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67% stake in Tianjin Zhong Xin' s controlling shareholder to be acquired for an undisclosed sum
TIANJIN Zhong Xin Pharmaceutical Group announced on Sunday that Jinhushen Biological Medical Science and Technology will be acquiring a 67 per cent stake in its controlling shareholder Tianjin Pharmaceutical Holdings for an undisclosed sum.
As at Dec 20, Tianjin Pharmaceutical Holdings holds 42.8 per cent of the total number of issued shares of Tianjin Zhong Zin.
This comes as Tianjin Pharmaceutical Holdings' owner, Tianjin Bohai State-owned Assets Management, is transferring 67 per cent of its stake in Tianjin Pharmaceutical Holdings via a public tender for sale, as part of a drive in China to reform the state-owned enterprise. Jinhushen Biological Medical Science and Technology was the only successful bidder.
Shareholders of Jinhushen Biological Medical Science and Technology are Liuliguang Medical Development Co, Shenzhen Qianhai Furong Asset Management Co, Shenzhen Ruice Biological Medical Development Co and Hainan Special Economic Zone Yousheng Enterprise Management Limited Partnership. They hold 35 per cent, 34 per cent, 16 per cent and 15 per cent equity interest respectively.
With the acquisition, the Securities Industry Council of Singapore confirmed that any person which acquires statutory control of Tianjin Pharmaceutical Holdings will be required to make an offer for shares not held by such person and its concert parties.
A mandatory cash offer &ndash known as the S Offer Shares &ndash will be required for shares listed on the Singapore Exchange not already held by offeror Tianjin Pharmaceutical Singapore International Investment and Tianjin Pharmaceutical Holdings. A separate mandatory cash offer, or the A Offer Shares, will also be made for shares listed on the Shanghai Stock Exchange.
The chain offers will not be made unless and until the acquisition is completed, and the chain offer condition is satisfied or waived.
Last week, the group' s share price surge prompted a query from the Singapore Exchange. The counter hit an intraday high of US$1.10 before easing slightly to US$1.05, up 11.7 per cent or US$0.11 before the midday break.
It continued its upward trajectory in the afternoon, rising US$0.13 or 13.8 per cent to US$1.07 as at 2.41pm, with some 5.3 million shares changing hands. Tianjin Zhong Xin later called for a trading halt.
It is G.E.M. Give Everyone Money!
Sold. Can only buy back if US china trade war settled.
China likely to lose the trade war.
China likely to lose the trade war.
Should wait for dividend or sell now? US china trade war seem will take some time to settle.......
https://research.sginvestors.io/2019/04/tianjin-zhongxin-pharmaceutical-group-corp-uob-kay-hian-research-2019-04-01.html
Drop quite badly in china today.....announce first quarter result end of April.....
Will it go up to 1.20USD? or drop further...............
Will it go up to 1.20USD? or drop further...............
https://research.uobkayhian.com/content_download.jsp?id=50164& h=b8e4ffcba1f8184a704c00fe3ba67999
Better sell stocks listed in SGX and buy stocks in other exchange.....
At rmb 15, this stock is around 0.915
It is still at 0.915 when it is trading at rmb 16.55 in shanghai. Glad that I only own little of it.
Good to delist and relist in HK for better valuation.
At rmb 15, this stock is around 0.915
It is still at 0.915 when it is trading at rmb 16.55 in shanghai. Glad that I only own little of it.
Good to delist and relist in HK for better valuation.
jamesng ( Date: 07-Mar-2019 16:44) Posted:
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http://stock.jrj.com.cn/invest/2018/05/23191524580886.shtml
today china close at 15.29 rmb, up 1.46%....
Singapore droped 1 cent as of now............
Either Singapore play catch up later or it remain depressed as compared to shanghai stock exchange.....
Will be good to delist here and list it in HK.
Singapore droped 1 cent as of now............
Either Singapore play catch up later or it remain depressed as compared to shanghai stock exchange.....
Will be good to delist here and list it in HK.
Then why Stock in SGX is stagnate or even dropping ?
jamesng ( Date: 06-Mar-2019 15:32) Posted:
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Finally close above $15 rmb without dropping.......
SSE keeping going up.....
SSE keeping going up.....
$15 rmb in shanghai exchange now...... )
Watch this stock within the next 1-2 months as China stock market in bull market currently......currently trade near to 15rmb in shanghai........
Does anyone know the website of this company? Please share it here.
Thanks.
Stock seems to be on an uptrend in shanghai.
Thanks.
Stock seems to be on an uptrend in shanghai.
Today up 4.44% in shanghai. Yesterday also up by quite a lot. Due to report result soon.
Think will move up.........drop a lot due to trade war and bad sentiment in China........this is SOE.....
Too bad, it is holiday in china for chinese new year next week.........
Think will move up.........drop a lot due to trade war and bad sentiment in China........this is SOE.....
Too bad, it is holiday in china for chinese new year next week.........
Starship ( Date: 01-Feb-2019 16:11) Posted:
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Maybe it' s a China fake Gem in disguise..................
NextEvolution ( Date: 22-Jan-2019 10:30) Posted:
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Going to report result soon.........stock rally in shanghai for the past 2 days.......
Hope is good result...........
Hope is good result...........
jamesng ( Date: 22-Jan-2019 10:25) Posted:
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Ah Tiong S-chip. Trade with great care and with steep discount to NAV/etc. Understand how these Ah Going operation modus
jamesng ( Date: 22-Jan-2019 10:25) Posted:
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Think this stock is going to drop further...... subsidary' s profit dropping a lot.....not sure the reason why?