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15-05-2013, 10:19 PM
Most unfortunate that the acquisition did not pan out but I guess they have their reasons. Long time shareholders will not be surprised - prior the GFC, there were negotiations to acquire stakes in 2 BOT toll road projects. CM Pacific was supposed to invest RMB 1.21 billion for a 70% stake in Zhengshao Expressway and RMB 0.60 billion for a 60% stake in Denggong Expressway. Neither of the acquisitions were completed.
http://www.finanznachrichten.de/pdf/2007...F19A.1.pdf [M&A Announcement]
http://info.sgx.com/webcoranncatth.nsf/V...9002CB924/$file/Termination_of_heads_of_agreement.pdf?openelement [Termination]
Lets see whether Mr Market will react to the news tomorrow.
(Vested)
http://www.finanznachrichten.de/pdf/2007...F19A.1.pdf [M&A Announcement]
http://info.sgx.com/webcoranncatth.nsf/V...9002CB924/$file/Termination_of_heads_of_agreement.pdf?openelement [Termination]
Lets see whether Mr Market will react to the news tomorrow.
(Vested)
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