Business Services Industry
Kerry Properties shareholders reject parent's buyout offer.
Australasian Business Intelligence, July, 2003
Jul 24, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)
Shareholders have rejected a $HK3.57 billion plan to privatise property developer Kerry Properties Limited. The $HK9.50-a-share offer was voted against by 56 per cent of minority shareholders, with that representing a 47 per cent discount to its $HK17.94-a-share net asset value. Recent privatisation plans of Tai Ping Carpets International Limited and Pacific Concord Holdings have also foundered.
Publication Date: 23 July 2003
KERRY PROPERTIES LIMITED:
KERRY HOLDINGS LIMITED:
TAI PING CARPETS INTERNATIONAL
LIMITED:
PACIFIC CONCORD HOLDINGS LIMITED
By Chan Ka Sing
All copyright subsisting under the Copyright Act 1968 (Commonwealth) resides in us. ...
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