HKEX’s markets will be closed on 1 January and will re-open as usual on 2 January.
Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for Belle International Holdings Limited (Belle) stock option contracts and structured products with Belle shares as underlying asset to account for the privatisation of Belle and the withdrawal of its listing.
Belle Stock Option Contracts
Highlights of the arrangements are set forth below. Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
For further details, please refer to the Belle circular issued by HKEX on 11 July 2017.
Structured Products with shares of Belle as Underlying Asset
The listing documents of all existing structured products with the shares of Belle as underlying asset (the Structured Products) contain provisions that deal with delisting of the underlying company.
As announced by issuers of the Structured Products on 27 June 2017, trading of the Structured Products will be suspended from 19 July 2017 and will not resume. The cash settlement amount (if any) of the Structured Products will be calculated based on the cancellation consideration price of $6.30.
Structured product issuers will make further announcements regarding the Structured Products in due course.
Ends
Updated 18 Jul 2017