Greatview chairman led group's possible bid for firm to not proceed

Greatview Aseptic Packaging Co

24/01/2025 10:15

Jan 24 (Reuters) - Greatview Aseptic Packaging  0468.HK 
said on Friday the potential takeover by a group of individuals
from its management team, including its chairman, will not
proceed, days after the buyout offer from its Shenzhen-listed
bidder became unconditional. 
    Shandong Newjf Technology Packaging  301296.SZ  had in May
2024 offered to buy out Greatview, a dairy packaging firm,
valuing it at HK$3.73 billion ($478.92 million). 
    

($1 = 7.7883 Hong Kong dollars)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Shreya
Biswas)
 ((Rishav.Chatterjee@thomsonreuters.com;))