HTL Intl

Update - HTL Intl 9th January 2016

The company on 7th January 2016 has made announcement that there is still no confirm deal being made by the offer party .

It is better not to speculate too much as the share prices had already risen almost 300+% from the low of 29 cents to the high of 84 cents.

If the deal didn't go through later on this may affect the share price to drop  substantially.

Please exercise your due diligence when trading with this counter.
(trade/invest base on your own decision)


Quote :
The Company refers to the announcement (the “Announcement”) released in relation to the Company on 7 January 2016 by SAC Capital Private Limited, the financial adviser to Ideal Homes International Limited (the “Offeror”).

The Board of Directors has noted the contents of the Announcement, and wishes to draw the attention of shareholders to the statement that the Announcement should not be construed as an announcement of a firm intention by Guangdong Yihua Timber Industry Co., Ltd. or the Offeror to make an offer to the shareholders for their shares in the Company, as set out in Paragraphs 1.1.3 and 1.1.4 of the attachment to the Announcement. In this regard, the Board of Directors advises shareholders to continue to exercise caution when dealing in the shares of the Company, and to refrain from taking any action in respect of their investment in the Company without seeking prior professional advice.