This article only represents the author's own views.
If stock market comings-and-goings are all about timing, many may be scratching their heads at a privatization plan announced last week by Imax China Holding Inc. (1970.HK), the separately listed Chinese unit of big-screen theater giant Imax Corp. (IMAX.TO).
Under the privatization plan, the U.S.-listed Imax would buy all of Imax China’s Hong Kong-listed shares that it doesn’t already own for HK$10 apiece, representing a nearly 50% premium over the stock’s levels for the 30 trading days before the announcement. Imax China’s shares shot up 27% the day after the announcement, and have inched up since then to the HK$9.50 level.