Yeung in Birmingham takeover bid

Published : 12 Aug 2009 10:54:39

Birmingham have confirmed a takeover approach from a company headed by Hong Kong businessman Carson Yeung. Grandtop International Holdings bought an initial 29.9% stake in June 2007 but failed to complete a buyout. "As shareholders will be aware, previous approaches did not proceed," said Birmingham in a statement. "The issue of the funding of any possible offer will be a major factor in determining how the company responds to the approach." The statement added: "The board of Birm.... read more