Ausnutria Dairy Corp Watchlist
Ausnutria (1717 HK): MGO Imminent As NDRC Approval Obtained
210 Views, 11 Jan 2022 10:01
- China's NDRC approval, a key condition to the Share Purchase Agreement, has been obtained. SAMR clearance had previously been fulfilled, leaving MoC and SAFE approvals yet to be secured.
- The turnout at Ausnutria Dairy Corp (1717 HK)'s recent EGM would suggest there is a sufficient number of shares for the MGO to turn unconditional.
- Provided the Offer becomes unconditional, trading at a gross/annualised spread of 4.4%/22.1%, assuming late 1Q22 completion.