6.95%. That’s the key number at yesterday’s Scheme Meeting for Hangzhou Kangji Medical Instrument Co., Ltd. (9997 HK).
That’s still below the 10% blocking stake. But closer than the bankers and the market was anticipating.
Arguably, the terms were therefore bang on. Last day of trading is today, with payment on the 16th December.
The Trade:
Done & dusted.
This will trade at or close to terms.
Cash out or wait for payment.
If not in, perhaps run a ruler over Kangji’s peers.
