維達國際(03331.HK)獨立財務顧問 : 收購要約條款公平合理
維達國際(03331.HK)公布,新加坡金鷹集團管理旗下APRIL收購維達股份的所有先決條件已達成,要約已可供股東接納,接納要約的首個截止日期為4月2日下午4時正。獨立財務顧問新百利融資指出,要約條款就獨立股東而言屬公平合理,因此建議獨立董事委員會推薦建議獨立股東接納要約。
顧問指,有意變現投資的獨立股東,應關注要約期間的股價表現,認為近期股價乃以要約價為參照,故市價超過要約價23.5元似乎並不可能。不過,若市價超過要約價,且扣除所有交易成本後的淨出售所得款項,超過要約下的應收金額,獨立股東應考慮在市場上出售股份,而並非接納要約。
顧問又指,股份過往成交量偏低,獨立股東可能難以在公開市場上出售大量股份,而不會對市價造成不利影響。因此,假設要約成為無條件,要約為獨立股東提供可按要約價出售股票之機會。
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