$PUBLIC FIN HOLD(00626.HK)
Context: After a almost 3 weeks of trading halt (I am shocked of the long trading halt as though this stock is no longer needed to be traded), finally the announcement by it's parent company to privatize at HK$2.50, this is a premium of 61.29% from last trading price. However if we take the book value of HK$7+ this offer price is way too cheap. Public bank Malaysia, the parent company, even declared that this offer is final and won't be revised.
My trade: buy for now then sell if the privatization fail
Takeaway: My prediction that Public Bank M'sia is not generous in giving concession to it's shareholder is accurate, they have ample liquidity but will be very careful when spending money, typical of old Chinese way of doing business$NVIDIA(NVDA.US)$Netflix(NFLX.US)
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