Hong Kong/China M&A/Events

Hong Kong/China M&A/Events

Tam Jai (2217 HK): Toridoll (3397 JP)'s Excellent Offer

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Quiddity Research
Feb 18, 2025
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  • After Tam Jai (2217 HK) was suspended, in Tam Jai (2217 HK) Suspended: Expect Toridoll (3397 JP) To Make An Offer I expected an Offer from TORIDOLL Holdings (3397 JP).

  • I also thought an Offer price ~HK$1.50/share would be welcome, but wasn't hopeful. We got both - a Scheme from Toridoll at HK$1.58/share (best & final).

  • Clean deal. Just a question of timing. Docs may be delayed to incorporate FY25E (Mar Y/E) financials.

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