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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Yue Yuen Industrial (Holdings) Ltd    0551   BMG988031446

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Yue Yuen Industrial : Pou Sheng receives privatisation offer at 32% premium

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01/22/2018 | 07:20am CET

[ET Net News Agency, 22 January 2018] Yue Yuen Industrial (00551) and Pou Sheng

International (03813) said Pou Chen Corporation proposes to take Pou Sheng private by way

of a scheme of arrangement.

The cancellation price of HK$2.03 per scheme share represents a a premium of about

31.82% over the closing price of HK$1.54 per Pou Sheng share. The cancellation price will

not be increased.

The proposal, as and when it is implemented, will involve Yue Yuen effectively disposing

of all its 62.41% interests in Pou Sheng in exchange for Pou Chen paying to Yue Yuen a

total of about HK$6,763 million. Yue Yuen intends to use virtually all the net proceeds

from the disposal to distribute a one-off special dividend to its shareholders, while the

rest of the net proceeds are expected to be used for general working capital purposes.

Upon the proposal becoming effective, Pou Sheng will apply to the Stock Exchange for the

withdrawal of the listing of its shares on the Stock Exchange.

Pou Chen is a controlling shareholder of Yue Yuen, indirectly holding about 49.99%

stake. Following the implementation of the proposal, Pou Chen intends that Pou Sheng will

continue to carry on its business of retailing of sportswear and distribution of licensed

products. Pou Chen intends to pursue various initiatives to adapt Pou Sheng to the

shifting market dynamics, so as to enable it to continue to be a leading sports retailer

in the PRC with great market scale and distribution potential. (HL)

(c) 2018 2017 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news on YUE YUEN INDUSTRIAL (HOLDI
07:20a YUE YUEN INDUSTRIAL : Pou Sheng receives privatisation offer at 32% premium
04:40a Chinese sportswear retailer Pou Sheng Int'l receives $1.4 billion privatisati..
01/11 YUE YUEN INDUSTRIAL : Ind 2017 net operating revenue up 7.5%
2017 YUE YUEN INDUSTRIAL : Ind 9-month profit up 4.5% to US$396m
2017 YUE YUEN INDUSTRIAL : Ind Oct net operating revenue up 9.6% to US$782m
2017 YUE YUEN INDUSTRIAL : Ind Sept net operating revenue up 14% to US$767m
2017 YUE YUEN INDUSTRIAL (HOLDINGS) LTD : ex-dividend day for interim dividend
2017 YUE YUEN INDUSTRIAL (HOLDINGS) LTD : ex-dividend day for special dividend
2017 YUE YUEN INDUSTRIAL : Ind Aug net operating revenue up 11.7% to US$761m
2017 YUE YUEN INDUSTRIAL : Ind 1H net up 4% to US$259m; div HK$3.9
More news
Financials ($)
Sales 2017 8 905 M
EBIT 2017 630 M
Net income 2017 547 M
Debt 2017 510 M
Yield 2017 15,1%
P/E ratio 2017 12,34
P/E ratio 2018 11,59
EV / Sales 2017 0,82x
EV / Sales 2018 0,78x
Capitalization 6 770 M
Chart YUE YUEN INDUSTRIAL (HOLDI
Duration : Period :
Yue Yuen Industrial (Holdi Technical Analysis Chart | 0551 | BMG988031446 | 4-Traders
Technical analysis trends YUE YUEN INDUSTRIAL (HOLDI
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 4,74 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Pei Chun Tsai Managing Director & Executive Director
Chin Chu Lu Chairman
Chi Ming Chau Director-Finance & Treasury
Yee Sik Leung Independent Non-Executive Director
Lu Min Chan Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
YUE YUEN INDUSTRIAL (HOLDINGS) LTD4.39%6 770
ADIDAS9.36%46 733
ANTA SPORTS PRODUCTS LTD6.74%13 089
PUMA AG RUDOLF DASSLER SPORT-10.47%5 990
POU CHEN CORPORATION--.--%3 882
DECKERS OUTDOOR CORP6.41%2 729