Sin Heng Mach    Last:0.66   -

SIN HENG...the next MYMMMAR rush

Nobody post the recent JUICY $0.05 from Half Year Dividend?

 

No $1.15 No Sell 🍍 🍍 🍍

 

Amara can do that so as Sin Heng see it next year can !

 

I hope Changi T5 construction will give much boost to the crane and lifting industries....

 

Meanwhile enjoy the juicy 5ct dividends per share.

 

Wait till next year loh.....

 

All minority shareholders, let' s vote against their remunerations & bonuses in every AGM. Take note.

tonyphua      ( Date: 09-May-2025 15:46) Posted: This is what Independent Directors MUST do => PROTECT the Minority Shareholders!! An example shown here in CDL case. And definitely NOT with Sin Heng Independent Dirctors!! An offer of NZ$2.25 a share for the New Zealand unit was first rejected by its independent directors in February, who said it was &ldquo too low and is inadequate&rdquo . After the offer was raised to NZ$2.80 a share in April, it was rebuffed again by the directors.   https://www.businesstimes.com.sg/property/cdl-fails-bid-buy-out-new-zealand-hotel-unit

 

This is what Independent Directors MUST do => PROTECT the Minority Shareholders!!
An example shown here in CDL case. And definitely NOT with Sin Heng Independent Dirctors!!

An offer of NZ$2.25 a share for the New Zealand unit was first rejected by its independent directors in February, who said it was &ldquo too low and is inadequate&rdquo . After the offer was raised to NZ$2.80 a share in April, it was rebuffed again by the directors.

 

SIAS actually took the Sin Heng management to task for wasting company monies in putting up a lowball bid that was doomed to fail.

Winsmallsmall      ( Date: 08-May-2025 23:44) Posted: technically as a UNCONDITIONAL offer, there is no pass/fail.  they can only say thank you to those who tendered. We can only feel vindicated   by the current trading price which hovers above 58c. cowabunga      ( Date: 05-May-2025 07:29) Posted: How come Sin Heng did not dare announce that their takeover offer has failed?

 

technically as a UNCONDITIONAL offer, there is no pass/fail. 

they can only say thank you to those who tendered.

We can only feel vindicated   by the current trading price which hovers above 58c.

cowabunga      ( Date: 05-May-2025 07:29) Posted: How come Sin Heng did not dare announce that their takeover offer has failed?

 

How come Sin Heng did not dare announce that their takeover offer has failed?

 

Who knows that these lowball SSH and owners may attempt to buy up the shares throughout this year. Anything lower than $1.15 is still cheaper for them than paying the reasonable rate.

How we wish they were reasonable SSH like those in Amara.

 

Extracted...
2. On 5 November 2024, the company announced its acquisition of an HDB shophouse at Ghim Moh Road, with 52 years of lease remaining, for a consideration of $2.775 million. The property comes with an existing tenancy that expires on 30 November 2026. The rationale provided was simply for &ldquo investment purposes&rdquo . However, the group&rsquo s core business involves the rental and trading of cranes and aerial lifts.

Question 2 (i) Can the independent directors clarify if they unanimously approved this acquisition? Was this deemed strategically aligned with the group&rsquo s core business, or is it considered a non-core investment?

Response 2 (i) The Board, including the independent directors had discussed and evaluated the approved acquisition. While the shophouse is considered a non-core asset, it presents an opportunity to generate recurring rental income and potential capital appreciation, thereby contributing to overall shareholder value... ???

tonyphua      ( Date: 01-May-2025 14:00) Posted: I find this action suspicious and understand now on why SIAS brought up the query, plus the poor explanations by the Board. See next post. Why buy a HDB shophouse in Nov 24 AT $2.775M for 52 yrs lease to go?    A very good way to convert cash to asset, rather than sharing with current shareholders.  And especially tricky since they have already plan to takeover & privatise the Company, so all future earnings would go back to them. It seems that we need to scruntinize all future financial statements & actions by the Management. It requires the effort of everyone to bring out any discrepancies on public forums and to SIAS for further actions.

 

I find this action suspicious and understand now on why SIAS brought up the query, plus the poor explanations by the Board. See next post.

Why buy a HDB shophouse in Nov 24 AT $2.775M for 52 yrs lease to go?    A very good way to convert cash to asset, rather than sharing with current shareholders.  And especially tricky since they have already plan to takeover & privatise the Company, so all future earnings would go back to them.

It seems that we need to scruntinize all future financial statements & actions by the Management. It requires the effort of everyone to bring out any discrepancies on public forums and to SIAS for further actions. 
 

 

This is possible as per norm price may drop after not successful....

 

So take over closed share price drop back to 52c previously before announcement ?

cowabunga      ( Date: 30-Apr-2025 22:07) Posted: Maybank sibei kwai lan. Final tally is just 78% So the takeover bid failed. But Maybank kept quiet and said no longer open for acceptance. Sibei haolian hehehe

 

Maybank sibei kwai lan. Final tally is just 78%

So the takeover bid failed. But Maybank kept quiet and said no longer open for acceptance. Sibei haolian hehehe

 

The Offeror is desperate to scoop up available shares in the market up to 60c since there' s a confirmed dividend of 5 cts now.
These are already better than those who offers their shares, where you lose the dividend or it would be subtracted from the offer price.

Also, do those who sell their shares now knows about the coming dividend? Hope you know now.
Good luck

 

Agree bro. Amara offered 60cts (already a 70% premium) and was rejected by shareholders last year. Yesterday they offered 89.5cts

Sin Heng?s lowball offer of 58cts (just a measly 6% premium) will surely be rejected by shareholders today too.

Let the lowball offer lapse. Wait till they come back with a reasonable offer in the coming years or just enjoy the 7-11% dividends annually. They need to keep on paying good dividends as they are paying themselves too. Plus SIAS watchdog is watching their every step.

We minority shareholders support Sin Heng since IPO days and this is how they want to treat us shareholders. Very ungrateful, unlike Amara.

Trader-101      ( Date: 29-Apr-2025 22:04) Posted: Not invested in this, just want to encourage holders to hold out against low ball offers. You guys are in a position of strength to do so.

 

Not invested in this, just want to encourage holders to hold out against low ball offers. You guys are in a position of strength to do so.