Haitong Int'l Securities (665 HK): Possible Offer From Parent

Sep 27, 2023

∙ Paid

Haitong International Securities Group (665 HK) (HITSEC) is suspended pursuant to Hong Kong's Code on Takeovers and Mergers.
The rumour doing the rounds is that Haitong Securities Co Ltd (A) (600837 CH) (HSC) may take private its 73.4%-held Hong Kong-listed investment banking unit.
HITSEC's share performance since 1Q18 has been tragic. Financials have been dire since 2H20. But expect a punchy premium if HTS does seek to take HITSEC private.

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