bearish
Sun Art Retail (6808 HK): BABA Takes Massive Hit After Inking SPA @ HK$1.38
1.3k Views02 Jan 2025 10:51
The (expected) MGO price is what it is. Evidently something has been orchestrated behind the scenes. You have a near-term floor at HK$1.58/share. This isn't the pricing investors were holding out for.
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- Transaction Details
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- Conclusion
Boomeranged on Fri, 28 Feb 2025 09:20
The SPA completed on the 27th Feb, triggering the MGO. Composite Doc to be dispatched on or before the 6th Mar. Under the terms of the SPA, an additional HK$0.124/share in variable interest will also added, provided certain 2027/2028 EBITDA benchmarks are met. That may suggest an MGO price of HK$1.504, although this is moot with shares trading at HK$1.92, after yesterday's 11.6% pop.
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