CPMC (906 HK): Champion's Offer Now Open. But All Eyes On ORG's Tilt

Jul 30, 2024

∙ Paid

Back on the 6th December 2023, packaging play CPMC Holdings (906 HK) announced a pre-conditional Offer of $6.87/share, in cash, from SASAC/NCSSF-backed Champion.
The Offer Document is now out. This is not a Composite Document. A "Response Document" is expected in two weeks, which will include the IFA opinion.
All the above is moot. ORG Technology Co., Ltd. A (002701 CH)'s superior HK$7.21/share Offer is currently navigating the necessary regulatory approvals. With irrevocables, ORG has 46.44% in the bag.

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