Zhao Xiangti, the ousted chairman has raised questions among investors after tendering the bulk of his shares to PAG Asia, the only investor that has tabled a binding takeover offer for the embattled firm, way ahead of deadline. Photo: SCMP handout

Yingde’s expelled chairman offers intriguing early surrender of his shares to PAG Asia

Market wonders why he tendered the bulk of his stake so early in the process, instead of waiting until closer to the deadline to see if he could gain a better price

TOP PICKS

Zhao Xiangti, the ousted chairman has raised questions among investors after tendering the bulk of his shares to PAG Asia, the only investor that has tabled a binding takeover offer for the embattled firm, way ahead of deadline. Photo: SCMP handout
READ FULL ARTICLE