David Blennerhassett, an analyst on SmartKarma.com, wrote another great analysis on China Merchants China Direct Investments (CMCDI, 133 HK).

SmartKarma.com has a paywall, so we can only quote extracts.

Commenting on the voting results at the shareholder meeting on 20 June 2024, David said:

The key takeaway here is that the majority of the [minority shareholders of CMCDI] want change.

Also:

Back in 2013, CMCDI offered to buyback 7.91mn shares (~5% of its outstanding shares) at HK$20.94/share, or a ~10% discount to the unaudited net asset value per share… The buyback was well received [by shareholders].

We, Argyle Street Management, wrote about this 2013 buyback exercise too.

We now have a WeChat ID (ASM_Argyle) and a WhatsApp number (+852 6317 6371). Chat with us.

💬 WeChat ID: ASM_Argyle

💬 WhatsApp ID: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com


SmartKarma.com的David Blennerhassett发布了另一篇关于招商局中国基金(133 HK,“中国基金”)的优秀分析。

由于SmartKarma.com是一个付费网站,因此我们只能引用一些摘录:

对于2024年6月20日股东大会上的投票结果,David评论道:

此次投票结果披露了大部分中国基金的少数股东都希望董事会有所变化。

同时

在2013年,中国基金以每股20.94港元的价格要约回购了约791万股股份(约占其5%的股份),回购价格相对于其当时每股净资产价值(NAV)折价约10%,股份回购方案在股东中广受欢迎。

我们,Argyle Street Management,也曾写过关于这次2013年股票回购的文章。

我们现在有微信账号(ASM_Argyle)和WhatsApp账号( +852 6317 6371)。如有任何问题,欢迎随时跟我们联系。

💬 微信ID: ASM_Argyle

💬 WhatsApp ID: +852 6317 6371

🖥️ UnlockValueChinaMerchants.com

📧 ChinaMerchants@asmhk.com

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