Huafa Property (982 HK): Buy With Both Hands

Aug 27, 2024

∙ Paid

A state-owned Offeror pitching a lifetime high Offer Price - with a solid premium - for an illiquid company? Sounds like a slam dunk.
Yet property manager Huafa Property Services Group (982 HK) has perennially traded wide to Huafa Industrial Co., Ltd. Zhuhai (600325 CH)'s terms. This is not justified.
The Scheme Meeting/SGM is tomorrow (28 August), with payment on (or before) the 30 September. Or a gross/annualised return of 4%/46%. Buy here. Then buy some more.

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