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1. Total number of Acquired Shares 80,000
2. Percentage of the total number of Shares
(1) constituted by the Acquired Shares 0.01% (2)
3. Consideration paid per Share for the Acquired Shares, excluding brokerage fee, clearing fee and applicable tax S$0.33
4. Resultant total number of Shares owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with the Offeror 656,272,000
5. Resultant percentage of the total number of Shares represented by all Shares owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with the Offeror 62.4%
NO PRICE INCREASE AND NO EXTENSION OF OFFER
2.1
No Price Increase.
DBS Bank, for and on behalf of the Offeror, wishes to announce that
the Offeror does not intend to revise the Offer Price of S$0.33 for each Offer Share.
Therefore, in accordance with Rule 20.2 of the Code, the Offeror will not be allowed to subsequently
amend the terms of the Offer, including the Offer Price, in any way.
2.2
No Extension of Offer.
The Offeror intends to despatch the Offer Document
on 27 March 2014 and fix the closing date of the Offer on 24 April 2014 (the ?
Closing Date?). The Offeror does not intend to extend the Offer beyond 5.30 p.m. on the Closing Date.
Notice is hereby given that the Offer will not be open for acceptance beyond 5.30 p.m.
(Singapore time) on the Closing Date.
jomini ( Date: 15-Mar-2014 02:36) Posted:
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From: Lim & Tan Securities
Separately, Mr Koh Wee Meng has also announced
his intention to make a voluntary unconditional cash
offer for GPHL at $0.33 per share. He currently
owns about 59.08% stake in GPHL, based on his
direct and deemed interest in FGL. We understand
that Mr Koh is making the offer to increase his
shareholdings in GPHL and intends to maintain the
listing status of the Company. Due to the
unattractive offer price (which represent only 0.52x
FY13 P/B), we suggest minority shareholders to
reject the offer.
BLBMJPJS ( Date: 15-Mar-2014 10:24) Posted:
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It will appreciate in the long run! Hold your horses :)
Monitor the sell volume after the offer, if high it might be insiders sel If offer lapses, weak holders will sell,,,,,,,,,
The value of freehold property wil hardly drop unless the said country is in chaotic state
30 years ago Mr X bought a freehold property all his family members said expensive
The rich will get richer by buying freehold properties
He knows the value of his properties
just hold and dont agree to the buyout if u dont wanna sell. no pt selling back to him at a discount just when value of biz is going up
sanuks ( Date: 14-Mar-2014 20:36) Posted:
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Out of the 22 hotels GP Hotels own, 19 hotels are freehold, 1 hotel is 999 years leasehold and 2 hotels are 99 years leasehold.
So this business should be quite stable.
what to do now? must sell back to him?
Way to go! Monday will go up higher :) Patient for those who can wait :)
So far all AGM are held in weekdays. Just apply half day will be enough as most AGM will finish within less than 2 hours. The reason why AGM is held on weekdays is because even on weekdays many people will attend . They had to spend a lot on refreshments and food. If held on weekend, it will cost them a lot of money.
jomini ( Date: 14-Mar-2014 16:27) Posted:
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btw those guys who sold at 0.33 on the exchange are just as crazy. waste commission
jomini ( Date: 14-Mar-2014 16:27) Posted:
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these crazy guys always like to schedule agm on weekday mornings. who would be able to attend with work and all?
Secret_Squirrel ( Date: 14-Mar-2014 12:34) Posted:
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Go to this coming AGM on 27/3/2014 and see what is on the management's mind.
mr koh is prob still shortchanging u at 0.33. better to just offer lapse. i dunno abt biosensors. how much do u think its worth?
alexchua ( Date: 14-Mar-2014 10:31) Posted:
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Do you think is good to sell or keep Global Premium at 0.33 cents? it might worth more. or should I sell and buy biosensors international as it might be taken private...but still a ? if it will be taken private as the B20 business is not promising...only know that Citic group emerged as new major sharesholder..wonder what is CITIC ...government own? or some hedge fund...
Have to see how far Fragrance can go up to. 255 the limit ?
ha paisei I mean fragrance shares
Wow..patience is virtue....spectacular.
Fragrance went up too !!!
Octavia ( Date: 14-Mar-2014 09:27) Posted:
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ok. in at 245-250 this morning....
I think still ok
Its Chairman and non-executive director of the company, Mr Koh Wee Meng (offeror) has announced his intention to make a voluntary unconditional cash offer for all the issued ordinary shares in Global Premium Hotels, at an offer price of $0.33. The offeror has an aggregate interest representing ~59.1% of issued share capital, and the offer price represents a 13.8% premium over the last transacted price and a 17.0%, 21.3%, 24.1% and 25.5% premium over the one-month, three-month, six-month and 12-month VWAP. The offeror intends to maintain the listing status of the company. The Offer represents an opportunity for Shareholders to realise their investment in the Shares for cash at an attractive price. The offer price translates to a 0.52x P/B.