Imax China Bows From Hong Kong After Failing To Find An Audience

Summary

• Imax China is being privatized by its Canadian parent, ending an eight-year experiment with its separate listing on the Hong Kong Stock Exchange.
• The company reported $73 million in revenue last year, or about a quarter of its parent’s $300 million, and was profitable, even as its parent recorded a loss for the year.
• Despite boasting a market value that’s nearly half that of its parent, many may argue that IMXCF stock is still highly undervalued.

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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. (OTCPK:IMXCF, 1970.HK), the separately listed