The offer to take Chinese Estates Holdings private by Hong Kong magnate Joseph Lau Luen-hung’s family was too low to accept, some shareholders said on Friday before a special general meeting where they will vote on the offer.Trading in the company’s shares was halted on Friday afternoon, according to a filing with the Hong Kong exchange. Chinese Estates dropped 0.5 per cent to HK$3.78 at the morning session close.The Lau’s family offered HK$4 (51 US cents) apiece to public investors on October…
Source : South China Morning Post
Read more…Chinese Estates privatisation offer by Joseph Lau’s family too low to accept, shareholders say















