China's Zhejiang Rifa makes full takeover offer for Airwork Holdings

Tue, 26 Sep 2017

By Rebecca Howard Sept. 27 (BusinessDesk) - Rifa Jair Company, a unit of Zhejiang Rifa Holding Group Co, intends to make a full takeover offer for all fully paid ordinary shares of Airwork Holdings that it does not already own at a 21 percent premium to yesterday's closing price. It currently has a 75 percent stake in the Auckland-based aircraft services business after a $5.40 per share partial offer went unconditional earlier this year. According to the offer documents, it will offer the remaining shareholders $5.20 per share. It has en...

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