synergies, improved efficiency, cost savings and more investment opportunities.

COLI’s share price is down 5.3 per cent in 2016, but has recovered by almost a quarter from January’s lows. Citic’s Hong Kong-listed shares are down 10.2 per cent year-to-date, and had jumped 9.2 per cent on Friday on volume of 54.04m shares, which was more than four times the 15-day moving average.

中国海外发展(COLI)已同意收购中国国有企业集团中信集团(Citic Group)的地产资产。

根据这家香港上市地产开发商向港交所(HKEx)提交的声明，中国海外发展将支付310亿元人民币（约合370.8亿港元或48亿美元）——最终价格不超过该金额的上下5%——收购中信集团的住宅地产资产。

为了支付交易款，中国海外发展将以每股27.13港元的价格发行金额达297.2亿港元的11亿份代价股份，另外73.6亿港元将以转让物业组合方式偿付。

新发股份占中国海外发展现有已发行股本的11.1%，发行价较上周五25.75港元的收盘价溢价5.36%。

译者/何黎