Hang Lung Properties (101 HK): Scrip Div Helps the Family to Chip Away at Minorities

421 Views17 Apr 2024 22:08
The Chan family have plenty of headroom to chip away at minorities before breaching the 25% public float requirements. HPL’s valuation is undemanding, but a privatisation offer is unlikely.
What is covered in the Full Insight:
  • Influence of final dividend on minority shareholders
  • Chan family's shareholding statistics and implications
  • Conditions for granting of scrip dividend
  • Potential increase in Chan Family shareholding
  • Relative valuation of HLP amongst HK property companies
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Arun George
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Global Equity Research Ltd
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