Dickson Concept (113 HK): More Minority Teeth Bared As Another Scheme Fails
Three for three. Three low-balled Hong Kong Offers, by way of Schemes, have now lapsed over the past ten weeks.
Both Goldlion Holdings (533 HK) and Soundwill Holdings (878 HK) spectacularly failed back in May.
Now Dickson Concepts Intl (113 HK) has followed suit. But the vote was (much) closer than it should have been.
Dickson Concepts is super illiquid - look away now if this is not your bag.
The NEW News
After Goldlion (533 HK)'s and Soundwill Holdings (878 HK)'s Schemes failed, my view in Dickson Concept (113 HK): 18th July Vote On Poon's Low-Balled Offer was that Dickson Concepts Intl (113 HK) appeared destined to be the next cab off the rank. And fail it did.
But in stark contrast to Goldlion and Soundwill, Dickson minorities did clear one of the dual-limbed Scheme condition, the ≥ 75% FOR; yet failed the "not more than 10% of ALL Independent Shares against" condition.
But it was super close.
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