I understand that CMZ is seeking delisting from SGX. Supported by some PE funds.
Congratulations to shareholders of CMZ.
Hope my investments will see the desliting mood coming too.
It's a good signal to S-chip believers. S-chips are worth a lot more.
CMZ chairman made an Exit Offer Price of 19 cents which is at a premium of 38.69 per cent. as compared to the consolidated net tangible asset per Share of the Group of S$0.137.
Heard that some S-chips are frustrated ....fed-up with the valuation they r getting in SG. Might as well pack up and go -- to HK Exchange. Won't be surprised if a number of them do so in the remaining months of the year.