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    43   BMG715071343

C.P. POKPHAND CO. LTD.

(43)
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CPF Investment Limited agreed to acquire an additional 25.26% stake in C.P. Pokphand Co. Ltd. (SEHK:43) for HKD 7 billion.

09/30/2021 EST

CPF Investment Limited agreed to acquire an additional 25.26% stake in C.P. Pokphand Co. Ltd. (SEHK:43) for HKD 7 billion on September 30, 2021. As per the transaction, CPF Investment Limited to acquire 6.08 billion shares at HKD 1.15 per share by way of a scheme of arrangement. Post completion, CPF Investment Limited will hold 18.05 billion shares representing 75% stake of C.P. Pokphand Co. Ltd. The combination of internal cash resources and external debt financing will be used for financing the transaction. Post completion, C.P. Pokphand will make an application to the Stock Exchange for the withdrawal of the listing of the Shares. The transaction is subject to obtaining approval from not less than 75% shareholders of C.P. Pokphand Co. Ltd., sanctioned of the scheme by court and other conditions. The Board of Directors of Charoen Pokphand Foods Public Company Limited (SET:CPF), parent of CPF Investment Limited has approved the transaction. The Independent Board Committee, which comprises Cheng Yuk Wo and Udomdej Sitabutr, being all of the non-executive Directors has been established by the Board of C.P. Pokphand to make a recommendation to the Shareholders. Board committee based on the advise from financial advisor recommends shareholders to vote in favour of the scheme. As of December 15, 2021, shareholders of C.P. Pokphand approved the Scheme. As of January 7, 2022, Scheme was sanctioned without modification by the Supreme Court of Bermuda. Scheme will become effective on Friday 14, 2022. Long Stop date of the transaction is February 28, 2022. Ballas Capital Limited acted as financial advisor to the board committee of C.P. Pokphand. UBS AG, Hong Kong Branch acted as financial advisor to CPF Investment Limited. Computershare Hong Kong Investor Services Limited and MUFG Fund Services (Bermuda) Limited acted as registrars to C.P. Pokphand.


ę S&P Capital IQ 2021
All news about C.P. POKPHAND CO. LTD.
01/16CP Pokphand to Delist from Hong Kong Bourse as $899 Million Privatization Becomes Effec..
MT
2021C.P. POKPHAND CO. LTD.(SEHK : 43) dropped from S&P Global BMI Index
CI
2021CP Pokphand Shareholders to Vote Dec. 15 on $899 Million Go-Private Offer
MT
2021Telenor and CP Group in $8.6 bln merger of Thai telecom units
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2021CP Pokphand Turns to Loss in January-September on Higher Expenses
MT
2021C.P. Pokphand Co. Ltd. Reports Earnings Results for the Nine Months Ended September 30,..
CI
2021C P POKPHAND : CP Pokphand Delays Distribution of Circular on $899 Million Go-Private Deal
MT
2021C P POKPHAND : to Swing to Loss in January-September
MT
2021C.P. Pokphand Co. Ltd. Revises Consolidated Earnings Guidance for the Nine Months Perio..
CI
2021C.P. POKPHAND CO. LTD. : Ex-dividend day for interim dividend
FA
More news
Financials (USD)
Sales 2021 4 453 M - -
Net income 2021 349 M - -
Net Debt 2021 - - -
P/E ratio 2021 14,6x
Yield 2021 -
Capitalization 3 701 M 3 707 M -
Capi. / Sales 2021 0,83x
Capi. / Sales 2022 0,77x
Nbr of Employees 37 000
Free-Float 24,8%
Chart C.P. POKPHAND CO. LTD.
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C.P. Pokphand Co. Ltd. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,15 $
Average target price 0,12 $
Spread / Average Target -16,5%
EPS Revisions
Managers and Directors
Shan Lin Bai Executive Director & CEO-China Area
Bo Wai Chang Chief Financial Officer
Soopakij Chearavanont Chairman
Vinai Vittavasgarnvej Independent Non-Executive Director
Vatchari Vimooktayon Independent Non-Executive Director