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[Brokerage Focus] CITIC Securities cuts Canvest Env's (01381) target price by 4.5% and downgrades rating to "Neutral".
According to the research report released by Zhongtai International, a consortium led by Grandblue Environment (600323 CH) proposed to privatize Canvest Env (01381) at HKD 4.90 per share. If implemented, Grandblue Environment will hold 92.77% of the total share capital of the company, while the existing controlling shareholder (Ms. Li Yongyi and its affiliates) will retain the remaining 7.23%. Grandblue Environment stated that the offer price will not be increased. Meanwhile, Canvest Env will sell assets to the existing controlling shareholders. The bank pointed out that aside from the privatization matter, the company has lacked new garbage power generation projects in recent years due to the mature development of the industry. On the other hand, the company has actively developed its
Canvest Env (01381) obtained a premium of approximately 11.62% for the privatization of Grandblue Environment (600323.SH).
Canvest env (01381) and the offeror Han Lan (Hong Kong) Environmental Investment Co., Ltd. jointly announced that the offer will expire on July 15, 2024.
Hailan (Hong Kong) Environment plans to privatize Canvest Env (01381.HK) through an agreement arrangement.
Canvest Env (01381.HK) announced on July 22 that the offeror Hanlan (Hong Kong) Environmental Investment Co., Ltd. and the company jointly announced that on July 22, 2024, the offeror requested that the board of directors propose privatization according to Article 86 of the Company Law in the form of an agreement arrangement to the planned shareholders, subject to the fulfillment of the prerequisites. The proposal must wait for the fulfillment of the prerequisites. The proposal (if presented) and the plan will only take effect after the fulfillment or exemption of the conditions (if applicable) and will be binding on the company and all the planned shareholders. If the proposal is approved and implemented, according to the plan, the company will be
Canvest Environmental Protection (01381) and its affiliates have entered into a series of share purchase agreements with Zhenda, which will help to reallocate resources and streamline asset scale.
Canvest Env (01381) announced that on July 22, 2024 (after the trading session), Canvest Technology (a subsidiary)...
Express News | Canvest Environmental Protection - Unit to Sell Entire Equity Interests in Kk VII (BVI) and Kk Viii (BVI) for HK$165 Mln
Express News | Canvest Environmental Protection - to Sell Entire Equity Interests in Canvest Technology for HK$30 Mln
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