bullish

Last Week in Event SPACE: Toyota, Rio Tinto, Hainan Meilan, Fujitsu General

775 Views04 May 2025 06:30
SUMMARY
  • Toyota Chair TOYODA made a proposal to take over Toyota Industries (6201 JP), not because he loves forklifts etc; but an opportunistic way to buy a large block of Toyota.
  • Rio Tinto Ltd (RIO AU) shareholders voted down Palliser's proposal to review its dual-company structure. That was the right outcome.
  • Hainan Meilan (357 HK)'s H-share Offer price of HK$10.62/share is not compelling; but it's not meant to be, as the SPA Buyer and Seller are ultimately controlled by Hainan SASAC.
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