China Minzhong acquired by PT Indofood. Share price shoots up by 112%
By SG Young Investment  •  September 2, 2013
China Minzhong has gotten out of its pit. Its trading halt was lifted today and from a low of 0.53, it shot up to 1.12. Reason was because it got an offer from PT Indofood to acquired its shares at 1.12. China Minzhong has offered its shareholders a mandatory cash offer at an offer price of 1.12.

Previously, a negative report by Glaucus Research caused it share price to drop by more than 50%. This caused fear to investors who own China Minzhong shares as they see their portfolio value plummet. There were rumours that China Minzhong could be forever suspended and shareholders could never get back their money. There were many S-chips or so called china stocks which suffered that fate so its understandable that a fear is there.

So what does a mandatory cash offer means? It means all shareholders have to sell their shares ......
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By SG Young Investment
I'm in my late 20s now and living in a small island city called Singapore. I started this blog in June 2013. My background is in Engineering. Later on, I went on to pursue a degree and graduated with a Bachelor of Economics ...
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