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In my opinion the next sure hit will be Ho Bee Land, boss has been buying for 3 days before the close of Dec2020.
Mr Chua Thian Poh owns 82.5% shares of HBH
Mr Chua Thian Poh owns 82.5% shares of HBH
Sheeeee.... next one is Silverlake having same pattern as hi-p.
TA_Expert ( Date: 01-Jan-2021 17:23) Posted:
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Inside this thread can find my post.Think was Ard 2015/16.
alleyboy ( Date: 01-Jan-2021 07:28) Posted:
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Privatisation news came out a few times before in the past. Many people already know that one day that it will materialise.
Long term shareholders reap the profits by standing firm with this notion.
Long term shareholders reap the profits by standing firm with this notion.
Octavia ( Date: 22-Dec-2020 12:14) Posted:
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Hmmm....that time was when?
Octavia ( Date: 22-Dec-2020 12:14) Posted:
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Has anyone received any docs from the co regarding the offer? Or am I missing something here?
Happy New Year! May 2021 be a better year for everyone! Peace , prosperity , good health!
Happy New Year! May 2021 be a better year for everyone! Peace , prosperity , good health!
That time 42c nobody buy only myself and another supreme member active on the thread.Sigh.
As of 22Dec, Big Boss already gathered 86.99% of the total shares
Can AEM privatization at $4.50?
Due_Dilligence ( Date: 19-Dec-2020 16:10) Posted:
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Another one bite the dust.
I believe that the next 2 years will be a boom for semi conductor stocks like AEM, UMS, Venture and Frenken.
Hi-P' s CEO makes voluntary unconditional offer of S$2 a share with view to delist firm
Offer price values Hi-P at S$1.6b 16.5% of Hi-P that Yao does not own would cost up to S$288m
A VEHICLE wholly owned by Hi-P International' s chief executive officer (CEO) and controlling shareholder Yao Hsiao Tung has made a voluntary unconditional general offer for all the shares of mainboard-listed Hi-P International, other than shares already held by the offeror.
According to an exchange filing on Friday morning, the offer price is S$2 per share, and the offer is being made with a view to delist the company from the Singapore Exchange (SGX).
The offer price values Hi-P at S$1.6 billion and represents a premium of 13.6 per cent over the last transacted price of S$1.76 on Dec 14 - the last full market day shares were traded - and a 160.1 per cent premium to Hi-P' s net asset value per share as at June 30, 2020. The premium is also 23.2, 42.3, 50.6 and 62.5 per cent over the volume-weighted average price per share for the one-month, three-month, six-month and 12-month periods up to and including the last trading day, respectively.
" The offer price represents an opportunity for shareholders to realise their entire investment in cash at a favourable valuation amid prevailing economic uncertainty driven by the ongoing Covid-19 pandemic and low trading liquidity in the shares," the offeror said.
The offeror does not intend to revise the offer price but has reserved the right to do so if a competitive situation arises. As the offer is unconditional, shareholders who accept the offer will receive payment of the offer price within seven business days of their valid acceptances being received.
Hi-P is an integrated contract manufacturer. Mr Yao, who is also chairman of Hi-P, acquired management of the company in 1983.
He holds 83.4 per cent of the total shares as at the offer date. His wife, Wong Huey Fang, holds 0.1 per cent of Hi-P shares. They have provided irrevocable undertakings to accept the offer.
Acquiring the remaining 16.5 per cent of Hi-P would cost Mr Yao up to S$288.7 million.
The offeror said privatising the company will give it and management flexibility to manage the business and optimise the use of its management and capital resources, as well as facilitate the implementation of any operational changes. Delisting will also allow the company to save on expenses relating to the maintenance of its listed status.
The company has not carried out any corporate exercise to raise funds on SGX since 2004, it added. " The offeror is of the view that the company is unlikely to require access to Singapore capital markets to finance its operations in the foreseeable future."
In response to the offer, the board of directors of Hi-P said separately on Friday it will be appointing an independent financial adviser (IFA) to advise the directors of the company who are considered independent for the purposes of the offer.
A circular containing the advice of the IFA and recommendation of the independent directors will be issued by the company to shareholders within 14 days from the despatch of the offer document.
CLSA Singapore and DBS Bank are the joint financial advisers to the offeror.
Hi-P shares closed at S$2 on Friday, up 10.5 per cent or S$0.19, from its last traded price on Dec 15, when a trading halt was called. The trading halt was lifted on Friday.
look a bit further, funds released from Hi-P might be redistributed to other Singapore tech stock, so these 2 other than AEM are the better choices in share price term.
alleyboy ( Date: 18-Dec-2020 09:56) Posted:
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Hi-P International CEO makes voluntary unconditional general offer at S$2 per share
FRI, DEC 18, 2020 - 9:14 AM
A VEHICLE wholly owned by Hi-P International' s chief executive officer (CEO) and controlling shareholder Yao Hsiao Tung has made a voluntary unconditional general offer for all the shares of mainboard-listed Hi-P International, other than shares already held by the offeror.
According to an exchange filing on Friday morning, the offer price is S$2 per share, and the offer is being made with a view to delist the company from the Singapore Exchange (SGX).
The offer price represents a premium of around 13.6 per cent over the last transacted price of S$1.76 on Dec 14, the last full market day shares were traded, and a 160.1 per cent premium to net asset value per share as at June 30, 2020.
The premium is also around 23.2, 42.3, 50.6 and 62.5 per cent over the volume-weighted average price per share for the one-month, three-month, six-month and 12-month periods up to and including the last trading day respectively.
