CHINA MINZHONG = TAKEOVER very very fast at $1.20 BY CMZ VZI

CHINA MINZHONG = TAKEOVER very very fast at $1.20 BY CMZ VZI

"Further developments"!
This should be a definitive offer.


infopub.sgx.com/Apps?A=COW_CorpAnnouncem...8a4#.NextInsight.net

Old is gold for Perennial with acquisition in China
SINGAPORE (Sept 14): DBS Bank is keeping Perennial Real Estate Holdings on "buy" with a target price of $1.32.

This comes after Perennial on Tuesday said it is acquiring a 49.9% stake in Shanghai's largest integrated eldercare services operator through a capital injection of RMB735.5 million ($149.7 million).

Shanghai Renshoutang is a private integrated eldercare company in China, with retirement, nursing and rehabilitation homes, hospital, day care centres, pharmacies and Traditional Chinese Medicine clinics.
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anyone buying Minzhong at $1.155? There is some good meat left if you work out the annualised profit.

4.5 cents is the profit left to the takeover price of $1.20.

2.9% return.

assuming 3 months more to go before completion, then the annualised gain is 2.9% x 4 = 11.6%.
If it's only 2 months, then it's 17.4%.