Yeung approach confirmed
Birmingham have confirmed that they have received an offer from the Carson Yeung-backed Grandtop International Holdings to raise their investment in the club.
Newspaper reports earlier today said the Hong Kong-based Limited company had made a fresh approach to acquire more shares and now the club have confirmed the news.
The statement read: 'The board of Birmingham note the recent press speculation and confirm they have received an approach from Grandtop International Holdings Limited ('Grandtop') - which may or may not lead to an offer for the entire issued share capital of the Company.
'Grandtop is currently a 29.9% shareholder, having acquired this holding in 2007.'
'As shareholders will be aware, previous approaches did not proceed - and the issue of the funding of any possible offer will be a major factor in determining how the company responds to the approach,' their statement continues.
'A further announcement updating shareholders will be made when appropriate.'
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