Major Denway shareholder supports privatisation bid -report

Newswire

HONG KONG, May 25 (Reuters) - Templeton, the largest minority shareholder in Denway Motors , supports a controversial plan by Denway's parent to take the company private, Hong Kong media reported on Tuesday. Denway shares have tumbled 27 percent since Guangzhou Auto first announced its plan to take Denway private last week. Investors expressed concerns over the valuation of the deal, which would see Denway shares swapped out for Guangzhou Auto shares ahead of a listing in Hong Kong by ...

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