The stalemate is broken as management has signalled a desire to take on Shandong Xinjufeng with a counteroffer. The wording suggests a counteroffer would be at least 10%+ higher (around HK$3.00).
What is covered in the Full Insight:
Introduction
Management's Reaction to the Offer
Important Events Recap
Details of Potential Management Counteroffer
Shandong Xinjufeng's Strategic Response
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.