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Reyoung Pharma +22.1%; Major holders seek buyout
| WRITTEN BY DOW JONES & CO, INC |
| WEDNESDAY, 01 DECEMBER 2010 11:20 |
Reyoung Pharmaceutical (R12.SG) +22.1% at more than 3-year high of $0.525 on above-average volume, closing in on $0.53/share price offered by major shareholders to take China-based drugmaker private.
Honco Union, comprising number of individuals, including Reyoung chairman, seeking to acquire remaining 54.4% of company not already owned due to stock's low trading liquidity.
Delisting bid values Reyoung at about 1.58x P/B, $166.1 million, comes at time when sales volumes for some of company's products hurt by keen competition from foreign brands.
Reyoung in process of engaging independent financial adviser, will inform minority shareholders of takeover review in circular to be despatched in due course.
/theedgesingapore/
a very quiet counter..... some news via CIMB::
Reyoung Pharmaceutical Holdings. A controlling shareholder has made a formal proposal to seek the voluntary delisting of the company from SGX. The offeror is wholly owned by Honco Union Inc, which holds 45.6% stake in Reyoung. Under the offer, a cash offer of S$0.53 per share (23% premium to last closing price), conditional on the approval of shareholders, will be made to buy all shares in Reyoung that are not held by the controlling shareholder and related parties. A special general meeting will be held to seek approval for the proposed delisting. Its share price last closed at S$0.43. |
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/cimb/ /fyi/ | ||
Profit Guidance
lower profit for 1Q FY2008
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BE82A13EBFE6EBB7482574420034540B/$file/RP-Profit-Guidance.pdf?openelement
Mr. Cai buying, up 5cents hehehee
somebody happy 
most of the people sad 
because of.................
at present market sentiment is unwise to call sell any single stock.especialy penny stock..
Set target higher than 0.55.
The Sunday Times should be more responsible for who is being interviewed. As a responsible national paper, it should at least clarify if this burger has vested interest.
Any Tom, Dick or Harry can make some vested comments and those ignorant uncles and aunties will follow blindly.
do not take those report from face value. One reason with newspaper report is it just list what he want to buy and sell. We are not sure when the interview takes place. Before or after reyoung bull run? Also the shopping list does not provide reasons to support the claim.
I am not moved by yesterday's report
William Cai suggested selling Reyoung in ST Sunday P29. What's his reason?
When a stock is running impressively, let it continue. strategize your sell call with higher ask price when it continues to move past your target.
My target remains 50c
Hope you are rightly spot on. I sold off half of mine at 40, the next half will be there to realize further gains, if any.