ma arbitrage

Given nearly 75% shares voted in favour of the privatisation in the lastest proxy statement (which means the EGM will pass the deal), and confirmation from BOC that it will provide sufficient funds for the purpose of the deal once the IE report is out. I can't see anything that will stop this going ahead. In two months and 10 days, i.e. by end of October, todays buyer at 32c will almost have a risk free investment, get an annualized return of 59%p.a. or 9.375%in 70 days.

33c-34c by end of Sept, the gap will get smaller as arbitragers jumping on each other.