XiDeLang privatise?

News said Naxis capital already announced to buy over 54.6% shares from XiDeLang major shareholder, HongPeng International Holdings. I am thinking whether XiDeLang boss is willing to sell over his shares or not? If I am him, I will not sell this business at a offer price just 2 to 3 times of an annual earning income.

XiDeLang latest quarter report showed EPS is 5.45 cents and it has 89 million net cash on hand with 440 million shares, which equal to 20cents cash per share. NTA also has 72 cents.

Now the share price is trading at 40 cents, so how much you will sell this company if you are the boss of XiDeLang?

Please note take writer has certain portion of shares in XiDeLang.