bullish

Jinke Smart (9666 HK): Boyu Returns To The Well?

518 Views01 Apr 2025 22:15
Boyu may want to take the concert group stake up to 76.6% via another VGO before breaching the free float. If Boyu offers a similar premium as the 2022 Offer, you're looking at a HK$11.46/share Offer.
What is covered in the Full Insight:
  • Introduction to Jinke Smart and Previous Offers
  • Recap of the 2022 Offer
  • Privatization Methods and Current Conditions
  • Market Valuation and Share Price Analysis
  • Potential Future Moves by Boyu Group
Boomeranged on Tue, 29 Apr 2025 01:26
And it's a possible unconditional MGO take-under at HK$6.67/share. The Boyu-backed Offeror and Concert Parties holding 37.86%, have bought Jinke Property Group (000656 CH)'s 18.05% stake at auction on the 30th March, the completion of which - perhaps 4-5 months from the auction date - lifts the consortium's stake to 55.91%, triggering the MGO. More in Discussions below.
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