Hotel Properties Limited (HPL) will be acquired by Wheelock properties and Tycoon Ong Beng Seng as was announced today.
Indeed, the dynamics of the stocks markets are such that often it gives investors little time to plan and react. Yesterday, we were just talking about the acquisition of CapitaMalls Asia by Capitaland and I really think that most investors have not had the time to completely “digest” this piece of acquisition news, let alone plan for what they should do next (if they have CapitaMalls Asia stocks, will they accept the exit offer and if they do not have the stocks, will they follow the ‘herd mentality’ and explore what are the possible privatisation stocks next?)
Yes, I found myself in the latter category as I have shared with all of you the list of potential acquisition stocks and hence I was taken aback that Hotel Properties Limited is ......