Wheelock properties just announced that a privatization offer was reached at $2.10.
https://www.theedgesingapore.com/controlling-shareholder-wheelock-properties-launches-210-share
After the cooling measure news out and after many property stocks gap down, I believe Wheelock properties was the only one with super strong COB and then went halt at the bottom. It's no wonder that the property stocks started to rebound a little this past week in lieu of this good news. I believe many property stocks will start to take this news as good news and may have some form of price running up too. Let's see.
Ronald K - Market Psychologist - A Stock Market Opportunist
