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Lai Sun Garment (International) ( 00191.HK)
10-06-2018, 11:29 AM. (This post was last modified: 10-06-2018, 11:31 AM by soros.)
Post: #21
RE: Lai Sun Garment (International) ( 00191.HK)
The offer to eSun ( 00571.HK) shareholders is pitched at $1.30 per share and that may be followed by a mandatory offer for Lai Fung ( 01125.HK) at $5.22 per share

The closing prices on 8 Oct 2018 are $1.36 for eSun ( NAV = $6.11 ) and $12.70 for Lai Fung. ( NAV = $44 )

eSun has never declared any dividend since 2000 to 2017 and in 2008 , even had a rights issue at 1 for 2 at $2.50

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27-07-2019, 03:42 PM.
Post: #22
RE: Lai Sun Garment (International) ( 00191.HK)
Reposting this information.

Lai Sun ( 0191.HK ) started as a garment company and branched out with subsidiary company , Lai Sun Development ( 0488.HK ) which is a substantial property development company.

Due to near collapse 20 years ago , the companies did not pay any dividend for about 17 years but recently the companies have resumed paying a tiny dividend.

About 3 years ago, the Lam family held 50% shares in Lai Sun ( 191.HK ) but it seems some family members have been buying the shares and taken the total family holding to 75%.

The share price is around HK $10 ( for 191 ) and HK $12 ( for 488) but the NAV of both companies is over HK $50 .

The company is headed by Peter Lam who has been appointed to head the HK Trade Development Council.( HK Government Unit ) in September . So I am expecting a higher dividend otherwise there is no point raising the family stake from 50% to 75%

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