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Article Date: January 2018
Word Count: 352

Pou Sheng Gets Takeover Offer from Pou Chen


The Mainland China retailer, which is 62.4% controlled by Yue Yuen which is in turn controlled by Pou Chen and the Tsai family, will go private under terms of a NK$11 billion (US$1.4 bb) takeover offer that Pou Sheng says is needed so that the retailer can make significant investments in its business to deal with the disruption in the market from e-commerce and a more promotional environment. A similar justification was used last year by China’s largest sneaker retailer, Belle, to take that company private.

 

The actual offer of HK$2.03 per share represented a 31.8% premium over the most recent ... Log in to view full article.

 


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