" The offer price represents an opportunity for shareholders to realise their entire investment in cash at a favourable valuation amid prevailing economic uncertainty driven by the ongoing Covid-19 pandemic and low trading liquidity in the shares," the offeror said.
The offeror does not intend to revise the offer price of S$2 per share, but noted it reserves the right to do so if a competitive situation arises.
As the offer is unconditional in all respects, shareholders who accept the offer will receive payment of the offer price within seven business days of receipt of their valid acceptances by the offeror.
Mr Yao, who is also chairman of Hi-P, is an existing controlling shareholder of the company, holding around 83.4 per cent of the total shares as at the offer date. His wife, Wong Huey Fang, holds around 0.1 per cent of Hi-P shares. They have provided irrevocable undertakings to accept the offer.
The offer is being made with a view to delist Hi-P, and the offeror said it intends to exercise its rights of compulsory acquisition under the Companies Act, if and when entitled.
It said privatising the company will give the offeror and the management more flexibility to manage the business of the company, and optimise the use of its management and capital resources as well as facilitate the implementation of any operational changes. Delisting will also allow the company to save on expenses relating to the maintenance of its listed status.
The company has not carried out any corporate exercise to raise funds on SGX since 2004, it added. " The offeror is of the view that the company is unlikely to require access to Singapore capital markets to finance its operations in the foreseeable future."
In response to the offer, the board of directors of Hi-P said separately on Friday it will be appointing an independent financial adviser (IFA) to advise the directors of the company who are considered independent for the purposes of the offer. The appointment will be announced in due course.
A circular containing the advice of the IFA and recommendation of the independent directors will be issued by the company to shareholders within 14 days from the despatch of the offer document.
CLSA Singapore and DBS Bank are the joint financial advisers to the offeror.
https://www.businesstimes.com.sg/companies-markets/hi-p-international-ceo-makes-voluntary-unconditional-general-offer-at-s2-per-share
FRI, DEC 18, 2020 - 9:14 AM
A VEHICLE wholly owned by Hi-P International' s chief executive officer (CEO) and controlling shareholder Yao Hsiao Tung has made a voluntary unconditional general offer for all the shares of mainboard-listed Hi-P International, other than shares already held by the offeror.
According to an exchange filing on Friday morning, the offer price is S$2 per share, and the offer is being made with a view to delist the company from the Singapore Exchange (SGX).
The offer price represents a premium of around 13.6 per cent over the last transacted price of S$1.76 on Dec 14, the last full market day shares were traded, and a 160.1 per cent premium to net asset value per share as at June 30, 2020.
The premium is also around 23.2, 42.3, 50.6 and 62.5 per cent over the volume-weighted average price per share for the one-month, three-month, six-month and 12-month periods up to and including the last trading day respectively.
" The offer price represents an opportunity for shareholders to realise their entire investment in cash at a favourable valuation amid prevailing economic uncertainty driven by the ongoing Covid-19 pandemic and low trading liquidity in the shares," the offeror said.
The offeror does not intend to revise the offer price of S$2 per share, but noted it reserves the right to do so if a competitive situation arises.
As the offer is unconditional in all respects, shareholders who accept the offer will receive payment of the offer price within seven business days of receipt of their valid acceptances by the offeror.
Mr Yao, who is also chairman of Hi-P, is an existing controlling shareholder of the company, holding around 83.4 per cent of the total shares as at the offer date. His wife, Wong Huey Fang, holds around 0.1 per cent of Hi-P shares. They have provided irrevocable undertakings to accept the offer.
The offer is being made with a view to delist Hi-P, and the offeror said it intends to exercise its rights of compulsory acquisition under the Companies Act, if and when entitled.
It said privatising the company will give the offeror and the management more flexibility to manage the business of the company, and optimise the use of its management and capital resources as well as facilitate the implementation of any operational changes. Delisting will also allow the company to save on expenses relating to the maintenance of its listed status.
The company has not carried out any corporate exercise to raise funds on SGX since 2004, it added. " The offeror is of the view that the company is unlikely to require access to Singapore capital markets to finance its operations in the foreseeable future."
In response to the offer, the board of directors of Hi-P said separately on Friday it will be appointing an independent financial adviser (IFA) to advise the directors of the company who are considered independent for the purposes of the offer. The appointment will be announced in due course.
A circular containing the advice of the IFA and recommendation of the independent directors will be issued by the company to shareholders within 14 days from the despatch of the offer document.
CLSA Singapore and DBS Bank are the joint financial advisers to the offeror.
https://www.businesstimes.com.sg/companies-markets/hi-p-international-ceo-makes-voluntary-unconditional-general-offer-at-s2-per-share
But both counters almost hit the peak leow.
wehuattogether88 ( Date: 18-Dec-2020 09:54) Posted:
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Can look at Frencken and UMS.
Frencken more actions compared to UMS.
Frencken more actions compared to UMS.
beng1102 ( Date: 18-Dec-2020 09:42) Posted:
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Very sad that must say good-bye to this counter.
oldandolder ( Date: 18-Dec-2020 09:34) Posted:
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Good wait ended. Putting my money into another privatisation potential canditdate - GuocoLand. But must prepare to Long this counter, since Sept-2020 till now, the non-executive director progressively increased his deemed interest. Join us at SJ. DYOD
And Fu Yu too.
easywin ( Date: 18-Dec-2020 09:23) Posted:
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Buy Frenken or AEM liow