{"id":64860,"date":"2017-08-29T15:31:21","date_gmt":"2017-08-29T08:31:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-department-stores-privatisation-plan-fails-to-garner-required-support-from-shareholders\/"},"modified":"2017-08-29T15:39:30","modified_gmt":"2017-08-29T08:39:30","slug":"new-world-department-stores-privatisation-plan-fails-to-garner-required-support-from-shareholders","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-department-stores-privatisation-plan-fails-to-garner-required-support-from-shareholders\/","title":{"rendered":"New World Department Store\u2019s privatisation plan fails to garner required support from shareholders"},"content":{"rendered":"


\nPlans by the parent firm of New World Department Store China to take it private for HK$934.5 million have failed, after not managing to garner enough support from independent shareholders for a full buyout of the operation.
\nBy the end of its final closing date on Monday, New World Department Store had received valid acceptances representing 83.90 per cent of shares owned by independent shareholders, just shy of the 90 per cent required to proceed under company law.
\nThus \u201cthe offer has not…
\n
\nSource : South China Morning Post
\nRead more…New World Department Store\u2019s privatisation plan fails to garner required support from shareholders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Plans by the parent firm of New World Department Store China to take it private...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-64860","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-gS8","jetpack-related-posts":[{"id":69260,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-future-lands-us650-million-privatisation-bid-rejected-by-shareholders\/","url_meta":{"origin":64860,"position":0},"title":"Chinese developer Future Land\u2019s US$650 million privatisation bid rejected by shareholders","date":"October 17, 2017","format":false,"excerpt":"\r Chinese billionaire developer Wang Zhenhua\u2019s HK$5.1 billion (US$650 million) bid to take his Hong Kong-listed real estate company Future Land Development private failed after shareholders rejected the buy-back offer because they believed the company is worth more. The property company scrapped its privatisation proposal after more than 10 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-estates-privatisation-offer-by-joseph-laus-family-too-low-to-accept-shareholders-say\/","url_meta":{"origin":64860,"position":1},"title":"Chinese Estates privatisation offer by Joseph Lau\u2019s family too low to accept, shareholders say","date":"December 17, 2021","format":false,"excerpt":"\r The offer to take Chinese Estates Holdings private by Hong Kong magnate Joseph Lau Luen-hung\u2019s 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\u2019s shares was halted on Friday afternoon, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23139,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pwc-appointed-ifa-to-sim-lian-privatisation\/","url_meta":{"origin":64860,"position":2},"title":"PwC appointed IFA to Sim Lian privatisation","date":"August 17, 2016","format":false,"excerpt":"\r PwC will advise the company\u2019s independent directors in relation with the voluntary conditional cash offer for the company. \u00a0 PricewaterhouseCoopers (PwC) has been appointed by Sim Lian Group (SLG) as its independent financial adviser (IFA) to advise the independent directors in relation with the voluntary conditional cash offer for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50734,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tee-international-ceo-to-privatise-company\/","url_meta":{"origin":64860,"position":3},"title":"Tee International CEO to privatise company","date":"April 3, 2017","format":false,"excerpt":"\r Privatisation of the company is expected to provide greater operational flexibility to the group. Tee International\u2019s Chief Executive and Managing Director Phua Chian Kin has offered to take the company private through a scheme of arrangement. With the offer made via Oscar Investment, Tee shareholders under the proposed scheme\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-to-buy-out-its-china-retail-unit-in-hk934-5-million-privatisation-plan\/","url_meta":{"origin":64860,"position":4},"title":"New World to buy out its China retail unit in HK$934.5 million privatisation plan","date":"June 7, 2017","format":false,"excerpt":"\r New World Development Co., the holding company of the Cheng family, one of the wealthiest in Hong Kong, will buy out a retail unit that operates department stores in mainland China in a HK$934.5 million (US$119.90 million) privatisation plan. New World Development will offer HK$2 per share to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wanda-commercial-shares-surge-20-per-cent-after-it-proposes-privatisation\/","url_meta":{"origin":64860,"position":5},"title":"Wanda Commercial shares surge 20 per cent after it proposes privatisation","date":"March 31, 2016","format":false,"excerpt":"\r Dalian Wanda Commercial Properties saw its shares jump more than 20 per cent in the morning session after it proposed a potential privatisation and delisting from the Hong Kong exchange.\r \r Source : South China Morning Post\r Read more...Wanda Commercial shares surge 20 per cent after it proposes privatisation","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/64860"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=64860"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/64860\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=64860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=64860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=64860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}