IMO it’s worse than a failed attempt, it provides further evidence that they seriously want to buy out the minority shareholders, and will therefore have to stump up the market value in cash. Hence the share price rise. I would guess the share price will continue to rise, given a fairly high likelihood of a higher offer.
Ann: HKEx - Yankuang Energy Progress update on the Potential Tran, page-15
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Last
$6.62 |
Change
0.220(3.44%) |
Mkt cap ! $8.741B | |||
| Open | High | Low | Value | Volume |
| $6.43 | $6.63 | $6.41 | $13.60M | 2.082M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1512 | $6.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.62 | 11309 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| YAL (ASX) Chart |