China TCM's privatization process is complex and would take more time. So, delays are expected. But it's still a good investment opportunity for idle funds considering the corresponding risks/returns
What is covered in the Full Insight:
Introduction
Approval Process
Arbitrage Opportunity
Historical Analysis
Investor Considerations
Boomeranged on Thu, 27 Jun 2024 16:21
According to IR, if there's no update, it's expected to announce the progress of privatization in mid next month. The announcement is arranged by the Offeror. Today, the mkt acted as if the deal is dead: HK$3.5/share basically reflects a failed deal.If it does fail, sentiment will push the stock below HK$3/share, but will bounce back due to solid fundamentals.Pls remember, the Offer is still there