Privatised at a premium to closing price .. but well below book.

WHEELOCK (00020.HK) 0.000 (0.000%) will possibly propose the privatization of WHARF HOLDINGS (00004.HK) 0.000 (0.000%) at $27.58 per share, representing a 40% premium to the latter's closing price of $19.7 earlier, as Bloomberg cited from United First Partners.
WHEELOCK May Privatize WHARF HOLDINGS at 40% Premium: Institution