Company ), a leading e-commerce and financial services business process outsourcing (
BPO ) service provider in China, today announced that it has entered into a definitive Agreement and Plan of Merger (the
Merger Agreement ) with Taiying Group Ltd. (
Parent ) and Taiying International Inc. (
Merger Sub ), a wholly-owned subsidiary of Parent.
Pursuant to the Merger Agreement, Parent will acquire the Company for a cash consideration equal to US$6.50 per share of the Company (each, a
Share ). This amount represents a premium of 37.7% over the Company s closing price of US$4.72 per Share on November 27, 2020, the last trading day prior to November 30, 2020, the date that the Company announced it had received a going-private proposal, and a premium of 37.8% to the volume-weighted average closing price of the Company s Shares during the 60 trading days prior to November 30, 2020. This amount also represents an increase of approximately 21.0% over the US$5.37 per Share initi
China Customer Relations Centers, Inc Enters into Definitive Merger Agreement for Going Private Transaction
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(Feb 8): Hong Kong’s stock traders are about to find out whether the US$7.1 trillion market can hold its own without its biggest source of flows.
Starting Tuesday, trading links via Hong Kong’s exchange operator allowing mainland traders to buy domestic stocks will halt through Feb. 17th due to the Lunar New Year holiday. The stock connect closure will slam the brakes on record levels of inflows that helped propel Hong Kong’s equities market to its best start to a year since 1985.
Investors north of the border turned bargain hunters in late 2020 after valuations in some sectors onshore reached the highest in more than a decade. Mainland investors net bought a total of nearly US$48 billion worth of Hong Kong stocks in the first five weeks of this year, which is already more than half of 2020’s total.
(Bloomberg) Hong Kong’s stock traders are about to find out whether the $7.3 trillion market can hold its own without its biggest source of flows.Starting Tuesday, trading links via Hong Kong’s exchange operator allowing mainland traders to buy domestic stocks will halt through Feb. 17 due to the Lunar New Year holiday. The stock connect closure will slam the brakes on record levels of inflows that helped propel Hong Kong’s equities market to its best start to a year since 1985.Investors north of the border turned bargain hunters in late 2020 after valuations in some sectors onshore reached the highest in more than a decade. Mainland investors net bought nearly $48 billion worth of Hong Kong stocks in the first five weeks of this year, which is already more than half of 2020’s total. They continued buying the city’s stocks on Monday, with net purchases at HK$12 billion ($1.5 billion).“We think it might be worthwhile to take some profit ahead
<p><span>Please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Wednesday, 20 January 2021 (including the mandatory intra-day variation adjustment and margin call, if applicable), the margin levels of the following Futures Contract will be revised and can be found </span><a title="here" href="https://www.hkex.com.hk/Services/Clearing/Listed-Derivatives/Risk-Management/Margin/Margin-Tables/HKCC?sc lang=en">here</a><span>.</span></p>
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