bullish

Sun Art Retail (6808 HK): Alibaba’s Stake Draws PE Interest

572 Views28 Sep 2024 21:56
The shares are in a trading halt. The recent Miniso-Yonghui transaction could have prompted PE to act to acquire Alibaba's stake. An offer at book would imply HK$2.50, a 40% premium to the last close.
What is covered in the Full Insight:
  • Introduction
  • History of Alibaba’s Stake
  • Possible Transaction Structures
  • Triangulating Offer Price
  • Relative Valuation
Boomeranged on Tue, 15 Oct 2024 22:29
On 27 September, the Board received a pre-conditional voluntary conditional offer from an undisclosed offeror. No terms are disclosed. Alibaba is discussing the terms of an irrevocable with the offeror and several other parties.
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