Golden Eagle Retail (3308 HK): Scheme Vote on 15 September
The scheme was overwhelmingly approved. Minority turnout was good with 68.2% of disinterested shares casting a vote. The scheme was approved by...
Golden Eagle Retail (3308 HK): Controlling Family’s Privatisation Offer at HK$6.88
The offer price is final. The offer is reasonable particularly as the sentiment on the department store sector remains weak. This looks like a done...
Lifestyle International (1212 HK)’s Court Meeting – And that Is a Pass
The scheme vote was overwhelmingly approved. At the last close and for the 30 December payment date, the annualised spread to the offer is 20.6%.
Lifestyle International (1212 HK)’s Wide Spread Heading into the 21 November Vote
Ongoing weak Hong Kong retail sales and peers’ slightly de-rating should lower the vote risk. Headcount test not applicable. While light, we...
Lifestyle International’s Court Meeting on 21 November
The offer is light but there is no headcount test. No shareholder holds a blocking stake. At the last close, the gross spread to the offer is 9.6%.
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