Tack Hsin restructures acquisition to issue $120m CB convertible at $1.20.
Company announcement, 29-Dec-2010
The original deal was announced on 23-Dec-2010. The name of the vendor's owner is now disclosed as Ms Jiang Hailing, but we know nothing about her.

• Orgs
  • China Nuclear Energy Technology Corporation Limited
• People
  • Jiang, Hailing

Tack Hsin proposes acquisition for HK$120m plus 100m warrants exercisable at $1.20
Company announcement, 23-Dec-2010
The target will own 15% of a pipe maker. The warrants are exercisable at a 61.66% discount to the market price of $3.13, so they have an intrinsic value of $193m, making a total purchase price of at least $313m. The pro rata share of underlying net profits is only RMB3.66m. The owner of the BVI vendor is not disclosed.

• Orgs
  • China Nuclear Energy Technology Corporation Limited