Wheelock Properties offered to be taken private. Another stock is also showing reaction too.

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.