By way of an update to shareholders, the due diligence by the S Lad Group is still ongoing. The Company understands from S Lad Group that, as at the time of this announcement, S Lad Group is still contemplating the Possible Transaction, including the potential implementation of the Possible Transaction by way of a general offer
for shares of the Company.
As at the time of this announcement, no definitive agreements have been entered into in relation to the Possible Transaction and, save for the LOI, no definitive proposal, or the like, has been received by the
Company in relation to the Possible Transaction. There is no certainty that the Possible Transaction will be consummated in the manner as contemplated under the Possible Transaction, in such
other manner, or at all.
Tuan Sing's divestment of partial stake in Gultech Jiangsu is expected to take place by 31 July 2021.
Probably will give the stock price an uplift from present 51 cents.
next, IPO managers will work furiously to launch IPO. Valuation of IPO will provide next leg up for Tuan Sing price. good luck and dyodd
Rights issues often give rise to special opportunities as stock prices get depressed. King Wan Corp share price is down to 2.2 cents, while its NAV is 16.93 cents. What a crazy discount!!!
No doubt King Wan is facing challenges in the M&E sector but this is crazy discount and the sector is returning to normal gradually.
The exercise price for the rights is 2 cents. The Chua family has undertaken to subscribe for 145 m shares, their entitlement. If excess are available, they have undertaken to subscribe for up to 145 m. In total, they will fork out up to $5.8 million.!!!