STOCKS | Gaoneng Environment (Hong Kong) Raises Offer for Green Technology (0195) to HK$0.45

Gaoneng Environment (Hong Kong) raised its partial offer price for long-suspended Green Technology (0195) by 80% to HK$0.45 per share, while keeping the targeted purchase size at 220 million shares, for a total consideration of HK$99 million, according to Ming Pao. The revised offer is HK$0.05 per share higher than the HK$0.40 bid from a company led by Argyle Street Management (ASM), which is seeking to acquire 230 million shares of Green Technology via a partial offer.