Vinda International completes privatization, enhancing competitive advantage
Vinda International has completed its privatization and delisted directly on August 16th. Golden Eagle Group acquired it at a price of HKD 23.50 per share, representing a premium of 22.12% over the average closing price of HKD 19.24 on the most recent trading day. Since its establishment in 1985, Vinda has been focusing on high-quality household paper products and has become an internationally renowned brand after years of development. In the Chinese market, Vinda has held the number one market share for 9 consecutive years, demonstrating significant market potential
On August 15th, Vinda International announced the completion of the privatization process and officially delisted from the Hong Kong Stock Exchange on August 16th.
According to public information, Vinda International successfully listed on the Hong Kong Stock Exchange in 2007 with an issue price of HKD 3.68, issuing 300,570,000 shares and raising approximately HKD 709 million. The offer price of HKD 23.50 per share by Singapore's Gold Eagle Group represents a premium of 22.12% over Vinda International's average closing price of HKD 19.24 for the 60 trading days up to and including the last trading day (December 14, 2023).
Headquartered in Singapore, Gold Eagle Group is a multinational industrial enterprise leading globally in various fields, including bioeconomy, energy transformation, and renewable energy development, and has become an industry leader. Its subsidiaries are among the world's largest, most technologically advanced, and efficient pulp and paper manufacturers, with its flagship brand "Vinda" office paper products made from 100% renewable wood fiber, selling in over 110 countries worldwide. In China, Gold Eagle Group's premium copy paper has held the top market share position with over 30% share for a long time.
Since its establishment in 1985, Vinda has been committed to the research and innovation of high-quality household paper products. Starting from single household paper products, it has gradually built a diversified business portfolio covering household paper, incontinence care, feminine care, baby care, and commercial cleaning and hygiene solutions. In 2017, the Vinda brand further expanded its international influence, successfully listing in the Southeast Asian market and launching multiple categories including facial tissues, soft tissues, toilet paper, and kitchen paper, truly growing into an international brand.
According to the Kantar Consumer Index data, Vinda brand has held the first market share in the mainland China market for nine consecutive years from 2015 to 2023.
On April 3rd, Vinda International suspended stock trading. After more than 4 months, Vinda International applied to the Hong Kong Stock Exchange on August 15th to cancel its share listing status in accordance with Rule 6.15(1) of the Listing Rules and officially delisted on August 16th.
As one of the world's largest consumer markets for household paper products, the Chinese market has enormous potential. The privatization and delisting of Vinda International will enable the company to have greater flexibility, integrate more closely into the integrated pulp and fiber industry chain of Singapore's Gold Eagle Group, deepen brand building with a longer-term strategic vision globally, optimize product portfolio, provide consumers with high-quality products and services, and lay a foundation for sustainable business growth
