Z Fin (1168 HK)'s Suspension: Expect Ou To Make An Offer
This morning Z Fin (1168 HK) was suspended pursuant to Hong Kong Code on Takeovers and Mergers. I expect a Scheme Offer from founder Ou Yaping, who currently holds 64.61%.
Z Fin was previously known as Sinolink Worldwide, a PRC property developer.
Despite the fintech rebranding, Z Fin very much remains a property play, and should be assessed accordingly. At 0.2x trailing P/B, Z Fin is trading bang in line with peers.
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