Nick Sallnow-Smith is the Chief Executive of Hongkong Land, a position he assumed earlier this year. The company recently launched a tender offer to buy back roughly 10% of Hongkong Land's issued share capital. Sallnow-Smith talks to Nick Lord about the buyback and the thinking behind the move.
Q How is the tender offer going
A The circular to shareholders has been issued and the closing date for investors is the 21st of December. You would expect most shareholders to wait until the last few days before putting in their tenders. If the share price changes markedly in the interim, that may affect the attraction or otherwise of tendering. So you would not expect...
