Dida (2559 HK): Tongcheng (780 HK)'s Offer Now Open For Tendering

• Back on the 29th June 2026, ride-hailer Dida (2559 HK) announced a super clean voluntary conditional offer from Tongcheng Travel (780 HK).

• Terms were HK$2.562, a 108.3% premium to undisturbed , comprising a cash component (HK$1.3875/share) plus a special dividend (HK$1.1745/share, 20th July record date). Irrevocables cleared the minimum acceptance of 50%.

• The Composite Doc is now out. The Offer is open to tendering. The IFA says fair & reasonable.

Dida (2559 HK) is not super liquid. Look away if this is not your bag.

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The Trade:

• This is done, and rightfully trading tight.

• If not in, look elsewhere.

• Only look to enter if there is a downward blip in the following days.