HONG KONG: Shareholders of Henderson Investment Ltd yesterday rejected a US$704mil plan by parent Henderson Land Development Ltd to take it private, killing the deal in a rare victory for Hong Kong shareholder activists.
Despite a sweetened offer from blue-chip developer Henderson Land, the company failed to muster sufficient support for the buy-out plan from investors in its 73.48%- owned Henderson Investment unit, an executive told reporters following the shareholder vote.
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