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Imax China bows from Hong Kong after failing to find an audience

The big screen theater technology company has offered to buy out its Hong Kong-listed China unit at a price well above recent trading levels, but just a third of its IPO price from 2015.

This article only represents the author's own views.

If stock market comings-and-goings are all about timing, many may be scratching their heads at a privatization plan announced last week by Imax China Holding Inc. (1970.HK), the separately listed Chinese unit of big-screen theater giant Imax Corp. (IMAX.TO).

Under the privatization plan, the U.S.-listed Imax would buy all of Imax China’s Hong Kong-listed shares that it doesn’t already own for HK$10 apiece, representing a nearly 50% premium over the stock’s levels for the 30 trading days before the announcement. Imax China’s shares shot up 27% the day after the announcement, and have inched up since then to the HK$9.50 level.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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