UBG to control PPerdana and Loh & Loh (0 viewing)
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UBG to control PPerdana and Loh & Loh
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Ben (User)
Senior
Posts: 259
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10 Months ago
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By now, it's an open secret that UBG will soon offer to buy your PPerdana and Loh & Loh at 4.85 per share. For those who have bought these stocks at lower prices, a big angpow awaits you. My congrats!
The papers say that UBG will retain the listing status of the these two companies. This means that the stocks will probably be trading at higher values of 4.85 so that the percentage of public spread as required by Bursa can be retained.
Do not dispose off your shares in a hurry for some quick profits. Wait for a clearer picture to emerge. I believe a bigger angpow is there.
Cheers! Happy and Prosperous New Year.
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leno (User)
Newbie
Posts: 14
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10 Months ago
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Been ban from chat box again at 5 pm 5/2/08
Sorry Clifford cannot reply to you.
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Last Edit: 2008/02/05 08:23 By leno.
Reason: la la la
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Ben (User)
Senior
Posts: 259
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9 Months, 4 Weeks ago
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LKT is a case in point. When Singapore Precision Engineering Ltd announced to take it private at 3.50 per share, it share price never go higher that 3.50 since then. But when PPerdana changed controlling interest from E & O to Swan Symphony at 2.90 per share, the stock never dropped below 2.90. The difference between the two is that LKT is to be delisted whereas the listing status quo of PPerdana will remain.
Now that UBG is buying into PPerdana at 4.85 and wishing to continue with its listing status, it make sense to assume that the stock will be trading at not below 4.85 when the time for UBG to offer to buy the stock draws nearer so as to retain the public spread as required by Bursa.
Presently the stock is being traded at around 4.50. If this price is not enhanced, every minority shareholder will sell it to UBG. In this event, how is UBG going to retain the listing status quo of PPerdana?
The idea expressed is only an opinion of the writer. You do not have to agree with him.
Cheers and good luck.
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Leremy (Admin)
Admin
Posts: 134
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9 Months, 4 Weeks ago
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Got double post? Checking
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Ben (User)
Senior
Posts: 259
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9 Months, 3 Weeks ago
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Sorry, I made a mistake.
The listing status of LKT will remain as announced by Singapore Precision Engineering limited lately.
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