11-07-2014, 12:14 AM
(10-07-2014, 09:25 PM)greengiraffe Wrote: Ho Sim Guan... they don't need the money but what's the real reason behind the listing...
(10-07-2014, 09:05 PM)opmi Wrote: FYI only. Tai Tak is the family vehicle that owned a bank that is part of UOB now. Still owned the UOB shares.
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From news and friends, dongguan real estate is in the dumps. Probably selling the company at 0.5 RNAV to raise cash than redeploy in other cities.
Why buy at 0.5 RNAV? HK has plenty of better quality property developers at 0.3 book at cost.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster