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TAM JAI INTL Opens Up 64%+ After Resuming Trading; Major Shareholder Proposes Privatization at $1.58 Per Shr
Recommend 33 Positive 29 Negative 29 |
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After resuming trading this morning (18th), TAM JAI INTL (02217.HK) opened rallying 64.44% and hit a peak of $1.49. It last traded at $1.47, up 63.33%, on a volume of 9.336 million shares, involving $13.7671 million. TAM JAI INTL issued an announcement on the Hong Kong Stock Exchange on Monday (17th) stating that Toridoll, its major shareholder holding 74.26% of shares, proposed a privatization offer with a cash offer price of $1.58 per share, representing a 75.56% premium over the pre-suspension price, involving a maximum cash consideration of around $556 million. Upon the scheme becoming effective, TAM JAI INTL will make an application for the listing of its shares to be withdrawn from the Hong Kong Stock Exchange. AAStocks Financial News |
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