Shareholder nets $121m from CIMC Enric exit

By Rev Hui
27 Nov 2013

A shareholder in CIMC Enric Holdings raised HK$937m ($121m) on November 26 after selling his entire stake in the Chinese company.

Petrus Gerardus Maria van der Burg sold 80.1m shares, or a 4.24% stake, in CIMC Enric through PGM Holding at a price of HK$11.70 per share.

That was a 7.1% discount to the stock’s November 26 close of HK$12.60 and slightly below the middle of its HK$11.59-HK$12.10 indicative ...

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