|Bid||1.29 x 0|
|Ask||1.30 x 0|
|Day's range||1.3000 - 1.3000|
|52-week range||0.8950 - 1.3100|
|Beta (3Y monthly)||0.91|
|PE ratio (TTM)||11.93|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1.45|
SINGAPORE (Oct 30): Cityneon Holdings has received a $1.30/share cash offer from executive chairman Ron Tan and Hongkong entrepreneur Johnson Ko Chun Shun to bring the company private. West Knighton, a special purpose vehicle owned by Ko and Tan, launched a mandatory unconditional cash offer for the rest of the shares after on Monday purchasing an 68.95% stake in Cityneon from Lucrum 1 Investment at $1.30 per share for $219.3 million. The $1.30 offer price values the Cityneon at $318 million and is at a premium to the highest ever closing price of the company, with a premium of 19.2% over the volume-weighted average price of the shares for the 12-month period respectively up to the last trading date.
A privatisation offer has just been announced for Cityneon Holdings Limited's (SGX:5HJ) shares. Is the offer reasonable?
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