HK Stock Market Move | VESYNC (02148) fell over 14% once, Market focuses on the progress of the company's privatization.

VESYNC (02148) once fell by more than 14%, as of the time of writing, it fell by 7.18%, at 5.04 Hong Kong dollars, with a trading volume of 26.1615 million Hong Kong dollars. On the news front, on December 27th of last year, VESYNC announced that the bidder Victory III had proposed to privatize at 5.6 Hong Kong dollars per share, with a premium of about 33.33% over the company's pre-suspension closing price. It is expected that after the privatization takes effect, the company will withdraw its listing on the Hong Kong Stock Exchange. The company announced the mailing of the scheme document on March 30th and is scheduled to convene a court meeting/shareholders' special meeting on April 23rd to vote on the privatization proposal. CMB International previously pointed out that there is short-term uncertainty, but the long-term prospects for the company are still optimistic, based on: its attractive valuation (if the capital market sentiment improves, we do not rule out the possibility of Vesync being re-rated to 15 times, as SharkNinja is valued at 20 times in the US market, while previously less than 10 times in the Hong Kong market); market potential with a low penetration rate of air purifiers in the United States; excellent track record (Vesync has many successful cases in developing new brands and product categories).