trending Market Intelligence /marketintelligence/en/news-insights/trending/_LMG05R-wBrUZl6PSV3RIg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

New World again extends acceptance period for privatization bid

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

New World again extends acceptance period for privatization bid

For the second time, New World Development Co. Ltd. is extending the acceptance period for its offer to privatize its department store arm after it failed again to secure the minimum 90%.

New World Development set Aug. 15 as the new closing date for the extended offer from Aug. 1. It also noted that there will be no increase in its HK$2.00-per-share, or roughly HK$934.5 million total, offer for all the shares it does not own in New World Department Store China Ltd.

As of Aug. 1 at 4 p.m. Hong Kong time, 82.23% or 384,225,603 shares subject to the offer have been tendered for acceptance, representing about 22.79% of the target's entire shareholding. The offer shares validly tendered also include the 45,500,000 shares of the target that it planned to buy at the market.

If the required minimum is met on the new closing date, the company expects to declare the offer unconditional Aug. 28 and closed completely by Oct. 27.