Pentamaster (1665 HK) Breaks Ahead Of Vote. Yet Pricing IS Fair

Feb 25, 2025

∙ Paid

Back on the 19th December 2024, Pentamaster Corp (PENT MK) announced an Offer, by way of a Scheme, to take out its pseudo dual-listed twin, Pentamaster International (1665 HK).
The Offer Price was HK$1.00/share - including a HK$0.07/share dividend - a 45.3% premium to last close, but arguably more like a 61% premium to undisturbed.
The Court Meeting is the 28th February. Shares are down 15%+ in recent days. On no news. Not a great look.

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