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

4 Jan 2016, New World China Land Limited (917 HK), <a href="http://www.hkexnews.hk/listedco/listconews/sehk/2016/0104/LTN20160104135.PDF" target="_blank">requested</a> a suspension of trading in its shares in relation to a matter under The Codes on Takeovers and Mergers.Shortly after, there were reports that New World Development (17 HK) could be planning a privatization offer for NWCL. If true, this would be the second time they are attempting a privatization of NWCL after its failed attempt back in spring 2014.Although 99.84% of votes was in favor of the scheme, the first attempt failed due to the headcount rule which applies to Cayman Island Companies.There was a large increase in the number of book entry shareholders with miniscule holdings, many registered to the same addresses. Second time lucky... perhaps?

4 Jan 2016, New World China Land Limited (917 HK), requested a suspension of trading in its shares in relation to a matter under The Codes on Takeovers and Mergers.Shortly after, there were reports that New World Development (17 HK) could be planning a privatization offer for NWCL. If true, this would be the second time they are attempting a privatization of NWCL after its failed attempt back in spring 2014.Although 99.84% of votes was in favor of the scheme, the first attempt failed due to the headcount rule which applies to Cayman Island Companies.There was a large increase in the number of book entry shareholders with miniscule holdings, many registered to the same addresses. Second time lucky... perhaps?

Hong Kong

New World China Land Limited, through its subsidiaries, develops and invests in properties in China.  The projects include a wide range of residential, office and commercial developments, mass residential community housing projects.  The Company also operates hotels.

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New World China Land (917 HK)

New World Group - New Year, New World?

4 Jan 2016, New World China Land Limited (917 HK), requested a suspension of trading in its shares in relation to a matter under The Codes on...

Crispin Francis

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