Deutsche Bank Starts Kenon Holdings (KEN) at Hold
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Kenon Provides Updates on its Interests in Tower and Qoros
April 30, 2015 10:46 AM EDTSINGAPORE, April 30, 2015 /PRNewswire/ --
Key Highlights
Kenon Holdings Ltd.'s ("Kenon") Board of Directors has approved the convocation of an Extraordinary General Meeting ("EGM") to seek approval for a capital reduction in connection with Kenon's proposed distribution of Kenon's shares in Tower Semiconductor Ltd. ("Tower") Kenon's Board of Directors has approved an investment of RMB400 million (approximately $65 million) in Qoros Automotive Co., Ltd. ("Qoros") and a RMB175 million (approximately $28 million) guarantee of a new Qoros bank financingKenon is providing the following... More
