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HSBC's loss of interest caused the listed company to sell goods to Yongfa Property: a loss of 7.2 million yuan

2020-04-07T02:30:29.786Z


Many Hong Kong investors have a special feeling for HSBC Holdings (0005). When the bank responded to the request of the Prudential Regulation Authority of British Bank, it canceled the fourth interim interest rate last year, and this year did not pay dividends and buybacks.


Financial News

Written by: Zhang Weilun

2020-04-07 10:19

Last update date: 2020-04-07 10:23

Many Hong Kong investors have a special feeling for HSBC Holdings (0005). When the bank responded to the request of the Prudential Regulation Authority of British Bank, it canceled the fourth interim interest rate last year, and this year did not pay dividends and buybacks. , Investors can only leave the market by selling. Yongfa Real Estate (0287) pointed out in the announcement that it sold a total of 754,000 shares of HSBC last Friday (3rd) and yesterday (6th), cashing out 28.936 million yuan, and expecting a loss of about 7.2 million yuan from selling HSBC records .

Yongfa pointed out that on Friday and yesterday, the average price was 37.88 yuan and 38.26 yuan, respectively, for the purpose of selling HSBC shares for trading purposes, respectively, 200,000 shares and 172,300 shares, a total of 14.4169 million cash.

The company also sold 387,700 shares of HSBC shares for strategic investment at an average price of 38.68 yuan yesterday, cashing out 14.77 million yuan.

The company also pointed out that through the holding of HSBC stocks, in the financial year ended March 2018, and the financial year ended March 2019, they received 2.638 million yuan and 2.799 million yuan in dividends, respectively.

Yongfa pointed out that as of the end of March this year, holding 372,000 shares of HSBC for trading securities, the investment cost and unaudited fair value were 30.02 million yuan and 16.43 million yuan respectively, if calculated at the fair value at the end of March this year The director expected the transaction to cause a loss of 2.3 million yuan.

Received a dividend of 2.8 million yuan last year

The company pointed out that the 387,700 shares held as a strategic investment in HSBC, after deducting the previous impairment of the investment cost of 19.632 million yuan, and the unaudited fair value of 16.6855 million yuan, the transaction is expected to bring 4.9 million yuan.

The company pointed out that the post-transaction dividend income decreased by 2.8 million yuan from the dividend income received in 2019.

The company pointed out that after HSBC stopped paying dividends this year, and the directors further reviewed the company's strategy for financial approval, the transactions were considered to be the most favorable; the proceeds from the transactions will be used as general working capital.

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Source: hk1

All news articles on 2020-04-07

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