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CPMC Holdings

CPMC Holdings (906.HK) Privatization Update - Will ORG Withdraw Midway?

951 Views07 Oct 2024 08:55
ORG intends to acquire 100% equity of CPMC. This means state-owned capital needs to withdraw completely from CPMC, which seems difficult. The “potential unwillingness” from ORG makes the deal “tricky”
What is covered in the Full Insight:
  • Baosteel's Strategic Goals
  • ORG's Acquisition Intent
  • Regulatory Approvals and Challenges
  • Financial Implications for ORG
  • Investment Considerations and Risks
Boomeranged on Fri, 25 Oct 2024 13:20
ORG want 100% equity and kick SOE out because even if 50% acceptance hurdle can be cleared, the effect of acquisition is lower-than-expected if ORG fails to keep good relationship with China Foods/COFCO, especially when ORG bears heavy debt to complete the acquisition of CPMC. We’re also unsure if the situation on Zhang Wei's side will change after Dec.5. Given the risks, we recommend think deeper
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Xinyao (Criss) Wang
HK/China Healthcare Analyst (ex-Fosun Pharma)
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