Ju Teng International (3336 HK): Possible Takeunder, IF An Offer Unfolds
Ju Teng International (3336 HK), a notebook-computer casing maker, is currently suspended pursuant to the Takeovers Code.
Ju Teng, which hasn’t returned a profit since FY22, is up 92% since Mar-end, and 40% this week alone, on decent volume. Textbook news leak there. And perhaps short covering.
My bet is that the controlling shareholder, the Cheng family, are exiting. This or may, or may not, lead to a MGO/Scheme. IF an Offer unfolds, expect a takeunder.
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