You’re assuming that the scheme is approved and goes ahead. If it doesn’t, you could wind up with stock that’s worth less than what you paid for it.
A not unreasonable approach might be to take the placement offer, and then sell those shares on market. You’ll get less than if you waited for the takeover to close, but the return is much more certain. But there’s still risk, either way.
PEK Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
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