Delong
Delong trading 4.0 EPS 2.7
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What a joke.
Securities watchdog censures advisers in failed 2018 Delong buy-out CEO revives cash offer
MON, JUL 29, 2019 - 7:39 PM
THE chief executive of Delong Holdings revived his bid to privatise the company on Monday, even as the Securities Industry Council (SIC) ruled that an aborted buy-out attempt in late 2018 breached Singapore&rsquo s takeover code.
Delong CEO Ding Liguo - who is also executive chairman of the company -
has again made a voluntary conditional cash offer of S$7 a share, through an offer vehicle that he owns with his spouse, Zhao Jing.
The offeror and its concert parties together now hold an 81.48 per cent interest in the mainboard-listed steelmaker, which the deal values at S$771.3 million.
Meanwhile, a five-person committee put together by the SIC has censured all those involved in the original, failed deal - that is, the offeror its financial adviser, PrimePartners Corporate Finance and its legal adviser, Shook Lin & Bok.
The Dings pulled out of their earlier offer on Oct 11, 2018, after just two weeks, as Shook Lin & Bok realised that a concert party of offer vehicle Best Grace Holdings had bought a 15.04 per cent stake in Delong at a higher price of S$7.42 a share in June 2018 - or less than six months before the offer.
Under the Singapore Code on Takeovers and Mergers, the offeror was thus obliged to make a cash offer to shareholders at an offer price of S$7.42, but did not do so. While the SIC gave it the chance to raise the initial offer price, the offeror could not secure the financing needed and the offer was scuppered.
The SIC committee has decided not to make anyone compensate Delong shareholders, given what it deemed &ldquo the limited impact of the breach&rdquo , as the rule-breaking was spotted soon after the announcement of the offer, and the offer was pulled before the offer document was sent out.
https://www.businesstimes.com.sg/companies-markets/securities-watchdog-censures-advisers-in-failed-2018-delong-buy-out-ceo-revives
5.13 mil was indeed bought by the major shareholder bringing his stake to 81.48%.
Hopes he launches another GO @ $7.00 in December 2018 upon expiry of the 6 month highest price paid limit rule.
SmallSmall ( Date: 25-Oct-2018 22:42) Posted:
5.13 mil married at $7.00 today. That is about 4.65%. Pretty sizable. Likely to be bought by major shareholder as he bid for 6 month expiry (from June 2018) before relaunching another GO at $7.00.
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5.13 mil married at $7.00 today. That is about 4.65%. Pretty sizable. Likely to be bought by major shareholder as he bid for 6 month expiry (from June 2018) before relaunching another GO at $7.00.
Next year AGM sure Kenna question by shareholder Jia lat lat.
Thi654321ABCDEF ( Date: 12-Oct-2018 14:11) Posted:
offer cancelled or not
ysh2006 ( Date: 12-Oct-2018 11:54) Posted:
| The RTO cancelled ,$7.00 too cheap need to increase to $7.50 but boss buy at that price less than six mths ago... |
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offer cancelled or not
ysh2006 ( Date: 12-Oct-2018 11:54) Posted:
The RTO cancelled ,$7.00 too cheap need to increase to $7.50 but boss buy at that price less than six mths ago....
Secret_Squirrel ( Date: 03-May-2018 20:44) Posted:
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The
RTO cancelled ,$7.00 too cheap need to increase to $7.50 but boss buy at that price less than six mths ago....
Secret_Squirrel ( Date: 03-May-2018 20:44) Posted:
Results just out.
Secret_Squirrel ( Date: 17-Apr-2018 12:28) Posted:
| Take a look at the market depth of this counter before you trade to have a better understanding of how many are queuing to buy or sell at a certain price. Some brokage like Maybank Kim Eng is giving free access until June 2018. |
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Results just out.
Secret_Squirrel ( Date: 17-Apr-2018 12:28) Posted:
Take a look at the market depth of this counter before you trade to have a better understanding of how many are queuing to buy or sell at a certain price. Some brokage like Maybank Kim Eng is giving free access until June 2018.
BBBulll ( Date: 13-Apr-2018 13:50) Posted:
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Take a look at the market depth of this counter before you trade to have a better understanding of how many are queuing to buy or sell at a certain price. Some brokage like Maybank Kim Eng is giving free access until June 2018.
BBBulll ( Date: 13-Apr-2018 13:50) Posted:
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This giant waking up
Waking up
By Elliott wave, one EW typical 8waves.
w1 to w5 wa wb wc.
w1 delta=163=407-344
UnicornSG ( Date: 14-Mar-2018 09:36) Posted:
How to read this?
SgYuan ( Date: 13-Mar-2018 20:49) Posted:
EW 344 w1 507 w2 389 w3?
w1 163
w2 118, drop 72%
w3 263, tgt 652 (161.8%)
Use as a guide by EW theory.
Tgt is base on typical % |
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How to read this?
SgYuan ( Date: 13-Mar-2018 20:49) Posted:
EW 344 w1 507 w2 389 w3?
w1 163
w2 118, drop 72%
w3 263, tgt 652 (161.8%)
Use as a guide by EW theory.
Tgt is base on typical % |
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benifit from usa tax
Delong (BQO) has an ongoing P/E of 1.42, which indicates that it is still highly undervalued. RSI(14) stands at 55.3 with positive bias, according to s g x . s t o x l i n e.
EW 344 w1 507 w2 389 w3?
w1 163
w2 118, drop 72%
w3 263, tgt 652 (161.8%)
Use as a guide by EW theory.
Tgt is base on typical %
The guy is comimg. dont miss it.
For the time beingdon' t waste time on this counter. Will revisit thiscounter in April.
UnicornSG ( Date: 12-Mar-2018 11:09) Posted:
| it fluctuate a lot for the past 1 month. nobody observe this counter? |
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it fluctuate a lot for the past 1 month. nobody observe this counter?
So*
Yeah, their net cash is 4.40sgd but trading do undervalued. Sure can go higher.
