Guoco (53 HK): Fourth Time's A Charm?
Conglomerate Guoco Group (53 HK) has fielded three privatisation Offers from Guoline (the Quek family) over the past twenty years.
Elliott Advisors, then holding 9.72% of shares out, backed the most recent Offer of HK$135/share in November 2018; but it was voted down at a Scheme Meeting.
Elliott has now, surprisingly, exited. This may open the door for a fourth Offer. Shares popped 14% on the news.
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