Ming Shing amends release to clarify verification of MTHK business, valuation basis for US$510 million deal
MSW•Amendment clarifies verification and valuation basis
Ming Shing corrected an Aug. 12 release on its planned US$510 million all-securities purchase of Meals Through Seasons.
- The amendment clarified it verified Meal Though Seasons HK’s business.
- The update said the price was based on an independent Aug. 10 valuation indicating US$515 million equity value as of June 30.
- The valuation report was not a fairness opinion; no fairness opinion was obtained.
