I believe HLN caught the attention of many since talks of potential buyers started spreading some time ago. But will this deal go through??
CEO, Lesli Wa, have yet to show interest in selling. Why? He is optimistic about the potential in the metal sector and intent to grow into China's largest aluminium service centre by 2010.
On the other hand, to remain listed on Catalist, companies will have to find a sponcer or upgrade to mainboard. Failing to do so, they will face delisting. This resulted in the steep sell off in penny stocks, making them potential targets for reverse takeovers or mergers and acquisitions.
Success of this deal depends on how fat the offer will be since in the business world, it is all about benefit vs cost evaluation. Considerations that will affect the offer price? Are there other related penny companies offering better value? Do your homework and close the deal for a New Year Ang Pao.
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