The Zhitong Finance App learned that Samsonite (01910) fell by more than 4% in the afternoon. As of press release, it was down 3.44% to HK$28.05, with a turnover of HK$177 million.
According to the news, today there are media reports that after evaluating that the purchase price was too high, private equity companies' interest in the acquisition of Samsonite is waning, clearing the way for the luggage manufacturer to go into double listing. People familiar with the matter said that although potential acquirers may restart privatization deals, such plans have been put on hold.
According to reports, Samsonite announced last month that the board of directors has authorized management to seek the listing of the company's shares on the second major stock exchange other than the Hong Kong Stock Exchange. After making an initial assessment of potential ways to increase the company's shareholder value, the board decided to focus on seeking a dual listing.