Midea Real Estate (3990 HK):  Divesting Property Development Business (Cash Option At 57% Premium)

493 Views24 Jun 2024 10:14
Midea Real Estate (3990 HK) announced last night a proposal for distribution of the property development business to shareholders.  The cash alternative at HKD5.90 is a 57% premium to last close.
What is covered in the Full Insight:
  • Introduction
  • Details of the Proposal
  • Financial Implications
  • Comparative Analysis
  • Conclusion
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Steve
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Consumer Discretionary & Consumer StaplesEquity Bottom-UpThematic (Sector/Industry)
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