Amazing, 7-bagger in 3 years.
CITYNEON: Farewell to stock that was a 7-bagger in 3 years
Written by Leong Chan Teik
Published: 13 January 2019
Cityneon Holdings' stock trading has been suspended from last Thursday (10 Jan), and will in due course be delisted following a successful privatisation offer.
It's a thrilling finish in the sense that the stock has surged an astonishing 7X in the 3 years following Cityneon's acquisition of a new business -- Victory Hill Exhibitions Pte. Ltd -- at end-Sept 2015.
The stock then was around 17 cents.
In Oct 2018, an offer to privatise Cityneon was made by its executive chairman, Ron Tan, and a HK entrepreneur, Johnson Ko Chun Shun, at $1.30 a share.
More details in
https://nextinsight.net/story-archive-ma...in-3-years