GreenTech Technology Buyout Bid Rival ASM Reviews Response After Higher Offer

GreenTech Technology, which has been suspended for a long period, said rival bidder Arygle Street Management, or ASM, is reviewing its position after another partial offer bidder, GaoNeng Environment (Hong Kong), raised its offer price to HK$0.45 a share, according to Ming Pao. ASM said GaoNeng Hong Kong's bid is above ASM's own partial offer price of HK$0.40, and it is considering an appropriate response, including a possible revision to its offer price. ASM added that the other terms and conditions of its partial offer remain unchanged.