Hongkong & Shanghai Hotels Watchlist
HK&S Hotels (45 HK): Kadoories Mop Up Someone Else's Mess
233 Views, 18 Jan 2022 11:29
- The Kadoorie family, Hongkong & Shanghai Hotels (45 HK)'s major shareholder, is paying HK$2.63bn to increase its holding to 72.43% from 59.98%.
- The price under the SPA is $12.80/share, a 92.5% premium to the undisturbed price. Shares promptly gained 19.5% yesterday. No Offer was triggered.
- What is conveniently left out of the announcement, and in media articles, is the original owner of these shares - Tai United Holdings (718 HK).