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BHG sees new substantial shareholder Qianhai International Holdings via off-market deal

Felicia Tan
Felicia Tan7/1/2020 07:03 PM GMT+08  • 1 min read
BHG sees new substantial shareholder Qianhai International Holdings via off-market deal
This brings Qianhai International’s total stake in BHG Retail REIT to 19.92%. Previously, Qianhai International did not own any units in the REIT.
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SINGAPORE (July 1): Qianhai Authority, a statutory body of Qianhai Cooperation Zone in China, has, through its wholly-owned subsidiary, Qianhai International Holdings, has emerged as a new substantial shareholder of BHG Retail REIT.

Qianhai International Holdings is a wholly-owned subsidiary of Qianhai Financial Holdings, which is in turn, a wholly state-owned financial holding company founded by the Qianhai Authority of China.

In a July 1 filing, Qianhai International Holdings has bought some 101.5 million units via an off-market transaction, at a total cost of $58.9 million, or 58 cents per unit.

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