Yingde Gases chairman Zhao Xiangti, former chairman Mark Sun Zhongguo and former chief operating officer Trevor Strutt (pictured) have entered into a ‘legally binding memorandum of undertaking’ with PAG regarding its offer. Photo: Xiaomei Chen

Buyout fund enters the fray of Yingde’s boardroom feud with takeover offer

Yingde’s three feuding founders all accepted a HK$6 per share offer by PAG Asia to buy their stakes, on condition the buyout fund can eventually raise its holding to more than 50 per cent.

Topic |   Mergers & Acquisitions

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Yingde Gases chairman Zhao Xiangti, former chairman Mark Sun Zhongguo and former chief operating officer Trevor Strutt (pictured) have entered into a ‘legally binding memorandum of undertaking’ with PAG regarding its offer. Photo: Xiaomei Chen
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