On April 9th, insiders revealed that Blackstone Group is close to reaching a deal to privatize Oseltan.
It is reported that Blackstone Group may join forces with Reinold Geiger, Chairman of Euclidean, to acquire the company, and an announcement will be released within the next few days at the earliest. According to insiders, negotiations have entered a later stage, but there is still a possibility of being postponed or even broken down.
On the morning of the 9th, Ou Shudan announced on the Hong Kong Stock Exchange that the company's shares will be temporarily suspended from trading starting from 9am on the same day, pending an announcement that constitutes insider information in accordance with the company's acquisition and merger rules. (Bloomberg)