Heng Long International --- on the way to delisting.
Next: an S-chip, Wanxiang International.
Wanbang Joint Investment Pte Ltd. is seeking to delist Wanxiang International Limited (the "Company") from the Singapore Exchange Securities Trading Limited ("SGX-ST")
DBS Bank Ltd. ("DBS Bank"), for and on behalf of the Offeror, will make a cash exit offer (the "Exit Offer"), to acquire all the issued ordinary shares in the capital of the Company ("Shares")1, other than those Shares held by the Company as treasury shares and those Shares held, directly or indirectly, by the Offeror as at the date of the Exit Offer
The offer price of S$0.20 per Share ("Exit Offer Price") represents a premium of o 43.9% over the last transacted price per share of S$0.139 on 6 October 2011, being the last full day of trading in the Shares on the SGX-ST immediately prior to the Joint Announcement Date (as hereinafter defined) ("Last Trading Day")
Kim Eng : >>>> We are not entirely surprised by the news as the company was highlighted as one of the potential delisting candidates in our report, Private Screening, dated 3 October 2011. There are about 148 Chinese companies listed on the SGX, or 19% of the total number of issuers. Yet, they account for only less than 4% of the overall market capitalisation. In fact, many are trading at depressed valuations amid the increasingly negative perception among the investor community here. With this unprecedented move by CAH, we believe more S-chips, especially those that had already obtained a dual-listing status, may follow suit. While the long-term impact is hard to quantify at this point in time, management’s proactive approach to seek better valuation should be generally welcomed by shareholders.
Leeden Limited ("Leeden") and Taiyo Nippon Sanso Singapore Pte. Ltd. ("TNSC Singapore"
or the "Offeror") wish to announce that TNSC Singapore has presented to the directors of
Leeden (the "Leeden Directors") a formal proposal (the "Delisting Proposal") to seek the
voluntary delisting of Leeden (the "Delisting") from the Official List of the Singapore
Exchange Securities Trading
Chairman of Meiban offers to take company private.
40 cents a share. Below NTA.
The signs were there but very faint. Meiban had been doing share buyback -- well, a lot of companies do buyback, so I wouldn't knock myself too hard at missing this one. [url=http://www.nextinsight.net
/story-archive-mainmenu-60/912-2011/3937-insider-buying-technics-oil-a-gas-dmx-meiban]Insider buying: TECHNICS OIL & GAS, DMX, MEIBAN[/url]
Brothers -- the latest to go de-listing route. Offered 26 c which is big premium.
Never heard of Brothers, it's some SG property company doing business in China.
26 cents for Brothers Holdings is really a steal. Brothers Holdings aka G&W Holdings has a lovely project in Shenyang called the Singapore City@ Shenyang. They have Li Nanxing as the spokeperson for the project. The project sold very well in 2010/2011. Not sure about the situation now.
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