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HPL
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Starship
Supreme |
12-Apr-2019 12:53
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It actually started off with a lowball offer of $3.50................ Ong Beng Seng, Wheelock offer $3.50-a-share for Hotel Properties Market watchers suggest rival offer from Fu family could be in the offing WED, APR 16, 2014 - 6:00 AM [SINGAPORE] Ong Beng Seng and Wheelock Properties yesterday jointly launched a $3.50-a-share cash offer for Hotel Properties Ltd (HPL), reviving market talk that the company would redevelop its substantive and adjacent assets along Orchard Road. Announcing the offer on behalf of offer vehicle 68 Holdings, Standard Chartered Bank said 68 Holdings has agreed to buy almost 42 per cent of HPL for about $750 million from Mr Ong, his wife and his associates, and Wheelock, thus triggering a mandatory offer for the rest of the company. Explaining the deal, 68 Holdings said: " OBS, as the co-founder of HPL, David Ban and Wheelock Singapore have been long-term shareholders of HPL and they share a common vision and strategy for HPL. They have therefore decided to consolidate their shareholdings in HPL so as to be in a position to cooperate and implement their shared objectives for HPL and to enhance value over time." Yesterday' s announcement said 68 Holdings has agreed to acquire 41.91 per cent of HPL, comprising 213.98 million shares at $3.50 each. Of this, 18.44 per cent is from Mr Ong and two companies controlled by him, Reef Holdings and Como Holdings, and 20.16 per cent from Nassim Developments. The remainder is from Mr Ong' s wife, Christina and David Ban and his wife, Pat. https://www.businesstimes.com.sg/top-stories/ong-beng-seng-wheelock-offer-350-a-share-for-hotel-properties
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lifeisgood
Supreme |
12-Apr-2019 10:10
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A few years ago it offered at $4.05. Mr Ong & WL managed to accumulate a lot of shares (but still remained listed). The next offer will likely to be much higher.
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Starship
Supreme |
12-Apr-2019 10:07
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Any GO price, if it happens will certainly be Lowball............ yet again............   
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lifeisgood
Supreme |
12-Apr-2019 09:55
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What do u think would be the GO price?
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AttasBoss
Elite |
12-Apr-2019 08:51
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Today just release dividend announcement, a Go will be out anytime in weeks if Happen, same like I do food.
If it doesn't happen, then will be another time in future. |
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AttasBoss
Elite |
10-Apr-2019 11:34
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following the holding company Wheelock Properties' s privatisation in Year 2018, this definitely be the next candidate
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AttasBoss
Elite |
10-Apr-2019 07:47
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Someone keeps acc at 3.80 | ||||
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AttasBoss
Elite |
26-Feb-2019 23:35
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10c maintains..
Hold and waiting good news |
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MarketSensors
Senior |
12-May-2017 09:28
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Volume quite high today, is HPL waking up? | ||||
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MarketSensors
Senior |
21-Apr-2016 14:09
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Should have something new to attract tourists and stop having uniqlo, LV , prada, Rolex shop etc....so boring. | ||||
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lifeisgood
Supreme |
21-Apr-2016 13:33
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Everytime when SIngapore economy is bad, we create some IRs. Lets make the whole Orchard Road into another Las Vegas strip! |
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MarketSensors
Senior |
21-Apr-2016 11:55
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HPL has been very quiet after developed the property with capitaland on interlace and de leedon and so far there is no news on any further redevelopment on the orchard area where the 2 hotels Hilton and four seasons situated now. How I wish government can let HPL to have a gaming license to run a casino there. ) | ||||
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blitz99
Senior |
23-Jul-2014 13:00
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last done 441
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lifeisgood
Supreme |
22-Jul-2014 22:34
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After 68 Holdings and Peter Fu lock up over 85% shares of HPL, it is so much more easier to push up the share price. So. I guess that is the real reason why they do the offer.
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blitz99
Senior |
22-Jul-2014 22:15
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closed 440
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blitz99
Senior |
22-Jul-2014 14:18
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439 bought out too
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blitz99
Senior |
22-Jul-2014 13:58
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438 bought out again |
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blitz99
Senior |
21-Jul-2014 22:53
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yes i think looks like what u said
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lifeisgood
Supreme |
21-Jul-2014 17:17
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You can sense the buyers are very cautious not to push the price up too much. Obviously, they want to buy more at current price before it ran away.
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blitz99
Senior |
21-Jul-2014 16:42
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cleared 438
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