Assuming payment late Dec, I'd buy up to ~HK$4.38/share, for a 5.0%/20% gross/annualised return. The wild card? I'm too bullish with my timetable. And pre-cons long stop is pushed out.
What is covered in the Full Insight:
Recent Monthly Update
Regulatory Approvals Progress
Interim Financial Performance
Pre-Con Scheme and Offer Details
Shareholder Register and Peer Comparison
Boomeranged on Wed, 9 Oct 2024 12:02
Cutting it fine, but it appears SAMR has "approved unconditionally" the filing. Sinopharm still needs MoC, NDRC, then SAFE. The long stop date for the pre-cons is the 18th October 2024, which can be extended by mutual agreement between TCM and Sinopharm. Link to SAMR's announcement in "Discussions" at the bottom of this insight.