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BRIEF-CCT Land updates on disposal of co's shares and convertible bonds by substantial shareholder
December 16, 2016 / 10:33 AM / 9 months ago

BRIEF-CCT Land updates on disposal of co's shares and convertible bonds by substantial shareholder

Dec 16 (Reuters) - CCT Land Holdings Ltd

* announcement Regarding Disposal Of Shares And Convertible Bonds Of The Company By The Substantial Shareholder

* informed by substantial shareholder, CCT FORTIS, that on 16 dec cct securities, unit of cct fortis, disposed of aggregate of 14bln shares

* cct securities also disposed convertible bonds with aggregate principal amount of hk$495.7 million to certain investors

* convertible bonds with aggregate principal amount of hk$495.7 million which are convertible at existing conversion price of hk$0.01 per conversion share

* Board does not expect that disposal will have any material adverse effect on operations of group. Source text for Eikon: Further company coverage:

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