Yingde’s Chances of Takeover by PAG Improve After EGM: Lucror
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2168 HK (Yingde Gases Group Co Ltd)
APD US (Air Products & Chemicals Inc)
People
Mervyn Teo (Lucror Analytics Pte Ltd)
Zhao Xiangti (Yingde Gases Group Co Ltd)
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UUID: 7947283
(Bloomberg) -- With Chairman Zhao Xiangti out of the picture and the board heading for a reshuffle, the probability of a successful takeover has “significantly improved,” says Mervyn Teo, a credit analyst at Lucror Analytics.
- PAG will now push to complete the transaction, he says
- Lucror recommends investors hold Yingde notes
- NOTE: Yingde Gases shareholders voted in favor to remove Zhao, He Yuanping and three others from the board in an extraordinary general meeting Wednesday, according to statement to the Hong Kong stock exchange
- Earlier stories:
- Yingde investors said to reject proposal to oust Sun, Strutt
- Yingde chairman’s deal with PAG hurts auction, founder says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
2168 HK (Yingde Gases Group Co Ltd)
APD US (Air Products & Chemicals Inc)
People
Mervyn Teo (Lucror Analytics Pte Ltd)
Zhao Xiangti (Yingde Gases Group Co Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283