atans1

Creating shareholder value the HK way

In Corporate governance, Hong Kong on 21/08/2018 at 10:53 am

Real dedication by CEO and founder: he died.

CEC International Holdings, the owner of a successful Hong Kong retail chain focused on snacks and drinks imported from across Asia, saw its share price more than double in value on Monday following the death of its founder and chief executive.

(FT on Tueday)

Why?

The jump also came after the chair of retailer Best Mart 360 told local newspaper Apple Daily he was interested in acquiring CEC for less than HK$1bn. Monday’s jump took CEC’s market capitalisation to HK$1.27bn.

(FT on Tueday)

At time of writing shares are 10% off Monday’s close.

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