Despite this, today's stock price has fallen to just 1/5 of its highest value in 2007.
In December 2007, Anguo Bank's stock price reached a peak of 61 Hong Kong Dollars, but now it has plummeted to as low as 12.02 Hong Kong Dollars, with its market value dropping from over 200 billion to just over 30 billion.
After the acquisition was completed, in just two months of being relisted, the stock price reached 28 Hong Kong Dollars, effectively doubling the market value.
This doesn't mean that Anguo Bank's relisting was outstanding; it was just a coincidence that the acquisition was completed in early March, coinciding with the lowest point of US bank stock prices.
The banks in Harbor Island operate under a pegged exchange rate system with US banks, so when US bank stock prices plummet, the Harbor Island banks' stock prices naturally follow suit.
