Shareholders on Monday agreed to de-list Belle International, China’s biggest women’s footwear retailer, from the Hong Kong stock exchange following a wave of similar H-share take-privates by the likes of Dalian Wanda Commercial Properties and Intime Retail Group.
As Chinese queen of the High Street shoe shop and a 10-year bourse veteran to boot, retail investors, flocked to the company’s court meeting and extraordinary general meeting but appeared underwhelmed, despite giving management what they wanted.
One investor on his way in to the meeting room dubbed the offer price “quite petty” but said he would likely agree...
¬ Haymarket Media Limited. All rights reserved.
