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Will miss the deputy director leh....
AttasBoss ( Date: 16-Sep-2022 14:49) Posted:
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Bye bye excelpoint
Excelpoint Technology confirms delisting on Sept 19
Excelpoint is to be delisted from Singapore Exchange (SGX) with effect from 9.00am on Sept 19.
See: CGS-CIMB notes positives for Excelpoint Technology with upcoming acquisition by WT Microelectronics
This follows Excelpoint announcing on April 13 that WT Semiconductor Holdings, a wholly-owned subsidiary of WT Microelectronics, will be acquiring 100% of issued ordinary shares of Excelpoint through a scheme of arrangement, which had taken effect on Sept 6 and is expected to be completed on Sept 15.
WT Electronics&rsquo offer of $1.93 per share values Excelpoint at 6.8x FY2021 P/E and 1.5x FY2021 P/BV. At its offer price, the scheme consideration exceeds the highest closing price of Excelpoint&rsquo s shares in the 10-year period till April, according to Excelpoint&rsquo s offer document.
when is delist date?
Got dividend 8.8 cents coming mah.....
Wow..195 ..higher than offer price 1.93
Excelpoint Technology receives S$1.93 per share acquisition offer
It values the mainboard-listed electronics component distributor at about S$232.2m the offeror is WT Semiconductor Holdings
A COMPANY wants to acquire Excelpoint Technology for S$1.93 apiece in cash, valuing the mainboard-listed electronics component distributor at about S$232.2 million.
In a joint announcement by Excelpoint Technology and the offeror WT Semiconductor Holdings to the bourse on Wednesday (Apr 13), the parties said the offer price exceeds the net asset value per share of US$0.9046 as at end-December 2021, as well as the counter' s closing prices in the past 10 years.
The counter hit its lowest at S$0.26 in June 2012 during the recent 10-year period. But it had traded briefly at over S$2 shortly after listing in January 2004.
The company in March stated that talks were under way on a potential transaction involving its shares when addressing the price movements of the counter, catapulting the share price to as high as S$1.84 thereafter.
The counter was halted after trading hours on Tuesday (Apr 12) when the price hit a 10-year high at S$1.79, but the halt lifted on Wednesday evening after this offer was made public.
Founded by CEO Albert Phuay, Excelpoint Technology is said to serve over 4,000 customers. The company reported a 51.5 per cent jump in net profit to US$12.6 million for the second half of FY2021, on a 43.2 per cent rise in revenue of US$857.6 million.
According to the filing, Phuay - who owns a total of about 42 per cent of direct and indirect stakes in Excelpoint Technology through a vehicle and his wife - has given an irrevocable undertaking to vote for the offer and reject any competing offer by a third party.
And Phuay will, post-acquisition, invest for a 20 per cent stake in the offeror WT Semiconductor Holdings, and remain as the CEO of Excelpoint Technology, which will then be delisted.
I am new in share market. Acquisition offer price $1.93, meaning? Is it confirm and what it mean to people holding the share currently. Anyone can help me on this. Thanks
Walao eh going to be taken private.... chiawee why you not shouting that the offer not high enough!
Chiawee why you stop shouting!!!
Wah Excelpoint moving up so slowly need chiachia to help me shout more!!
Thanks for making my day, I'm having a good laugh 😂
chiachiawee ( Date: 04-Apr-2022 11:00) Posted:
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Your action said it all. cheers.
BBBulll ( Date: 04-Apr-2022 10:59) Posted:
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I never said it did
chiachiawee ( Date: 04-Apr-2022 10:59) Posted:
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WHatever, dude. As I mentioned, SGX aint about excelpoint only. Don' t you understand? LOL
BBBulll ( Date: 04-Apr-2022 10:52) Posted:
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Your insecurities are showing 😂
chiachiawee ( Date: 04-Apr-2022 09:48) Posted:
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Get a life, dude. SGX stocks aint about Excelpoint only, sound pathetic to me. Anyway if you want to make this thread at the top all the time, pm me and I have more than ample time to do so for you. cheers.
BBBulll ( Date: 04-Apr-2022 08:58) Posted:
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Funny to see this chiawee guy stop shouting already. Probably gone back into his hole now with his tail between his legs, will probably come out to bash again if/when excelpoint starts falling. As always, DYODD!
Excelpoint Technology in talks with third party on potential share transaction
EXCELPOINT Technology Excelpoint : BDF +0.63% is in talks with a third party on a potential transaction involving the company' s shares, the electronics component distributor said in a bourse filing on Friday (Mar 25) night.
Addressing the recent price movements of its shares on the Singapore Exchange, the mainboard-listed company said discussions are ongoing with the unnamed third party.
However, it added that there is " no certainty or assurance that such discussions will progress beyond the current stage or that any transaction will materialise as a result of such discussions" .
Excelpoint said it will make further announcements should there be any material developments which warrant disclosure.
Ok
chiachiawee ( Date: 24-Feb-2022 12:10) Posted:
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