Cordlife on 25/11/2015 jump 10 cents from $1.22 to $1.32 due to wind of married deal.
Kunlum on 25/11/2015 bought Cordlife share @ $1.70 per share, 48 cents above $1.22 throught married deal. Kunlum are paying 39% above the market price for Cordlife shares.
The Company has also been informed that Kunlum does not currently have any intention to make a general offer for all the shares of the Company.
Why did Kunlum paying a premium of $15.9 millions more for 33,118,300 Cordlife shares?
Although Kunlum does not currently have any intention to make a general offer for all the shares of the Company but they still can make a general offer at a later date. Time will tell!
Increasingly people will see $1.70 as some magic reference price. Why the Chinese investor would buy at this high price -- it is not clear to me. On a PE basis it's abt 50X. Looks scary, just my 2 cents worth. Hope you all who are staying on in the stock will get more upside.
Cordlife share price has been inching up daily to its all time high of $1.495 today.
Why Kunlum married deal at $1.70 for 16.1% of Cordlife shares cost about $71 million? (Kunlum paid 39% above the market price of $1.22)
Cordlife married deal today - 9.92 million shares @ $1.70 (3.825%). Total married @ $1.70 to date is about 27.72%.
The question is: Is there a general offer for all the shares of Cordlife coming soon?
The Company in early december 2015 was informed that Kunlum does not currently have any intention to make a general offer for all the shares of the Company.
Last edit: 8 years 10 months ago by Rock. Reason: correct error
