Property manager Jinke Smart Services soars on premium takeover offer

Jinke Smart Services Co

27/09/2022 07:34

** Shares of Jinke Smart Services Group Co Ltd  9666.HK 
soar as much as 33.3% to HK$12.02 in resumed trade, mark the
biggest intraday pct gain since debut in November 2020
    ** Stock of Jinke Property Group Co Ltd  000656.SZ , the
property management services arm of Jinke Smart, hit the highest
since Aug 1; biggest pct gainer on the Hong Kong bourse and the
biggest pct gainer in the Hang Seng Composite Index  .HSCI  
    ** Jinke Smart Services resumed trade in the afternoon after
trading was suspended on Sept 8 pending an announcement
    ** Jinke Smart Services says Boyu Group LLC-controlled
Thematic Bridge Investment made a general cash offer to buy all
outstanding shares in the firm at HK$12 per share, representing
a 33.04% premium over the previous close of HK$9.02 on Sept 7
 urn:newsml:reuters.com:*:nFWN30X1A9
    ** Boyu Group and its concert parties, including Jinke
Property, hold an aggregate 53.05% of the company 
    ** Stock of Shenzhen-listed Jinke Property rises 2.8%
    ** Hang Seng Mainland Properties Index  .HSMPI  gains 0.8%
while Hang Seng Composite Index on properties and construction
stocks  .HSCIPC  slips 0.1%
    ** The Hang Seng Composite Index  .HSCI  and the benchmark
Hang Seng Index  .HSI  ease 0.6% each
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))