80% of the offered price is a good price to buy. there's a high chance the privatisation process has a happy ending, earn 20% profits.The risk is it failed, then the price goes back to the original 0.71, loss around 40%, but this likelihood is low. so 20% profits comes from possibility of priviation failure, your choice to bet. this kinder of deal is less risk than subscribe IPO.//
@MilkTeaBro:
On the evening of October 6, Haitong International announced that the offeror, Haitong International Holdings Co., Ltd., will privatize the company through an agreement arrangement in accordance with Article 99 of the Company Law after the prerequisites are met. For the privatization of Haitong International, the cash for each canceled planned share is HK$1.52, which is a premium of approximately 114% to the latest closing price.
I placed a 6000 shares limit order, 1.21HK$, 80% of offered price. I bet the privatization process would be successful.
The current P/B at 0.71HK$ = 0.26, so the offered price is still around 0.5 P/B, reasonable bargain.
$HAITONG INT'L(00665)$
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