China Machinery Engineering (1829 HK): Delisting Offer From Parent

796 Views13 Jan 2021 20:06
Expect CMEC to trade around $3.45-3.50, or a 6-7% gross spread, and an 18-23% annualised. This is still being done too cheaply, given the large cash pile and PER. But no other shareholder will emerge.
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