ChuanHup & PCI: PCI currently under a trading halt. Chuan Hup is making a mandatory offer for PCI at $0.50 per share. The offer was triggered after Chuan Hup, which now owns 42.4% of PCI, purchased $6.7m worth of shares yesterday…
Offer price is slightly below close of $0.51 yesterday. Chuan Hup has announced that it does not intend to delist PCI. Chuan Hup is a diversified co with businesses in prop dev, vessel chartering and semi-con equipment and trades at current P/E of 9.2x. PCI is a PCB manufacturer and trades at 8.0x.
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