星展表示，交易价格相对于高鑫零售最后交易每股2.48港元折让29%，或对短期股价造成压力。该行指出，德弘资本将以相同条件向小股东提供现金要约，但考虑到高鑫零售最近的盈利回升及其更强的产品差异化，可能难以达到90%的私有化门槛。SUNART RETAIL (06808) rebounded over 4%, as of the time of writing, up 3.87%, quoted at 1.88 HKD, with a turnover of 66.53 million HKD.
According to the Zhitong Finance APP, SUNART RETAIL (06808) rebounded over 4%, and as of the time of this report, it was up 3.87%, priced at 1.88 Hong Kong dollars, with a trading volume of 66.53 million Hong Kong dollars.
In the news, on January 1, Alibaba announced the sale of 78.7% of its stake in SUNART RETAIL to Dehong Capital for 13.1 billion yuan. HTSC noted that the buyer for this equity transaction is a seasoned alternative Asset Management institution with rich experience in the Consumer industry, which may assist in further optimizing the company's Operation; attention will be paid to subsequent developments.
DBS stated that the transaction price represents a 29% discount compared to the last traded price of SUNART RETAIL at 2.48 Hong Kong dollars per share, which may exert pressure on the short-term stock price. The bank noted that Dehong Capital will provide a cash offer to minority shareholders under the same conditions, but given SUNART RETAIL's recent profit recovery and its stronger product differentiation, it may be challenging to reach the 90% privatization threshold.