companys shares have suffered from low liquidity which
can be observed over the six-month period ended 21 March 2012,
during which the liquidity in the companys shares on
the Stock Exchange of Hong Kong was restricted to an average
daily turnover of HK$1,009,511 or 61,744 shares.
average daily turnover in the number of shares
represented only approximately 0.06 per cent of the number
of shares subject to the Scheme. In light of this, the proposal
provides minority shareholders immediate liquidity and a chance
to realise their entire investment at one time at a premium
that the Offeror (Msot and Asiasat Msot) considers to be attractive.
proposed privatisation would benefit the company through eliminating
the need for approval from public shareholders for, and providing
greater flexibility in the structuring of, possible future
corporate transactions, and relieving the company from other
regulatory sanctions and compliance obligations as it is listed.
It will also enable the company to protect proprietary pricing
information and other commercially sensitive information that
is currently accessible to the competitors and suppliers through
analysis of its public filings.