After the Singapore Securities Investors Association (SIAS) pointed out that the privatization quotation of Singapore Paincare Holdings was significantly lower, the company's stock price rose in the early trading Thursday (June 5), once hitting a new high this year.
Then it fell back to 0.165 yuan at 9:18 am, still up 5.1%, and the trading volume expanded to 5.6 million shares.
As of 9:05 am on Thursday, the share price of Pain Care Group rose 8.3% to 0.17 yuan, up 0.013 yuan from the closing price of 0.157 yuan the day before, with a trading volume of 4.4 million shares, the highest point since the beginning of this year.
The Securities Investment Association also reminds shareholders that if the shares are sold on the open market too early, if the purchase price is raised in the future, the sold shares will not be able to be recovered.
The statement pointed out that the Pain Care Group was listed at RMB 0.22 per share in July 2020, when the Singapore Straits Times index was only about 2,500 points. Now that the index has risen to about 3,900 points, the company plans to privatize at 0.16 yuan, and the pricing is significantly lower.SEC issued a statement on Wednesday (4th), believing that the group's reasonable value should be between RMB 0.36 and RMB 0.37 per share, which is more than twice the current privatization offer price of RMB 0.16 per share.