Jinke Smart (9666 HK): Get Involved As Tendering Condition Almost Satisfied
88.68%. That’s the key number on the first closing date. And Boyu requires 90% of Jinke Smart Services (9666 HK)‘s disinterested shareholders to tender. to satisfy the tendering condition.
That’s an impressive %. This Offer will now get up. The next closing date is the 16th January, which can, if needed, be extended to the 26th January.
Trading wide to terms at 3.82% after shares curiously gained 5.4% this week. This may turn unconditional tomorrow, suggesting payment ~20th January.
The Trade:
Buy at the bell if not in.
My guess some shareholders were holding off on tendering until the first close outcome.
I wouldn’t be surprised to see this get over the line tomorrow - Monday at the latest.
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