(Bloomberg) -- A shareholder of China Oriental Group
Co., a Chinese steelmaker, said it plans to buy out the Hong
Kong-listed company because of it's ``dissatisfied'' with the
management's performance.
Smart Triumph Corp., which owns 28 percent of the Hong Kong-
listed company, is offering HK$18 in cash and two exchangeable
bonds for every 9 China Oriental shares held by existing
shareholders, Smart Triumph said in an announcement published in
Hong Kong's the Standard newspaper today.
Read more at Bloomberg Bonds News
Co., a Chinese steelmaker, said it plans to buy out the Hong
Kong-listed company because of it's ``dissatisfied'' with the
management's performance.
Smart Triumph Corp., which owns 28 percent of the Hong Kong-
listed company, is offering HK$18 in cash and two exchangeable
bonds for every 9 China Oriental shares held by existing
shareholders, Smart Triumph said in an announcement published in
Hong Kong's the Standard newspaper today.
Read more at Bloomberg Bonds News
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