Newjf's loss of international business prompts it to acquire GAPack.“True motives” behind GAPack urging shareholders to reject Newjf's Offer are questionable. Investors should take the Offer seriously
What is covered in the Full Insight:
Introduction to Greatview and Newjf Conflict
Background of Greatview's Management and Shareholding
Implications of Losing International Business Control
Industry Impact of Potential Merger
Regulatory and Compliance Updates
Boomeranged on Wed, 20 Nov 2024 09:20
The merger control filing with the Anti-trust Bureau of SAMR has been completed. NewJF also continues to liaise actively with the other competent authorities regulating ODI in the PRC in respect of Pre-Condition(i)(a). Despite the "noise" raised by Bi Hua/Hong Gang, Pre-Conditions are progressing smoothly. Unless the management raise a higher offer, we think Newjf is highly likely to be successful
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