A light offer and rebounding box office are stirring up the NO camp. A tight vote points to an unfavourable risk/reward profile: 4.9% offer upside vs. the -24.8% downside to the undisturbed price.
Boomeranged on Tue, 10 Oct 2023 19:59
The IMAX China scheme has failed. The minority participation rate was 60.93%. 70.0% of disinterested shareholders voted YES, and 18.28% of all disinterested shares voted NO - failing both the approval by at least 75% of disinterested shareholders and <10% of all disinterested shareholders rejection threshold. The last close price of HK$8.00 is 11.6% above the undisturbed price of HK$7.17.
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