(RTTNews) - The Taiwan stock market stock market on Friday ended the two-day losing streak in which it had fallen more than 225 points or 1.5 percent. The Taiwan Stock Exchange now sits just above the 17,300-point plateau and it's got a green light again for Monday's trade.
The global forecast for the Asian market is cautiously optimistic, with upside limited by surging coronavirus cases in India. The European markets were down and the U.S. bourses were up and the Asian markets figure to split the difference.
The TSE finished sharply higher on Friday following gains from the technology stocks, weakness from the cement companies and a mixed picture from the financial sector.
For the day, the index jumped 203.27 points or 1.19 percent to finish at the daily high of 17,300.27 after moving as low as 17,055.48.
Among the actives, Cathay Financial collected 0.39 percent, Mega Financial fell 0.31 percent, CTBC Financial shed 0.44 percent, Fubon Financial added 0.33 percent, First Financial sank 0.66 percent, E Sun Financial eased 0.19 percent,
Taiwan Semiconductor Manufacturing Company jumped 1.86 percent, United Microelectronics Corporation soared 4.01 percent, Hon Hai Precision climbed 1,28 percent, Largan Precision gathered 1.64 percent, Catcher Technology rose 0.25 percent, MediaTek surged 5.18 percent, Formosa Plastic dropped0 .93 percent, Asia Cement tanked 2.71 percent and Taiwan Cement tumbled 2.03 percent.
The lead from Wall Street is positive as the major averages showed a strong move to the upside, picking up steam as the session progressed.
The Dow spiked 227.59 points or 0.67 percent, while the NASDAQ jumped 198.39 points or 1.44 percent to end at 14,016.81 and the S&P 500 gained 45.19 points or 1.09 percent to close at 4,180.17. For the week, the Dow fell 0.5 percent, the NASDAQ shed 1.4 percent and the S&P eased 0.1 percent.
The rebound on Wall Street partly reflected the volatility seen over the past few sessions, which saw the major averages show big swings back-and-forth.
Optimism about the economic recovery has helped prop up the markets, although concerns about high valuations and surging coronavirus cases overseas have led to worries about the near-term outlook.
In economic news, the Commerce Department reported a substantial rebound in new home sales in March, sending sales to their highest level since August 2006.
Crude oil prices moved higher on Friday, lifted by buoyant demand for energy in the U.S. despite a weak global outlook. West Texas Intermediate Crude futures for June ended up by $0.71 or 1.2 percent at $62.14 a barrel. WTI crude futures shed 1.7 percent in the week.
Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) ("Columbia Care” or the "Company”) today announced that it will report its financial results for the first quarter ended March 31, 2021 before US financial markets open on Monday, May 17, 2021. Following the release of financial results, Company management will conduct a conference call at 8:00 a.m. ET to discuss financial and operating results for the first quarter of 2021.
Regulatory News:
SFL (Paris:FLY):
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED) OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR IN ANY OTHER JURISDICTION IN WHICH IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
SFL (the "Company”) is launching a tender offer intended to purchase its (i) €500,000,000 1.875 %. notes due 26 November 2021 (ISIN Code: FR0012346856) listed on Euronext Paris (of which €350,000,000 is currently outstanding) (the "2021 Notes”), and (ii) €500,000,000 2.25 %. notes due 16 November 2022 (ISIN Code: FR0013053030) listed on Euronext Paris (of which €350,000,000 is currently outstanding) (the "2022 Notes”, and together with the 2021 Notes, the "Notes”), up to a maximum acceptance amount in nominal amount of Notes of €300,000,000, subject to the discretion of the Company (the "Tender Offer”).
The Tender Offer is made under the terms and conditions set out in the tender offer memorandum dated 2 September 2020 (the "Tender Offer Memorandum”).
The tender price payable in respect of the 2021 Notes validly submitted for tender and accepted for purchase by the Company will be determined by reference to a yield of 0.00 %.*
The tender price payable for the 2022 Notes validly submitted for tender and accepted for purchase by the Company has been fixed at 104.15 %. of the principal amount of the 2022 Notes.
The purpose of the Tender Offer is to optimise the Company’s cost of debt and to improve the balance sheet structure.
The Tender Offer will start on 2 September 2020 and will expire at 4:00 p.m (CEST) on 8 September 2020. The results of the Tender Offer will be announced on 9 September 2020 (subject to changes as a result of any extension, withdrawal, termination or amendment of the Tender Offer). Settlement is expected to take place on 10 September 2020.
-----------* For information purposes only, the tender offer price in respect of the 2021 Notes will be 101.797 %. assuming a settlement date of 10 September 2020. This tender offer price reflects a yield to the 3-month par call date, i.e. 26 August 2021.
Disclaimer This press release does not constitute an invitation to participate in the Tender Offer in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such invitation under applicable securities laws. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions and should refer to the Offer Restrictions section contained in the Tender Offer Memorandum.
Tenders of Notes for purchase pursuant to the Tender Offer will not be accepted from qualifying holders in any circumstances in which such offer or solicitation is unlawful. The Company does not make any recommendation as to whether or not qualifying holders should participate in the Tender Offer.
United States The Tender Offer is not being made and will not be made directly or indirectly in or into, or by use of the mails of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone, email and other forms of electronic transmission) of interstate or foreign commerce of, or any facility of a national securities exchange of, the United States or to U.S. Persons as defined in Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act”) (each a "U.S. Person”) and the Notes may not be tendered in the Tender Offer by any such use, means, instrumentality or facility from or within the United States, by persons located or resident in the United States ("U.S. holders” within the meaning of Rule 800(h) under the Securities Act). Accordingly, copies of the present press release, the Tender Offer Memorandum and any documents or materials related to this Tender Offer are not being, and must not be, directly or indirectly, mailed or otherwise transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States or to any such person. Any purported Offer to Sell in response to this Tender Offer resulting directly or indirectly from a violation of these restrictions will be invalid, and Offers to Sell made by a person located or resident in the United States or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States will not be accepted.Securities may not be offered or sold in the United States absent registration under, or an exemption from the registration requirements of, the Securities Act. This press release does not constitute an offer of securities for sale in the United States. The securities referred to in this press release have not been registered under the Securities Act, or the securities laws of any state of the United States or other jurisdiction and the securities may not be offered, sold or delivered within the United States or to any U.S. person as defined in Regulation S under the Securities Act.For the purposes of the above paragraphs, "United States” means the United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America and the District of Columbia.
France The Tender Offer is only being made, directly or indirectly, to qualified investors as such term is defined under Article 2(e) of the Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (the "Prospectus Regulation”) in the Republic of France and only qualified investors are eligible to participate in the Tender Offer. The Tender Offer Memorandum and any other documents or offering materials relating to the Tender Offer may only be distributed to qualified investors as such term is defined under Article 2(e) of the Prospectus Regulation and in accordance with Article L.341-2, 1 of the French Code Monétaire et Financier. The Tender Offer Memorandum, nor any other such offering material has been submitted for clearance to the French Autorité des marchés financiers
About SFL
Leader in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €7.2 billion and is focused on the Central Business District of Paris (#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors. As France’s oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties.
Stock market: Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P rating: BBB+ stable outlook
View source version on businesswire.com: https://www.businesswire.com/news/home/20200902005433/en/
