Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

Baoxin Auto Group ("1293 HK") has a new substantial shareholder, China Grand Automotive Services ("SHSE:600297"), buying a 53.58% stake during an off market&nbsp;transaction&nbsp;at an average price of HKD 5.99.&nbsp;According to Rule 26.1, this will trigger a mandatory unconditional offer at a minimum price of HKD 5.99.Baoxin Auto has been suspended from trading since Monday, 7 Dec 2015, and its last close price (4 Dec 2015) was at HKD 4.15. The mandatory offer price will be, at bare minimum,&nbsp;44% higher.&nbsp;In this insight&nbsp;we look at the deal in more detail.

Baoxin Auto Group ("1293 HK") has a new substantial shareholder, China Grand Automotive Services ("SHSE:600297"), buying a 53.58% stake during an off market&nbsp;transaction&nbsp;at an average price of HKD 5.99.&nbsp;According to Rule 26.1, this will trigger a mandatory unconditional offer at a minimum price of HKD 5.99.Baoxin Auto has been suspended from trading since Monday, 7 Dec 2015, and its last close price (4 Dec 2015) was at HKD 4.15. The mandatory offer price will be, at bare minimum,&nbsp;44% higher.&nbsp;In this insight&nbsp;we look at the deal in more detail.

Baoxin Auto Group - Mandatory Offer to Kick In

China

Grand Baoxin Auto Group Limited operates as a automobile sales and service company. The Company focuses on selling mid-and-high end branded cars. Grand Baoxin Auto Group also offers used car sale, after-sales maintenance, and other services.

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Grand Baoxin Auto (1293 HK)

Baoxin Auto Group - Mandatory Offer to Kick In

Baoxin Auto Group ("1293 HK") has a new substantial shareholder, China Grand Automotive Services ("SHSE:600297"), buying a 53.58% stake during an...

Crispin Francis

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)