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China Everbright unit makes offer for Ying Li
The offeror, State Alpha, plans to keep the property developer listed and so does not intend to exercise any right of compulsory acquisition
Add BT as a preferred sourcePublished Wed, Apr 3, 2019 · 09:50 PM
Singapore
A UNIT of China Everbright (CEL), State Alpha, is making a mandatory unconditional cash offer for Chongqing-based property developer Ying Li International Real Estate at S$0.14 per share.
The offer was triggered after the offeror bought about 767.1 million shares, representing about 30 per cent of the shares in the company, from Newest Luck Holdings on Wednesday.
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