China Infrastructure & Logistics Group

China Infrastructure & Logistics Group (1719 HK): Potential Unconditional MGO

Event-Driven
208 Views, 11 Jan 2022 14:06
EXECUTIVE SUMMARY
  • After shares were halted midday on the 30 December pursuant to the Takeovers Code, China Infrastructure & Logistics Group (1719 HK) ("CILG") has announced a possible MGO from Hubei Ports.
  • Hubei Ports has entered into a SPA with co-chairman Yan Zhi to acquire his 74.81% stake in CILG. Upon completion, this will trigger an unconditional MGO. The price is HK$1.15/share.
  • A key condition to the SPA is approval from SASAC of Wuhan, which is turn controls 82.8571% of Hubei Ports. This transaction is done.
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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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