Goldin Properties - Composite Document Despatched; The Offer Is Above RNAV

Goldin Properties Holdings Limited (283 HK): Non-Binding Privatization Proposal, Again

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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Chairman Pan Sutong has tabled a privatization offer at HKD 9.00 in cash. The offer will be done via a voluntary conditional offer.The offer is conditional on Chairman Pan receiving valid acceptances which would result in the Offeror holding at least 90% of the Offer Shares with the further proviso that, within that holding, the Offeror would also hold at least 90% of the Disinterested Shares.Mr. Pan currently controls 64.4% of <a href="https://www.smartkarma.com/entities/6527" target="_blank" data-smartkarma-citation="entities:6527:1">Goldin Properties Holdings (283 HK)</a>.Below the fold, we take a closer look at this offer.

Chairman Pan Sutong has tabled a privatization offer at HKD 9.00 in cash. The offer will be done via a voluntary conditional offer.The offer is conditional on Chairman Pan receiving valid acceptances which would result in the Offeror holding at least 90% of the Offer Shares with the further proviso that, within that holding, the Offeror would also hold at least 90% of the Disinterested Shares.Mr. Pan currently controls 64.4% of Goldin Properties Holdings (283 HK).Below the fold, we take a closer look at this offer.

Goldin Properties - Privatization Offer from the Chairman at HKD 9.00