China National Building Material (3323 HK): H Share Buyback Vote on 19 February

1k Views26 Jan 2025 13:59
The fortuitous material derating of peers has helped make the buyback attractive. Therefore, the votes should pass, and the minimum acceptance condition should be met.
What is covered in the Full Insight:
  • Introduction
  • Share Buyback Overview
  • Valuation and Peer Comparison
  • Shareholder Approval Process
  • Proration Sensitivity Analysis
Boomeranged on Wed, 19 Feb 2025 12:33
The vote comfortably passed, and the minimum tendering condition was met. Therefore, the buyback is unconditional. The current acceptances of 1,338.0m H Shares imply a proration of 62.91%. The final closing date is 5 March.
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