In this briefing:
1. Hopewell Holdings (54 HK): A Reasonable but Not Great Exit for Shareholders
Hopewell Holdings (54 HK), an infrastructure and property developer, is subject to a privatisation proposal from its Chairman, Sir Gordon Wu. The privatisation price of HK$38.80 cash per share is a 46.7% premium over the closing price on 30 November 2018, the day before the announcement of the privatisation proposal.
While predicting the success of Hong Kong privatisations is a challenge due to the high threshold of shareholder approval, we believe that the Hopewell privatisation proposal has a good chance of success as it offers a reasonable (but not great) exit for shareholders.
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