Market Reactions to Taishin and Shin Kong Gold’s Merger: Inventory Fluctuations and Future Prospects

(Quantity and worth up to date at 2:20 pm)

Two emotions! Shin Kong Gold (2888) and Taishin Gold (2887) have been suspended for someday yesterday (twenty second) to announce a “new merger”. Buying and selling resumed in the present day (twenty third). later expanded to 7%. delivered the products in the present day, and its inventory worth continued to fall by 1%.

Prolonged studying》 “New new union” comes true! Taishin Monetary Holdings shall be renamed “Taishin Shin Kong Monetary Holdings”

Xinxin and cease buying and selling resume! Shin Kong Gold exploded with 1.26 million items, and the brand new gold on the Xintian assortment platform elevated by 3%. Picture/Offered by Taishinjin

Shin Kong Gold opened at 11.8 yuan this morning and fell as little as 11.65 yuan, down 7%. 12.45 yuan, and eventually exploded with a brand new quantity of 1.26 million leaflets; Nonetheless, Taishin Gold, which is able to live on, confirmed progress, and eventually closed at 19.4 yuan, up about 3.2%. CITIC Jinchuan is scheduled to introduce a package deal in the present day, and its inventory worth continued to fall to shut at 33.1 yuan, down 1.05%.

Yesterday, the board of administrators of Shin Kong Gold and Taishin Gold accepted a 100% share change merger with Shin Kong Gold The share change ratio was 0.6022 extraordinary shares of Taishin Gold for one share of Shin Kong Gold yuan the day earlier than the buying and selling suspension, all Taishin Gold share 0.6022 extraordinary shares are exchanged for 1 Shin Kong Gold share, 18.8 * 0.6022 = 11.3213 yuan. Immediately, Shin Kong Gold dropped as soon as to 11.65 yuan after the opening Nonetheless, as Taishin Gold moved increased in direction of 20 yuan, and the affordable worth elevated, Shin Kong Gold converged its mid-term decline and moved nearer to the market flat. On the finish of buying and selling, a whopping 1.26 million playing cards have been bought, up from the 980,000 playing cards earlier than the suspension, setting a brand new document.

Taishin Gold rose all the way in which on the opening, reaching 19.45 yuan, a rise of greater than 3%. The inventory worth of CITIC Finance, one other main male actor who took a bride, continued to fall in the present day After opening at 33.4 yuan, Xiaohei as soon as fell beneath 33 yuan, a lower of lower than 1.5%.

After the merger, Taishin Monetary Holdings would be the fourth largest monetary holding firm and should go the ten/9 extraordinary shareholders assembly first.

Taishin Monetary introduced yesterday that on this merger, Taishin Monetary would be the surviving firm and Shin Kong Monetary would be the firm much less the fourth largest monetary holding firm in Taiwan and one of many high 20 firms within the Taiwan inventory market by way of market capitalization. Nonetheless, this case has not but been mentioned and accepted at a unprecedented shareholders’ assembly on October 9, after which the bottom date of the merger shall be set after approval by the Monetary Supervisory Committee.

CITIC Finance’s buy worth for parcel supply in the present day turns into key

In accordance with the overall procedures of the shareholders’ assembly, the final switch day shall be round September tenth Beforehand, the board of administrators of CITIC Finance handed a hostile merger to “rob” Shin Kong Gold Immediately, it’s reported that the doc shall be formally submitted to the Supervisory Committee Monetary It’s anticipated that the worth shall be increased than Taishin Monetary’s situations are favorable to win the assist of small shareholders and vote towards it on the extraordinary shareholders’ assembly, it should talk with the Monetary Supervisory Committee first, and there’s a ready interval of 15 days It could be tough to catch as much as the ultimate assembly Casting a adverse vote on the extraordinary shareholders’ assembly on switch day will in the end rely on the selection of small shareholders, and the angle of the Monetary Supervisory Committee would be the decisive key.

Wu Dongliang calls on small shareholders to not promote shares and appears ahead to subsequent yr

Taishin Gold Chairman Wu Dongliang additionally known as on small shareholders to not promote shares in a press convention yesterday night. He burdened that the merger of the 2 firms is totally according to “equal merger, shared duties, and shared outcomes.” famous “huge brother” and the founding father of Shin Kong Gold Because the well-known Wu Dongjin mentioned, “When brothers climb mountains, they’re one step nearer to reaching the highest.” He requested shareholders for his or her assist and waited for the consequences of the merger to look subsequent yr. He mentioned Shin Kong Gold’s inventory worth was simply over 7 yuan up to now Because it was introduced in April that the 2 events would focus on a merger, the inventory worth has risen greater than 20%, and the premium has to switch. to small shareholders, which signifies that shareholders have benefited.

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