Lesson learnt from China Traditional Medicine privatization offer

MilkTeaBro
10-24

Sinopharm Group, the parent company Traditional Chinese Medicine, issued a privatization announcement, asking securities firms and lawyers to write reports and submit documents to Chinese government Authorities for approval. The reason for the failure of privatization was that it failed to obtain approval from the Chinese government within 8 months time frame. The China Authority required the company to provide additional explanations. Sinopharm did not extend privatization time. 

The failure of Sinopharm's privatization highlights the weakness of Sinopharm, a large state-owned enterprise, low work efficiency, unstable performance, and irresponsible work, which damages  the company's reputation. Traditional Chinese Medicine, such a famous brand, this signboard is valuable. What a pity!

I was trapped in private offer voalitility, 25k HKD paper loss, I may carry it for years. Prices may take years to go back a normal fair value. The management team is not worth to trust. Retail investors should go away from it.

I don't do trading transaction normally. Lessons from Traditional Chinese Medicine is that don't speculate in the stock market.

I am sorry if my post mislead your decisions before on$TRAD CHI MED(00570)$  

# My Investment Experience

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（4）

  • Top
  • Latest
  • ee244c
    ·10-24
    TOP
    Mistake made lesson learn, all of part of investment . I took a position on Tupperware and it’s suspended , took a risk knowing it can swing both way. Move forward and look for the next goldmine
    Reply
    Report
    Fold Replies
    • MilkTeaBro: 
      thank you for your encouragement.
      10-24
      Reply
      Report
  • Khred
    ·10-24
    Don’t worry, even the most seasoned investors get it wrong sometimes…
    Reply
    Report
  • Jenny_Li
    ·10-25
    can learn from mistakes
    Reply
    Report