The Chan family have plenty of headroom to chip away at minorities before breaching the 25% public float requirements. HPL’s valuation is undemanding, but a privatisation offer is unlikely.
What is covered in the Full Insight:
Influence of final dividend on minority shareholders
Chan family's shareholding statistics and implications
Conditions for granting of scrip dividend
Potential increase in Chan Family shareholding
Relative valuation of HLP amongst HK property companies
SUMMARY
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