GREY:MIGGF - Post by User
Comment by
FadeTrainon Jun 10, 2016 6:21pm
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Post# 24956337
RE:Migao - true value much higher than buyout price
RE:Migao - true value much higher than buyout pricesadly this is all too familiar for chinese companies. if you go read up on hanfeng evergreen, same thing happened with that company; however shareholders got left with nothing as the privatization turned out to be a fraud.
if this deal gets rejected by shareholders, nothing is stopping company from further write downs to drive the stock price down even further.