The spread stands at 5.3%. The vote risk is due to no interim results, the high AGM minority participation rate and a modest offer. There is little evidence that these risks will derail the vote.
Boomeranged on Wed, 23 Aug 2023 19:12
The scheme passed the vote. Minority turnout was high at 76.1%. The scheme was approved by 89.88% of disinterested shareholders. NO votes from disinterested shareholders represented 7.71% of all disinterested shareholders, which was close to the <10% threshold. The last day of trading is tomorrow, 24 August. At the last close price of HK$3.70 per share, the gross spread is 1.4%.
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