TCM (570 HK): Inching Towards Regulatory Sign-Off

David has highlighted this Insight as a Top Pick
819 Views17 Sep 2024 14:58
Assuming payment late Dec, I'd buy up to ~HK$4.38/share, for a 5.0%/20% gross/annualised return. The wild card?  I'm too bullish with my timetable. And pre-cons long stop is pushed out.
What is covered in the Full Insight:
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  • Regulatory Approvals Progress
  • Interim Financial Performance
  • Pre-Con Scheme and Offer Details
  • Shareholder Register and Peer Comparison
Boomeranged on Wed, 9 Oct 2024 12:02
Cutting it fine, but it appears SAMR has "approved unconditionally" the filing. Sinopharm still needs MoC, NDRC, then SAFE. The long stop date for the pre-cons is the 18th October 2024, which can be extended by mutual agreement between TCM and Sinopharm. Link to SAMR's announcement in "Discussions" at the bottom of this insight.
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