China's CDIB Capital makes tender offer for Taiwanese chemical firm Jintex

China's CDIB Capital makes tender offer for Taiwanese chemical firm Jintex

Taipei City, Taiwan. Photo by Tom Ritson on Unsplash

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.

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