I'm still gunning for this to turn unconditional on the first closing date, or 10th Jan, and therefore payment, say 20th January. Trading at a moderately attractive 1.5%/19.8% gross/annualised return.
What is covered in the Full Insight:
Introduction to CPMC Takeover
Background on Competitive Bidding and Offers
New Developments and Current Status
Details of ORG's Offer and Market Conditions
Conclusion and Investment Implications
Boomeranged on Wed, 8 Jan 2025 11:21
Expect the Offer for CPMC Holdings (906 HK) to turn unconditional either today or tomorrow. Including shares held in HKSCC, together with shares tendered that have moved out of CCASS, ORG Technology Co., Ltd. A (002701 CH) should have now cleared 50%, subject to confirmation of the validity of acceptances. More in “Discussions” below.