Beijing Enterprises Urban Resources

BEW Bumps Effective Stake In BEURG (3718 HK)

Event-Driven
285 Views, 11 May 2022 15:08
EXECUTIVE SUMMARY
  • Beijing Enterprises Water Group (371 HK) (BEW) has effectively increased its stake in Beijing Enterprises Urban Resources (3718 HK) (BEURG) after entering into Acting In Concert agreements (AIC). 
  • Parties to the AICs "irrevocably and unconditionally" undertake to vote in the same manner as BEW in BEURG shareholder meetings. 
  • There was no update on the timing of the MGO, which is expected to open for tendering on the 20 May. 
detail (4-minute read)
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David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

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