THL - Tourism Holdings

[sammiesmiles]

Interesting to see if Sir Peters will ban the possible takeover in the future.

BTW, CITIC Captical manages $21B USD assets, which contains Alibaba, Shunfeng (One of China's leading logistic companies), McDonalds in China etc... THL is too cheap to them to acquire.

[Justin]

Hi, what you guys means of take over? how many percentage they are going to acquire?

[JeremyALD]

Hi, what you guys means of take over? how many percentage they are going to acquire?

It's speculation at this point, but if they did it could be up to 100% of the company.

Question for you more experienced, if there was a hostile takeover action what percentage of shareholders need to accept for it go through?

[winner69]

It's speculation at this point, but if they did it could be up to 100% of the company.

Question for you more experienced, if there was a hostile takeover action what percentage of shareholders need to accept for it go through?

Over 90% acceptance and they can compulsory acquire the other 10% from the laggards

Might be happy with 11% ....might only want 20% ....as a small investment


Who knows but lets speculate they want the whole company

[arc]

Over 90% acceptance and they can compulsory acquire the other 10% from the laggards
Might be happy with 11% ....might only want 20% ....as a small investment

Who knows but lets speculate they want the whole company

is that company... or country?.

[mondograss]

Companies office shows 17.11% held by National Nominees and 6.67% by ACC. Not sure how up to date that is but depending on who National Nominees are they could block a full takeover reaching 90%.

[Balance]

is that company... or country?.

Haha - with total assets of HK$7.238T (yes, NZ$1.35 trillion), they can certainly buy up most of NZ.

Certainly the whole of the NZX listed companies many many times over.

But who would want to?

Simply takeover the good companies and leave the NZX to its Snakk, Chow Group, Veritas, Plexxxure, PEB, PIL, BLT etc etc.

[percy]

Haha - with total assets of HK$7.238T (yes, NZ$1.35 trillion), they can certainly buy up most of NZ.

Certainly the whole of the NZX listed companies many many times over.

But who would want to?

Simply takeover the good companies and leave the NZX to its Snakk, Chow Group, Veritas, Plexxxure, PEB, PIL, BLT etc etc.

We live in interesting times.....Scary.

[Justin]

Good Morning All，Did they start buying any other companies of NZ? or only THL right now.

[Justin]

CITIC Group Corporation Ltd., formerly the China International Trust Investment Corporation, is a state-owned investment company of the People's Republic of China, established by Rong Yiren in 1979 with the approval of Deng Xiaoping.[2] Its headquarters are in Chaoyang District, Beijing.[3] As of 2017, it is one of China's biggest conglomerates, with one of the largest foreign assets in the world.[4]

https://en.m.wikipedia.org/wiki/CITIC_Group