| Abstract | During the recent boom on the Hong Kong Stock Exchange one company was left alone. Hongkong Land has an estimated net asset value of about US$4.40 per share, taking the group's properties at a reasonable valuation. At the same time the share price of the company has been oscillating between US$2 and US$3 in 1996, setting at around US$2.50 in July, 1997. But for any ambitious property investor, with a few billion US dollars in his pocket, Hongkong Land would be an ideal acquisition, especially as the company is virtually debt-free. This article analyses whether Hongkong Land may be acquired in the take-over battle. |
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