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Detail

Soho China Shares Dive up to 40% as Blackrock Takeover Fails

By Gina Lee AiVIF.com – Soho China Ltd.'s (HK:0410) Hong Kong shares plummeted after a $3 billion takeover bid by Blackstone Group Inc. (NYSE:BX) ended in failure. Shares...
Soho China Shares Dive up to 40% as Blackrock Takeover Fails © Reuters.

By Gina Lee

AiVIF.com – Soho China Ltd.'s (HK:0410) Hong Kong shares plummeted after a $3 billion takeover bid by Blackstone Group Inc. (NYSE:BX) ended in failure.

Shares plummeted 34.86% to HK$2.28 ($0.29) by 1:02 AM ET (5:02 AM GMT) on Monday, after falling up to 40% earlier in the session.

Blackstone’s decision against moving ahead with the acquisition was Soho’s second failed attempt in selling itself. Progress in satisfying Blackstone’s preconditions of the offer was insufficient, Soho said in a statement to the Hong Kong Stock Exchange on Friday in explaining the reason behind the failure.

On the market since early 2020, Soho was banking on profits from a sale to help ease the pressure from a lack of new pipeline assets and declining office rents in key Chinese cities on its profits. It is also dealing with an intensifying crackdown on developers that are leaving them with tight liquidity positions.

Blackstone made an offer to acquire Soho for as much as HK$23.7 billion, or $3.05 billion subject to regulatory approval, in June 2021. China’s State Administration for Market Regulation formally accepted the deal for review in August 2021.

The HK$5 per-share offer in June, representing a 31.6% premium, was announced by Blackrock (NYSE:BLK) in June 2021. Blackrock and Soho concluded that the pre-conditions could not be satisfied before the long-stop date, but the date would not be extended, the statement said.

Founded by Chairman Pan Shiyi and Chief Executive Officer Zhang Xin in 1995, Soho’s key assets include the Bund SOHO and Wangjing SOHO office buildings in Shanghai and Beijing respectively.

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24-09-2021 15:22:56 (UTC+7)

EUR/USD

1.1733

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (10)

EUR/USD

1.1733

-0.0003 (-0.03%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (10)

GBP/USD

1.3705

-0.0011 (-0.08%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (7)

USD/JPY

110.34

+0.04 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

AUD/USD

0.7274

-0.0021 (-0.29%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (4)

USD/CAD

1.2690

+0.0035 (+0.28%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

EUR/JPY

129.46

+0.01 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (8)

EUR/CHF

1.0845

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Gold Futures

1,756.75

+6.95 (+0.40%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (1)

Silver Futures

22.670

-0.009 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (3)

Copper Futures

4.2200

-0.0110 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Crude Oil WTI Futures

73.38

+0.08 (+0.11%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (2)

Brent Oil Futures

77.49

+0.24 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

5.050

+0.074 (+1.49%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

US Coffee C Futures

193.93

+2.95 (+1.54%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (11)

Sell (0)

Euro Stoxx 50

4,154.25

-40.67 (-0.97%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,448.98

+53.34 (+1.21%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

DAX

15,513.15

-130.82 (-0.84%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

FTSE 100

7,047.45

-30.90 (-0.44%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Hang Seng

24,130.00

-380.98 (-1.55%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

US Small Cap 2000

2,259.80

+41.24 (+1.86%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

IBEX 35

8,840.50

-36.40 (-0.41%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

BASF SE NA O.N.

63.690

-0.230 (-0.36%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (2)

Bayer AG NA

46.49

+0.01 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

Allianz SE VNA O.N.

192.50

+0.98 (+0.51%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

278.45

-10.53 (-3.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Deutsche Lufthansa AG

6.203

+0.002 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

148.64

-1.58 (-1.05%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (0)

Deutsche Bank AG

10.710

+0.055 (+0.52%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (4)

 EUR/USD1.1733↑ Sell
 GBP/USD1.3705↑ Sell
 USD/JPY110.34↑ Sell
 AUD/USD0.7274Sell
 USD/CAD1.2690Neutral
 EUR/JPY129.46↑ Sell
 EUR/CHF1.0845↑ Sell
 Gold1,756.75↑ Buy
 Silver22.670Neutral
 Copper4.2200↑ Sell
 Crude Oil WTI73.38Buy
 Brent Oil77.49↑ Buy
 Natural Gas5.050Neutral
 US Coffee C193.93↑ Buy
 Euro Stoxx 504,154.25↑ Sell
 S&P 5004,448.98↑ Sell
 DAX15,513.15Sell
 FTSE 1007,047.45↑ Sell
 Hang Seng24,130.00Buy
 Small Cap 20002,259.80↑ Sell
 IBEX 358,840.50↑ Sell
 BASF63.690Buy
 Bayer46.49↑ Sell
 Allianz192.50↑ Buy
 Adidas278.45↑ Sell
 Lufthansa6.203↑ Buy
 Siemens AG148.64Buy
 Deutsche Bank AG10.710Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,655/ 5,705
(-20/ -20) # 870
SJC HCM5,640/ 5,705
(-30/ -30) # 870
SJC Hanoi5,640/ 5,707
(-30/ -30) # 872
SJC Danang5,640/ 5,707
(-30/ -30) # 872
SJC Nhatrang5,640/ 5,707
(-30/ -30) # 872
SJC Cantho5,640/ 5,707
(-30/ -30) # 872
Cập nhật 24-09-2021 15:22:58
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,755.95+10.140.58%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$73.32-0.56-0.77%
Brent$77.44-0.9-1.16%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR26.044,7927.400,28
GBP30.430,7031.702,11
JPY200,85212,47
KRW16,7620,40
Cập nhật lúc 15:14:42 24/09/2021
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