| Latest Forum Topics / Allied Tech |
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ALLIED TECH to rocket up to 8cents
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josephyeo
Elite |
21-Sep-2022 23:05
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Rec' d mine a few days ago. Better check w your broker.
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meljohn
Member |
21-Sep-2022 18:58
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Any advise on the payment date ? | ||||
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meljohn
Member |
11-Sep-2022 12:21
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Any update on the raw sue case with the raw firm?
Recover money? Must write to MAS or finance minister. |
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spursfan
Elite |
08-Sep-2022 09:49
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yes. maybe later than those that accepted the offer.
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TraderBen
Supreme |
08-Sep-2022 09:47
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i never return the form.. will they send the money? | ||||
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Joelton
Supreme |
08-Sep-2022 09:44
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SRS Auto Holdings&rsquo offer for Allied Tech turns unconditional
SRS Auto Holdings&rsquo voluntary cash conditional offer to privatise precision engineering company Allied Technologies : A13 0% has turned unconditional in all respects, according to a bourse filing late on Tuesday (Sep 6).
The total shares owned, controlled or agreed to be acquired by the offeror and its concert parties, including valid acceptances, amounted to around 90.06 per cent of the total number of Allied Tech shares, as at 5.30 pm on the same day.
SRS Auto&rsquo s offer will be open for acceptances until 5.30 pm on Sep 20. The private car rental and motor financing company will also exercise its right of compulsory acquisition.
In August, SRS Auto raised its offer price for Allied Tech to S$0.011 per share from S$0.0088 per share, which is final. The new offer matches the S$0.011 price at which Allied Tech last traded in 2019 before the counter was suspended amid the saga revolving around the alleged misappropriation of escrow funds.
SRS Auto is wholly owned by Tan Yew Kiat, who founded women&rsquo s apparel chain bYSI, The Business Times previously reported. Its increase in the offer price came after SRS Auto&rsquo s S$0.0088 per share deal was deemed &ldquo not fair and not reasonable&rdquo by independent financial adviser Xandar Capital.
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bigeater
Member |
07-Sep-2022 17:20
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Game over for us...so sad |
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spursfan
Elite |
07-Sep-2022 07:12
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OFFER DECLARED UNCONDITIONAL IN ALL RESPECTS, COMPULSORY ACQUISITION
https://links.sgx.com/1.0.0/corporate-announcements/R55SNYEHEQNOQE95/730973_Project%20Dream%20-%20Offer%20Declared%20Unconditional%20Compulsory%20Acquisition%20Announcement.pdf |
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meljohn
Member |
28-Aug-2022 17:57
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Blind SGX
Allowed this con. Company to cheat poor small shareholders. |
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yuenkf
Member |
28-Aug-2022 13:20
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Latest FS @Mar2022 1,770,329,000 shares. Did they write off the $33 mil stolen & most likely not recoverable? | ||||
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kge123
Member |
28-Aug-2022 13:12
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Dear all.
Correction of email address to Deputy AG. [email protected] Inform to forward to Deputy AG Mr. Hri Kumar Nair |
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kge123
Member |
28-Aug-2022 12:30
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Do write in to lodge a compliant to AG on Allied Tech that on missing fund of 33Mil and current general offer price extremely low and we all should stop them from achieve >90% that will allow them to delisted and make another bulk of $$$. We have to stop them and let them gear up the offer price to reasonable at 0.028 and above. The current book value at 0.039
write in to below email address, [email protected] Inform her forward email to AG Lucien Wong [email protected] Inform to forward to Deputy AG Mr. Hri Kumar Nair |
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kge123
Member |
28-Aug-2022 11:45
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Dear small shareholders, we should not accept that offer price, of 0.011. extremely low. the metal stamping business and revenue still maintain pick up. Reasonable price at 0.028. | ||||
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bigeater
Member |
23-Aug-2022 21:29
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No deal. Wait for the next better offer or wait for the suspension to be lifted, The company will still need to announce its half yearly and yearly results.
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LowLow12
Elite |
20-Aug-2022 20:46
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2 years already and Jeffery Ong still in remand
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gravity8888
Supreme |
20-Aug-2022 11:28
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What happened if they do not get the min acceptance? Offer 0.020..maybe I accept .hahah | ||||
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bigeater
Member |
19-Aug-2022 20:34
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They just extended the acceptance date to 6 September but did not increase the offer price. I have thrown away the acceptance form.
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kge123
Member |
18-Aug-2022 12:04
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The latest price offerred 0.011 from SRS is still too low, @ 72% discounted from book value! Do not accept that offer! Is unfair! For sure they will keep increase to get > 90% that their aim for dislisted. Fair value they have to offer is 0.028 ~ 0,031.
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bigeater
Member |
15-Aug-2022 01:10
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IFA opinion on the revised offer: Based on our analysis and after having considered carefully the information available to us as at the Latest Practicable Date, we are of the opinion that, as of the date hereof, the terms of the Revised Offer, on balance, are not fair and not reasonable. Accordingly, we advise the Independent Directors to recommend Shareholders to reject the Revised Offer. |
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tedlim
Veteran |
28-Jul-2022 10:20
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Sinjia Land...similar path ahead?? | ||||
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