In today’s briefing:
- Guodian Tech’s Offer Risk/Reward – Pre-Condition Satisfied
Guodian Tech’s Offer Risk/Reward – Pre-Condition Satisfied
- Guodian Technology & Environment Group (1296 HK)’s privatisation offer from China Energy is HK$1.08 per H share. The pre-condition was fulfilled on 22 April.
- The key conditions for the delisting will be approval by at least 75% of independent H-shareholders (<10% of all independent H-shareholders rejection). There is no minimum acceptance condition.
- At last close and for a mid-June effective date (composite document despatched by 29 April), the gross and annualised spread to the offer is 2.9% and 19.9%, respectively.
Before it’s here, it’s on Smartkarma
