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NOTIFICATION OF MANAGERS’ AND CLOSELY RELATED PARTIES’ TRANSACTIONS WITH DAMPSKIBSSELSKABET NORDEN A/S’ SHARES IN CONNECTION WITH SHARE BUY-BACK PROGRAM

Dampskibsselskabet NORDEN A/S

ANNOUNCEMENT NO. 19 - 25 JANUARY 2021

In connection with the announced share buy-back program in Dampskibsselskabet NORDEN A/S, A/S Motortramp continuously sells shares pro rata and the market is to be informed accordingly – see the attached file and announcement no. 90/2020.

Kind regards,

Dampskibsselskabet NORDEN A/S

Martin Badsted

CFO

For further information:

Martin Badsted, CFO, tel.: +45 3315 0451

Attachments


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[We] believe our acquisition volume assumptions could in fact turn out to be conservative as, eight days into 2021, the company has already made or agreed to make $807.5 mn of acquisitions (or 29% of our estimate for 2021)." Overall, Wall Street takes a bullish stance on Realty Income shares. 5 Buys and 1 Hold issued over the previous three months make the stock a Strong Buy. Meanwhile, the $69.80 average price target suggests ~17% upside from the current share price. (See O stock analysis on TipRanks) Essential Properties Realty Trust (EPRT) Last up, Essential Properties, owns and manages a portfolio of single-tenant commercial properties across the US. There are 214 tenants across more than 1000 properties in 16 industries, including car washes, convenience stores, medical services, and restaurants. Essential Properties boasts a high occupancy rate of 99.4% for its properties. In 3Q20, the company saw revenue increase of 18.2% year-over-year, reaching $42.9 million. 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  • China EV war: Evergrande raises US$3.35 billion in plan to dominate Tesla, NIO and other home rivals

    China Evergrande is taking a step further in its ambitious plan to conquer the global electric vehicle (EV) market by making one of its biggest fundraisings yet from six private investors since switching its focus from the health care business in 2018.China Evergrande New Energy Vehicle Group, the developer's Hong Kong-listed unit, is raising HK$26 billion (US$3.35 billion) selling 952.4 million new shares at HK$27.30 each, according to a Hong Kong stock exchange filing on Sunday. The price represents a 9 per cent discount to the last traded level on Friday, and the stake amounts to about 9.75 per cent of its enlarged capital.Some of the richest Hong Kong and mainland tycoons have agreed to subscribe for the shares, the company said. They include Chan Hoi-wan of developer Chinese Estate Holdings and spouse of Joseph Lau Luen-hung, as well as Liu Ming-hui, the founder of China Gas Holdings. Each will buy HK$3 billion of stake. The buyers have agreed to a 12-month lock-up on their shares.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.The stock placement shows the investors' confidence in the business prospects and can also strengthen its capital base, according to the company's filing. It will help the Group's strategic goal of becoming "the world's largest and most powerful new energy vehicle group," it added.Chinese EV makers like NIO, Xpeng, and Li Auto are rushing to catch an expected upswing in demand as China's economic rebound gains traction after growth quickened to a pre-pandemic pace of more than 6 per cent last quarter. China is also set to become the world's biggest market for EV when 4 million cars, or one in every five vehicles, will be powered by electricity by 2025.The race to the market is preceded by a rush to build a war chest of capital. China Evergrande NEV earlier sold 176.6 million of new shares in September for about HK$4 billion, or HK$22.65 each. Earlier this month, NIO raised about US$1.3 billion from the sale of convertible bonds, while Xpeng got US$1.98 billion of credit lines from five mainland banking groups. Last week, BYD announced a stock placement to raise US$3.9 billon.China Evergrande NEV is controlled by the country's third richest tycoon Hui Ka-yan. His plan is to raise its car production capacity to 500,000 to 1 million vehicles within three to five years, the company said on its website. Its plants in Shanghai and Guangzhou will be capable of rolling out 200,000 units a year each at the beginning, before reaching 1 million by the fifth year, it added.The company's shares have risen 307 per cent over the past 12 months, giving it a market value of about US$34 billion despite incurring huge losses over the past two years. The other four investors who have agreed to take up HK$5 billion each in the stock placement include businessmen from its home base Shenzhen.China Evergrande NEV intends to spend the money on technology research and development, production of new energy vehicle business and repay older debt, it said in the filing.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2021. South China Morning Post Publishers Ltd. All rights reserved.

