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Razer buy-out

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  1. #11

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    Sep 2015
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    SCMP 2010 “Police have raided the home of PCCW chairman Richard Li Tzar-kai, son of Asia's richest man Li Ka-shing.”

    At least this guy won’t get his house raised lol


  2. #12

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    The lesson I guess is: “ if you want to screw small shareholders, do it legally, don’t do no funny business”


  3. #13

    Share price fell to $2.47 on the news. Offer price of $2.82 s now a 14% premium to market.

    Suggests a lot of people don't think the offer will g a ahead. A nice fat premium on offer for those who think it will.

    Kowloon72 likes this.

  4. #14

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    Quote Originally Posted by traineeinvestor:
    Share price fell to $2.47 on the news. Offer price of $2.82 s now a 14% premium to market.

    Suggests a lot of people don't think the offer will g a ahead. A nice fat premium on offer for those who think it will.
    if that's the case they only need to continue to buy shares at market price to reach whatever share level they need... For singapore after announcement of a privatization offer the company can continue to buy shares in the market as long as it is below their offer price.

  5. #15

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    Quote Originally Posted by traineeinvestor:
    . . . the price you paid for your shares has no bearing whatsoever on what they are worth today.
    . . . the stock market distilled into a single, concise sentence.
    traineeinvestor and shri like this.

  6. #16
    Quote Originally Posted by freeier:
    if that's the case they only need to continue to buy shares at market price to reach whatever share level they need... For singapore after announcement of a privatization offer the company can continue to buy shares in the market as long as it is below their offer price.
    Same in Hong Kong but there's a catch - every share they buy on market reduces the number of shares held by independent shareholders which means that the number of shares needed to block the scheme resolution goes down. Also, if they get to 75% ownership and the scheme fails, they are left with a listed company which does not meet HKEX's public float requirements.

  7. #17

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    Legally yes, but if my friends are buying then..............

    I would think they have consulted those major cornerstone before making this move. GIC is definitely in with them. question now is are the remaining small shareholders going to buy it. You also have to look into the trading volume since announcement because anyone who buys now is expecting to get that premium. If that volume is small, RUN

    But on the contrary if you are a shareholder and you vote against, you are just shooting yourself in the foot because failing to privatize would mean the shares will go back to the dumpsters of $1. Its a mouse manufacturing (OEM rather) company, everyone knows it from the sponsor to the HKEX team approving it. even my 70 year old non tech savvy ex-boss can tell me that during IPO. So much for protecting retail shareholder interest

    Coolboy and traineeinvestor like this.

  8. #18

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    well, pricing of shares was determined by the market.. IIRC even LKS was happy to pay 3.88/share for 10m usd stake ... not sure if he still has them or sold out right after the mandatory bar...

    listing between HK and SGP was also something the bankers they were fighting for then..

    honestly, how many EV companies listed in the world now is worth the valuation ?


  9. #19

  10. #20

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    The property firm, a long-time ally of China Evergrande Group, plunged as much as 35% to HK$2.45 in Hong Kong trading on Monday morning. On Friday, minority shareholders rejected its plan to be bought out at HK$4 a share.


    And today..

    Yahoo Finance: Chinese Estates Plunges by Record After Privatization Collapses.
    https://finance.yahoo.com/news/chine...015641562.html

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