Shengjing Bank (2066 HK): 21st Oct Vote On Bailout
On the 26th August, rural commercial bank Shengjing Bank Co Ltd H (2066 HK) announced a HK$1.32/Share Offer, a pretty tragic 86.49% discount to NAV.
On the 12th September, the Offeror bumped terms to HK$1.60 (best & final). That's a 40.5% premium to undisturbed, but still a 83.96% discount to NAV.
The Composite Document's now out, with a H-share class meeting on the 21st October. The IFA (Gram Capital) says "fair & reasonable". To be expected.
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