Haitong Int'l Securities (665 HK): A 114% Offer Premium Should Do The Trick
1k Views08 Oct 2023 07:15
It is difficult to argue with a 114% premium to undisturbed. The key risk? Probably rhe headcount test. Also, "AGAINST" voting at recent AGMs have been non-negligible.
Boomeranged on Thu, 16 Nov 2023 07:54
Pre-cons fulfilled. Now for the Scheme Doc. The despatch date had previously been pushed out to 29 December. That's now disproportionate. Perhaps despatch around Nov month-end, the Scheme Meeting before year-end, and payment, say, late-Jan, early-Feb. The gross spread is 5.6% The headcount test applies, but this is done. Get involved.
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