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Ariana Capital Investment Ltd buys 10.03% of Bank of Qingdao H-shares (3866.HK) | Related filing
Disclosure of interest, 26-Jun-2020
Ariana fails to disclose the price. No shareholder of Ariana discloses a corresponding interest, but we know it is or was owned by Andrew Chiu Wah Wai. Mr Chiu is Vice Chairman of AMTD International Inc (NYSE:HKIB). The sellers were 2 wholly-owned subsidiaries of that company, which thereby cuts its holding to 12.76% of the H-shares. Update: the 2020 report of AMTD Intl discloses the sale price of $5.50/share, or HK$972.2m in total. In addition, $3.50 per share, totalling $618.7m, was paid by Ariana to settle a derivative amount due on the same shares, taking the price to $9.00, 80% above the current market price of $5.00.
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