On 19 Jul 2018, Wheelock Properties parent (Hong Kong listed firm) made an offer to take the company private. Stock price jumped up 26% after trading halt. It is not a surprised as the Hong Kong listed firm already owns 76.21% of the Singapore listed arm.
Following this action, there is another company widely speculated to be privatised as this listed company bears similar traits to Wheelock Properties.
Have you also read our article on attractive bank stock prices after Singapore property cooling measures?
This property company might be taken private. Key price levels and technical take.