Yes, all that information is correct ...but the reality is that there are *willing sellers* ready to match his bid almost everyday single day since July last year!
Yes, all that information is correct ...but the reality is that there are *willing sellers* ready to match his bid almost everyday single day since July last year!
Between father Deacon Chiu's estate and son David, they now own 2/3 of the shares.
I don't think he plans to take the company private.
So, I guess that all what we can expect is the dividend payout returning to about HK$0.18/year starting w/ the larger interim end-August followed by a smaller final dividend in December:
As for Yuzhou (1628.HK), given the insider deals they did with chairman Lam Lung On's wife Kwok Ying Lan and the debt levels, I might steer clear for now:
Yes, all that information is correct ...but the reality is that there are *willing sellers* ready to match his bid almost everyday single day since July last year!
https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-35/far-east-consortium-international-shares/ownership
Between father Deacon Chiu's estate and son David, they now own 2/3 of the shares.
I don't think he plans to take the company private.
So, I guess that all what we can expect is the dividend payout returning to about HK$0.18/year starting w/ the larger interim end-August followed by a smaller final dividend in December:
https://simplywall.st/stocks/hk/real-estate-management-and-development/hkg-35/far-east-consortium-international-shares/dividend
At the current share price of HK$1.05, that is not a bad proposition given that you need to invest in distressed debt earn that level of yield.
As for Yuzhou (1628.HK), given the insider deals they did with chairman Lam Lung On's wife Kwok Ying Lan and the debt levels, I might steer clear for now:
https://www.mingtiandi.com/real-estate/finance/yuzhou-properties-hong-kong-the-center/