The pre-conditional voluntary cash partial offer to acquire up to 28% of Greentech Technology International Limited (195:HKG) at HK$0.35 per share is probably far too aggressive on MLX end.
I have reservations about its potential reception. In Chinese business culture, aggressive acquisition tactics, especially unsolicited ones, can be perceived as disrespectful. The emphasis on guanxi (relationships) and mianzi (face) means that such approaches might not be well-received, particularly if they appear opportunistic.
The complexities of Chinese corporate structures, combined with cultural nuances, often require more collaborative and relationship-driven strategies.It will be interesting to see how this unfolds.
Hopefully they can pull it off however but I remain skeptical about the offer's success under the current approach.
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