  • Barron's Picks And Pans: Roundtable Picks, GameStop, LKQ, Netflix, Roblox And More

    * This weekend's Barron's cover story offers a slew of stock and bond picks from the latest Barron's Roundtable. * Other featured articles examine how last year's Barron's stock picks fared, what to focus on when investing in China and the latest signs of a speculative frenzy. * Also, the prospects for digital infrastructure stocks, video game IPOs, a video streaming leader, an auto parts supplier and more.Cover story "28 Investment Picks to Beat the Market" by Lauren R. Rublin offers a slew of top stock and bond recommendations for 2021 from Barron's Roundtable members Rupal J. Bhansali, Scott Black, Mario Gabelli and Sonal Desai. See if Microsoft Corporation (NASDAQ: MSFT) and Tesla Inc (NASDAQ: TSLA) made the cut.Daren Fonda's "4 Ways to Play a Boom in Digital Infrastructure" points out that cell tower stocks like Crown Castle International Corp (NYSE: CCI) and data center stocks like CoreSite Realty Corp (NYSE: COR) have lagged behind, despite their key role in the digital transformation.In "Barron's Stock Picks Beat the Market Again Last Year. Here's How We Did It," Avi Salzman indicates that Amazon.com, Inc. (NASDAQ: AMZN) and Twitter Inc (NYSE: TWTR) were among the key picks last year that helped Barron's beat the market. See how things turned out for the Barron's 2020 bearish calls though.Even as China is criticized for its social practices (including its treatment of the Uighur ethnic minority), it is making rapid progress on its environmental actions. So says "Investing in China Isn't Easy. Focusing on ESG Can Help" by Leslie P. Norton. Find out whether Barron's believes Tencent Holdings (OTC: TCEHY) is among the stocks that are worth a look now.In Jack Hough's "Roblox's Stock Listing and the Boom Market in Desperate Parents," the focus is on the wave of initial public offerings that is about to hit the market, now that everyone is playing video games. See how Barron's recommends that investors play this IPO boom, starting with Roblox, an online platform offering games created by users."GameStop Stock Is Just the Latest Sign of a Speculative Frenzy" by Randall W. Forsyth discusses how last week's short squeeze on GameStop Corp. (NYSE: GME) stock is the sort of action that was prevalent last August, just before the big techs stocks that drive the Nasdaq Composite topped out.See also: Benzinga's Weekly Bulls And Bears: Eli Lilly, Ford, GameStop, Intel, McDonald's And MoreApple Inc (NASDAQ: AAPL), Facebook, Inc. (NASDAQ: FB) and the rest of the FAANGs helped lift the stock market this past week, according to Ben Levisohn's "Big Tech Stages a Comeback. A Correction Could Be the Market's Next Act." See why Barron's now believes a retreat may be in the cards.In "For All Us Netflix Skeptics, It's Finally Time to Concede," Eric J. Savitz examines how, as Netflix Inc (NASDAQ: NFLX) starts to generate cash, the company has a lot more flexibility. Discover what Barron's thinks could come next from the video streaming colossus. Sports? News? Music? Perhaps even gaming?Teresa Rivas's "LKQ Is Helping Itself to a Higher Price" explains that shares of LKQ Corporation (NASDAQ: LKQ) have been stuck in neutral for years, but 2021 could see things turn around for the specialty automotive parts supplier. See why Barron's says that the pandemic forced the company to do what it should have done long ago and now the stock is a buy.Also in this week's Barron's: * Barron's annual ranking of the top-performing sustainable funds * How Biden's China policy will look different from Trump's * Why Biden shouldn't let the federal debt deter a spending spree * Why the stock market is ignoring coming tax hikes * What the originator of the 4% rule thinks about it now * How the tourism industry is scrambling after new CDC guidelines * The humanitarian crisis at sea that threatens global supply chains * What to know about expiring COVID-19 homeowner protections * Undervalued European stocks poised to beat pre-pandemic earnings in 2021At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.Photo by Dwight Burdette via Wikimedia.See more from Benzinga * Click here for options trades from Benzinga * Notable Insider Buys Of The Past Week: Affirm, HEICO, Vector Group, Biotechs And More * Benzinga's Weekly Bulls And Bears: Eli Lilly, Ford, GameStop, Intel, McDonald's And More(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.