LOOK OUT FOR SYNEAR FOOD !

Dukang privatization and delisting in SSE is likely since its peers are trading at above pe40 there. It can count on Chinese drinkers to be investors but not here as we don't drink baijiu

Low valuation alone is not a strong reason for us to predict that a company will be privatised. Otherwise, we might as well expect that 95% of S-chips will be privatised since they are at very low valuation.  Eratat Lifestyle is 1.5X PE, strong cashflow, net cash, cash is way above stockprice,etc. Will it privatise? I don't think any privatisation attempt will succeed unless its offer price is at least at cash level of 16 cents compared to stockprice now of 9.5 cents. Even at cash level, the indept financial adviser will get shot if it recommends that minorities accept the offer. How can? Financially speaking, how can no value be ascribed to the business itself and the brand? So can Eratat offer 20 cents ? Who exactly is Eratat? Is the chairman! The chairman currently owns under 30%. Where is he goingg to get the $ to buy up the remaining 70%? Lots of questions, no easy answers. 

Morning Forummers,
I would be travelling up to mainland China with a few good buddies to visit 4 companies, 3 listed in SG and 1 listed in HK.
Weather will be chilling and I think we will drink some baijiu.
Tell you more if I come across anything interesting.
For now, it is reading up their ipo prospectus and annual reports for more better understanding.
 

Dukang has started personal collection series. It has achieved RMB600m sales for this one day event. www.dukang.com/news/ShowNews_list01.aspx?no=398 It will also be launching security product for its Jiuzu Dukang [200k bottle per yr] in Dec 2012: www.dukang.com/news/ShowNews_list01.aspx?no=399 with so many of these recent market move, it is no surprise that it will delist from SGX. Talk has already started to surface in China. Good luck! 杜康酒三年重组暂告段落 拟从海外退市回归A股 finance.sina.com.cn/stock/new...13782512.shtml 杜康酒再掀资本风暴 stock.hexun.com/2012-11-23/148300823.html

thank you for the information & the interesting links.... but me dont think they will delist. and what's the connection with synear boss anyway. ?

The Board of Directors (the “Board”) of Dukang Distillers Holdings Limited (the “Company” and
together with its subsidiaries “the Group”) refers to the article “
回
A
股
杜康擬海外退市
” (Return to “A”
Shares, suspects Dukang to delist overseas*) published in Taiwanese Press, Commercial Times, on
26 November 2012 (the “Article”). A copy of the Article is attached.
In the Article, it was reported that the Company which has the intention to withdraw its listings from
both the Singapore Exchange Securities Trading Limited (“SGX-ST”) and the Taiwan Stock Exchange
Corporation (“TSE”) is contemplating, among other factors, the option to list its shares on the
Shanghai Stock Exchange in view of its low market liquidity and constraints in fund raising options in
both Singapore and Taiwan.
The Board wishes to clarify that such reports are baseless and unsubstantiated. The Company has so
far no plans to delist from SGX-ST, withdraw the listing of its Trade Depository Receipts from TSE or
list on the Shanghai Stock Exchange.