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Book value at $650 million and sold at $430 million, that is a whopping discount of 34%.
Either it is a fire sale or the valuation is out of whack, or both.
And it's difficult to see how the disposal benefits the shareholders.
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Valuation are opinions. Can pick and choose for whatever purpose you want it to be.
Eg. Get a loan, valuation as high as possible. Pay taxes, as low as possible.
Just shop around. Just like IFA shopping.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Interesting, another offer from a company to minority shareholders to exit investments, this time it is OUE, a good analysis from Dr Wealth on whether it makes sense to exit,
https://www.drwealth.com/oue-stock-jumpe...ders-sell/
The original SGX link announcement is here,
https://links.sgx.com/FileOpen/OUE_Annou...eID=803948
Per se, while it does not really look like a fair or reasonable offer, in some ways, if one has been stuck with OUE for a long time, I can understand the temptation to call it quits as minority shareholder,
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I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
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At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
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I am not immune to that, so please understand that any past success of mine will probably be followed by failures