Beijing Capital (1329 HK): Done Deal As Shareholder Vote On 10th Jan

Dec 16, 2024

∙ Paid

Back on the 28th October, SOE Beijing Capital Group launched an Offer by way of a Scheme for Beijing Capital Grand (1329 HK) (BCG), a commercial property developer in China.
The Cancellation Price of HK$0.85/Share (best & final) was a 46.55% premium to undisturbed. Irrevocables were secured from 8.13% of the 37.92% held by disinterested shareholders. This looked done.
The Scheme Document is now out, with a Court Meeting to be held on the 10th Jan. Expected payment on or before the 6th Feb. IFA says fair & reasonable.

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