Early this morning, Intime Retail Group Co Ltd (1833 HK) despatched the Scheme Document pursuant to the takeover Offer from Alibaba.  Timetable IFA's Opinion The premium implied by Alibaba's offer over 30D average share price prior to announcement stands at 51.77%, above the average and median of precedent privatization offers in Hong Kong at 47.08% and 39.21% respectively. When compared to comps, the Intime's offer implied P/B is at 1.6x versus average of 1.2x though the implied...(continued)

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