A take-over offer was announced for Shinvest at the price of $3.50 per share Although this stock is not mentioned frequently on my blog post, readers who click on my portfolio details will know that it is 1 of my top 3 holdings. It has been a position i have been holding since 2018 and personally there is a behind story to how i know about the stock. It is also the 1st time in my portfolio there is a takeover offer. In my opinion, the offer price is probably somewhat unacceptable. I will be listing down the reasons why. 1. Offer range prices Espressif Shares at 124 RMB The company has $1.28 net cash per share as of latest balance sheet. Deducting the $0.03 dividend, this results in $1.25 net cash per share. This implies that Espressif is and Other net assets (around $0.86 per share) is valued at $2.25 per share....