There are currently three companies that are seeking to be privatised by their major shareholders.
1. Shaw Brothers (80 HK): This has just been approved by minority shareholders. Current price is 13.20, and the offer price is 13.35 (1.1% premium)
2. Crocodile (122 HK): Current Price is 0.385 and the offer price is 0.40 (3.9% premium). Frankly I don’t see any problem for it to get all the necessary approval.
3. Nam Tai (2633 HK): Current Price is 1.42 and the offer price is 1.50 (5.6% premium). David Webb has been urging shareholders to accept this bid (http://www.webb-site.com/articles/nteep2.htm), so I believe this again will pass without much problem.
I believe there should be more and more companies getting privatised because of their depressed share prices which went down a lot together with the general market. Investors should pay attention to this space and make some easy profits!
