09-06-2021, 08:12 PM
Most minority shareholders will take cash as $0.285/share is more than fair considering most other GOs by controlling shareholder are way below intrinsic value. Don't just take in the RNAV/share at $0.2587 as the real value, as the latest NAV/share is after a big accounting provision on deferred tax liabilities linked to offshore profits. Surely by offering the minority shareholders $0.285/share, the Law Family would keep some extra value for themselves as incentive to privatise the company.
Those interested in considering taking New Offeror Shares as consideration - it may not be a bad idea - should call up the Laws for a chat.
Those interested in considering taking New Offeror Shares as consideration - it may not be a bad idea - should call up the Laws for a chat.