JCDecaux: takes stake in Clear Media Limited
(CercleFinance.com) - JCDecaux has announced the acquisition of a minority stake in Clear Media Limited, part of a consortium that formed an ad hoc vehicle to submit a conditional takeover bid to acquire the entire capital of the Hong Kong-listed company.
The offer price of 7.12 Hong Kong dollars per share represents a total of 3,857 million Hong Kong dollars for all Clear Media shares, of which 23%, or 887 million Hong Kong dollars, was paid by JCDecaux.
The consortium consists of Han Zi Jing, Chairman and CEO of Clear Media, who holds 40%, Antfin (Hong Kong) Holding Limited (30%), JCDecaux (23%) and China Wealth Growth Fund III (7%).
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The offer price of 7.12 Hong Kong dollars per share represents a total of 3,857 million Hong Kong dollars for all Clear Media shares, of which 23%, or 887 million Hong Kong dollars, was paid by JCDecaux.
The consortium consists of Han Zi Jing, Chairman and CEO of Clear Media, who holds 40%, Antfin (Hong Kong) Holding Limited (30%), JCDecaux (23%) and China Wealth Growth Fund III (7%).
Copyright (c) 2020 CercleFinance.com. All rights reserved.