As of press release, Samsonite (01910)'s stock price fell 3.27% to HK$28.1. The latest market value is approximately HK$40.7 billion.
The Zhitong Finance App learned that on April 16, as of press release, the stock price of Samsonite (01910) fell 3.27% to HK$28.1. The latest market value was about HK$40.7 billion. According to the news, Samsonite reserved the possibility of a privatization deal before the announcement, while considering a dual listing in the US. However, the latest news indicates that private equity companies' interest in Samsonite's acquisition is waning after evaluating that the purchase price is too high.
According to the news, the initial intention of the investment fund did not match Samsonite's valuation expectations. Although potential buyers may restart work on privatization deals, such plans have currently been put on hold.
Samsonite announced last month that the board of directors has authorized management to seek the listing of the company's shares on the second major stock exchange other than the Hong Kong Stock Exchange. People familiar with the matter later indicated that Samsonite retained the possibility of a privatization deal while considering a dual listing in the US.