Time to IOIprop?

Feb 2.09, Malaysian planter IOI Corp and its subsidiary IOIproperties suspended from trade. Due to the unknown source, says IOIproperties'll be privatise.
Malaysian property sector is likely to remain weak as more bad news surface in near-term.
Coming year 09, most property counters are trading at below book values. But not for SP Setia (1.6x)and Mah Sing (1.4x).
Major shareholders might take the opportunity to privatize under-valued counters with poor liquidity, at much lower cost and with higher chance of success.
Shangri-La, Guocoland, DNP is some very successful example of privatizations. Of course it need a very "rich listed parents" who have flexibility to offer cash and/share swap.
IOIPROP,1635 now trade at rm 2.490.