This article was recently published on and is reproduced with permission

Kevin_Scully_300Kevin Scully, executive chairman of NRA Capital. NextInsight file photoCHINA ANIMAL HEALTHCARE shares hit a recent high of S$0.29 yesterday.

There is still no firm announcement on its possible delisting although its 10 April 2013 announcement on a fund raising exercise with Lily Nederland Holdings BV for S$120mn provides the much needed funds for the exercise.

The subscription price for the new shares and warrants is S$0.30 which is also the indicative exit offer price of China Animal of S$0.30 should it decide to proceed with its delisting plans. 

Given that these plans are now likely to proceed with the requisite funding now in place, and with the exit price just 3.44% higher than yesterday's price of $0.29 - there is little further upside for existing shareholders.

Investors who are not prepared to go through the proposed delisting exercise should and when it is triggered, should considering selling their shares in the market now.

With limited upside to the share price which is now capped at the indicative exit offer price, I am removing China Animal Healthcare from my Stock Pick lists.  I had recently added the stock to my Stock Picks when the share declined to S$0.24.

Recent story: YONGNAM, CHINA ANIMAL HEALTHCARE: What analysts now say.....

You have no rights to post comments

Share Prices

Counter NameLastChange
AEM Holdings3.6900.080
Avi-Tech Electronics0.2750.025
Best World1.770-
Broadway Ind0.090-
China Sunsine0.420-
Food Empire0.955-0.010
Fortress Minerals0.360-
Geo Energy Res0.230-
Golden Energy0.9600.005
GSS Energy0.0440.005
ISDN Holdings0.4300.015
IX Biopharma0.081-
Jiutian Chemical0.056-0.001
KSH Holdings0.3300.005
Leader Env0.0860.004
Medtecs Intl0.149-
Meta Health0.015-
Nordic Group0.4600.010
Oxley Holdings0.1240.001
REX International0.166-0.002
Sinostar PEC0.1570.004
Southern Alliance Mining0.780-
Straco Corp.0.470-
Sunpower Group0.310-0.015
The Trendlines0.099-
Totm Technologies0.083-
UG Healthcare0.159-0.003
Uni-Asia Group0.9000.010
Wilmar Intl3.970-
Yangzijiang Shipbldg1.270-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 467 guests and no members online