China Minzhong Food - Will This Takeout Happen?

Award-winning Financial Journalist

Ashish Saxena

China Minzhong Food Corporation (MINZ SP)

After negotiating for more than 20 months, <a href="https://www.smartkarma.com/entities/9877" target="_blank" data-smartkarma-citation="entities:9877:1">China Minzhong Food Corporation Limited</a>'s management is teaming up with Anthoni Salim to launch a pre-conditional voluntary offer to take the company private.At S$1.20/share, the offer values the company at S$786.5 mln which is lower than its net assets of S$1.07 bln (RMB 5.3 bln) on June 30. However, the offer has not been declared final yet.Already, <a href="https://www.smartkarma.com/profiles/11" target="_blank" data-smartkarma-citation="accounts:11">Crispin Francis</a> has covered the transaction in great detail in his latest insight <a href="https://www.smartkarma.com/insights/china-minzhong-food-will-this-takeout-happen" target="_blank" data-smartkarma-citation="insights:5717">China Minzhong Food - Will This Takeout Happen?</a>.In this insight, you will read about how the latest offer is not what was originally discussed about. You'll also read about the dealings in China Minzhong's shares by its insiders even as a deal was being worked out.But before that, here's a brief background on the offeror:

After negotiating for more than 20 months, China Minzhong Food Corporation Limited's management is teaming up with Anthoni Salim to launch a pre-conditional voluntary offer to take the company private.At S$1.20/share, the offer values the company at S$786.5 mln which is lower than its net assets of S$1.07 bln (RMB 5.3 bln) on June 30. However, the offer has not been declared final yet.Already, Crispin Francis has covered the transaction in great detail in his latest insight China Minzhong Food - Will This Takeout Happen?.In this insight, you will read about how the latest offer is not what was originally discussed about. You'll also read about the dealings in China Minzhong's shares by its insiders even as a deal was being worked out.But before that, here's a brief background on the offeror:

China Minzhong Food: Did Insiders Sell Shares Even as the Market Was Waiting for an Offer?