LCT   

New Acquisition

this counter was under the name of LongCheer previously, then the company started to make $, the management proposed a buy out of the profitable division and left with the " sleeping" property investment arm..... not too sure what exactly the latest deal about, but is definitely funny that the share price shot up so much before the deal was announced

 

This seems like a fishy counter.. hoard so much cash but dont give dividends.. then this acquisition seems dubious and dunno what pg automotive is doing

 

https://links.sgx.com/FileOpen/LCT%20-%20Non-Binding%20term%20sheet%20to%20the%20proposed%20acquisition%20of%20new%20business.ashx?App=Announcement& FileID=577674


Cannot understand this deal.... and i can' t seem to google PG Automotive Pte Ltd