I’m open-minded person and like to see different points of views. They shape a bigger picture. As I stated earlier, both management’s (CBH and PEM) negotiation skills are poor. If CBH wanted to win us small investors, it should come up with a better offer.
I’m a small investor and my vote does not change the situation. I wonder what response will be from the major shareholders? (AXA Asia Pacific Holdings Ltd - 20,775,248 mill shares, 10.56% and UBS Nominees Ltd - 13,290,799 shares, 6.75% of PEM holding). They are not worrying about PEM financial position and they do not dump shares (low volume of trading indicate the accumulation). After all whether PEM will end up as a merger with CBH or as a Chinese subsidiary, it will survive.
NJ
PEM Price at posting:
17.2¢ Sentiment: Buy Disclosure: Held