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Kowloon Development Corp ( 0034 )

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  1. #11
    Quote Originally Posted by Paxbritannia:
    Looks like KDC is doing a spin-off of Polytec and we are all going to receive 238 shares for every 100 shares owned. Opportunity to immediately sell, cash in and keep KDC as a purer property play - the share price history for Polytec isn't too attractive.

    https://www.kdc.com.hk/files/news/48...%20(Final).pdf
    Good news for KD shareholders - we get to ditch the non-property businesses and keep our exposure to a property company with a good yield.

    I agree re Polytech and will ditch them in due course.

  2. #12

    Join Date
    May 2019
    Posts
    783

    Curious to see how this develops. I found out about the Siemens Energy spin off quite late, and didn't bother as I assumed all the opportunity to make money would have been long priced in. SIE shot up about 9% on the day of the split, so selling it all plus the shares in the Energy company, would have been easy profit (assuming I had a crystal ball two weeks ago of course).


  3. #13

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,948

    Now showing in my IB account as 34.SPO - any idea why it's not showing as 0208?


  4. #14

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    47,965

    Spo I think stands for special payment order?

    Will convert to shares correctly in payment date...