announced today:
The Board of Directors (the “Board”) of HENG LONG INTERNATIONAL LTD. (the “Company”) refers to its announcement dated 6 May 2011 informing Shareholders that its substantial shareholders had been approached with a non-binding expression of interest in a possible transaction involving the shares or business of the Company which may or may not lead to an offer being made for the Company or its business. The Board is required to make this update announcement in compliance with the Singapore Code on Take-overs and Mergers (the “Code”).
The Board wishes to inform Shareholders that the Company has been informed by its substantial shareholders that talks are still ongoing following the approach. At this juncture, there is no certainty that any transaction may be consummated in connection with the talks.
PROPOSED VOLUNTARY DELISTING OF PERTAMA HOLDINGS LIMITED
65 cents!
There is a lack of liquidity in the Shares and the Exit Offer presents an
opportunity for the Shareholders to realise their investment in the Shares at a premium of
13.04 per cent. to the last traded price of S$0.5750 as at 10 June 2011 and 18.35 per cent. to
the 1-month volume weighted average price of S$0.5492 of the Shares on the SGX-ST prior
to the date of this announcement.
Pertama Holdings Ltd. (PERT)
, a retailer of electronics and home appliances, jumped 11 percent to 64 Singapore cents. The company will be taken private by parent Harvey Norman Holdings Ltd., the Australian company said. Harvey Norman is offering 65 Singapore cents a share for the rest of Pertama it doesn’t own. Australia’s biggest retailer of electronics by sales holds about 78 percent stake in Pertama, according to Bloomberg data.
0053 GMT [Dow Jones] KS Energy ( <
578.sg/
> 578.SG) will likely rise
after the oilfield supply and services provider receives a mandatory offer
from Pacific One Energy to take the firm private at S$1.07 per share.
Pacific One currently holds 40.44% in KS Energy, and under MAS rules the
mandatory offer has to be made after it Friday acquired 30.7 million shares
in KS Energy, which increased its stake by more than 1% in the preceding six
months.
Pacific One is 15% owned by KS Energy''s Chairman and CEO, Kris
Taenar Wiluan. The offer price represents an 11.5% premium to KS Energy''s
last close at S$0.96, and the last time the shares traded above that level
was February 17. KS Energy recently placed an order with Cosco Corp. (
<
f83.sg/
> F83.SG) to build two jack-up rigs worth US$356 million.
Hsu Fu Chi International Limited (the “Company”) seeks a voluntary suspension of its shares pending announcement(s). This is to avoid abnormal fluctuation over the Company’s shares price and maintain shareholders’ interests.
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