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《大行报告》大摩:长实集团(01113.HK)收购及回购建议获接纳 料令每股股息至少增加至2.07元
阿思达克 05-28 10:36
长实集团(01113.HK)公布建议收购已於本月21日完成。股份回购要约接获涉及合共4.11亿股有效接纳,相当於回购数目上限3.8亿股的108.17%,应付代价逾190亿元。

摩根士丹利发表报告,认为相关收购及回购建议获接纳,对於现有的独立股东而言不会摊薄股权,但负债率会上升,涉总回购金额逾190亿元,该行料上述计划可令每股股息将至少增加至2.07港元(按年增长15%),意味着股息回报为4.2厘。

该行表示,予长实集团「与大市同步」投资评级及目标价50元。

长实集团於今年3月中曾公布,向李嘉诚基金会收购四项英国及荷兰资产,涉170亿元,将以每股51元发行逾3.33亿股股份支付;长实执行董事兼副董事总经理叶德铨当时解释由於发新股料将出现股份稀释,为减少稀释公司会作回购,同样以51元价格回购股份。他指,是次交易资产,李嘉诚基金会保证今明两年每年现金回报最少9.1亿元,代表现金回报率为5.35%。公司会保证於今明两年每年派发的股息总额,不低於去年的股息总额再加9.1亿元,即料约不少於75亿元。

长实集团於今年4月中再公布,根据股份回购要约将回购股数上限由3.33亿股,提高至3.8亿股,相当於总股本10.29%。要约价维持不变,仍为每股51元。倘获全面接纳,涉资193.8亿元,将由集团现金资源拨付。

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