Yours truly had previously profiled
Kretam Holdings Bhd which may be an attractive MGO arbitrage gains play.
The worst possible outcome has occurred for risk
arbitrageurs in Kretam Holdings Bhd where due diligence results were not
acceptable to the buying party, Hap Seng Plantations and share
sale agreement was terminated with immediate effect.
Prices of Kretam Holdings may fall back to pre-share sale agreement
levels or even lower due to perceived weakness from adverse due diligence results.
This ends any remaining chance of potential risk arbitrage gains.
Note: This is not an investment advice. Buy and sell any
securities at your own risk.
Disclosure: None.
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