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海通國際:SOHO中國(00410.HK)獲黑石提要約可達「雙贏」 料爲投資者供離場良機
就SOHO中國(00410.HK)公佈,獲黑石集團旗下基金Two Cities Master提出自願性有條件現金全購要約,每股要約價5元,較停牌前溢價近32%,原控股股東Capevale Limited 將保留9%持股。海通國際發表報告表示,新買家將會維持SOHO中國的上市地位,倘若全數股東接納建議,公衆流通量會降至9%,該行相信公司未來能否獲得公衆流通量(最少要達25%)要求將是關鍵。

海通國際認爲,SOHO中國的每股要約價5元,將爲投資者提供離場的良好機會,因作價較SOHO中國的資產估值(較前收市價3.8元高出32%)有溢價,作價亦較該行對SOHO中國每股資產淨值7.96元僅折讓37%,指方案或可提供「雙贏」局面。

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