CDIB Capital, the private equity arm of China Development Financial, has announced a tender offer for chemical producer Jintex Corporation that values the latter at NT$1.87 billion ($60.7 million).
CDIB has offered to pay NT$27.50 per share, a premium of 10.4 per cent to Jintex’s closing price on March 22, 2019, the last trading day prior to the transaction announcement.
