News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
SUNART RETAIL Opens 25%+ Higher After Resumption of Trading as 3rd-party Approach Letter for Intentional Takeover Offer Received
SUNART RETAIL (06808.HK) received an approach letter from an independent third-party potential offeror (Potential Offeror) indicating an intention to make a pre-conditional volunta...
Reset
Send
The window will close in 5 seconds
SUNART RETAIL Opens 25%+ Higher After Resumption of Trading as 3rd-party Approach Letter for Intentional Takeover Offer Received
Close
Recommend
27
Positive
50
Negative
12
 
SHORT SELL
 
STOCK INFO

SUNART RETAIL (06808.HK)  -0.040 (-1.869%)    Short selling $1.93M; Ratio 6.934%   received an approach letter from an independent third-party potential offeror (Potential Offeror) indicating an intention to make a pre-conditional voluntary conditional offer (Possible Offer) for all the issued shares of the Company, according to SUNART RETAIL's announcement.

Discussions between Alibaba Group, a substantial shareholder of the Company, and New Retail Strategic Opportunities Investments 1 Limited and the Potential Offeror as to the key terms of the Possible Offer are ongoing; and Alibaba Group is also in discussions with several other parties.

Related NewsHSBC Research: Double 11 Growth Accelerates from 618 as Alibaba (BABA.US)/ JD.com (JD.US) Gain Mkt Shrs
Currently, Alibaba Group, through its wholly-owned subsidiaries, A-RT Retail Holdings and Taobao China, holds 73.66% of the Company's share capital, and New Retail Strategic Opportunities Investments 1 Limited holds approx. 5.04% of the Company's share capital.

SUNART RETAIL, which has been suspended from trading since 27 September, resumed trading in its shares this morning (16th), and opened 25.1% higher at $2.24, with a pre-market turnover of $5.592 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-13 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.