This looks done. Yes: given net cash and IP - it is being done too cheap. It is what it is. If small illiquid arbs are your bent, I'd pay up to HK$1.47/share for a gross/annualised return of 4.3%/15%.
What is covered in the Full Insight:
Introduction to Goldlion Holdings Offer
Details of the Offer
Analysis by Independent Financial Adviser
Share Price and Market Comparison
Concluding Remarks on the Offer
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.