Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

21 October 2016 - Yida China Holdings Limited (SEHK:3639), Right Won (controlling shareholder of Yida) and China Minsheng Jiaye signed a non-binding MOU for a Possible Share Transfer that could lead to a possible mandatory unconditional general offer.1 November 2016 - Right Won and China Minsheng Jiaye entered into an earnest money agreement in relation to a payment of RMB500 million from the China Minsheng Jiaye to Right Won for the provision of due diligence information by Right Won in relation to the Possible Shares Transfer and the exclusive negotiations between Right Won and the Purchaser for a period of 90 days from the date of the MOU.18 November 2016 - China Minsheng Jiaye announced that they will be purchasing a 53.02% stake in Yida which could lead to a possible Mandatory Unconditional General Cash Offer at HKD 2.20/share, substantially below Yida's pre-halt close of HKD 3.31.

21 October 2016 - Yida China Holdings Limited (SEHK:3639), Right Won (controlling shareholder of Yida) and China Minsheng Jiaye signed a non-binding MOU for a Possible Share Transfer that could lead to a possible mandatory unconditional general offer.1 November 2016 - Right Won and China Minsheng Jiaye entered into an earnest money agreement in relation to a payment of RMB500 million from the China Minsheng Jiaye to Right Won for the provision of due diligence information by Right Won in relation to the Possible Shares Transfer and the exclusive negotiations between Right Won and the Purchaser for a period of 90 days from the date of the MOU.18 November 2016 - China Minsheng Jiaye announced that they will be purchasing a 53.02% stake in Yida which could lead to a possible Mandatory Unconditional General Cash Offer at HKD 2.20/share, substantially below Yida's pre-halt close of HKD 3.31.

Yida - China Minsheng Buys a Controlling Stake; MGO to Follow