Public Financial (626 HK) is suspended pursuant to Hong Kong Code on Takeovers and Mergers. Expect a Scheme Offer from Public Bank (PBK MK), holding 73.23%.
Public Bank could offer, say $2.50/share, a 60% premium, which still backs out a low trailing P/B of 0.35x. It may well go higher to factor in the headcount test.
Public Financial is super-illiquid. Look away now if this is not your thing.
Public Financial (626 HK) Halted: Public Bank (PBK MK) Takeover Expected
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