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Testing times

9 June 2016 By Robyn Mak

The Alibaba boss’s buyout firm is bidding $1.4 bln-plus for U.S.-listed iKang. His minimum bid is 20 pct cheaper than an unfriendly approach from a rival, now dropped, which iKang’s CEO countered with a poison pill. Unless Ma pays more, outside investors will feel pretty icky.

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