Nelson Kong 4年前 Question: 584
Dear Dirk,
Thank you for your comment on 1212 Lifestyle privatization. BTW, in this case, you can't compare the booked NAV to its offer price of HKD5.00 which made up to market cap for HKD7.5 billion which is still much lower than the net assets which 1212 owned. You can imagine the Causeway bay Sogo ( which was booked at cost in its financial statement ) and together with new land acquired few years ago in the West Kowloon together already worth 20 billion.