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Amara last year offered 60cts takeover price rejected. Now today offer 89.5cts!!
Same thing will happen for Sin Heng! Reject lowball offer this year . Next year maybe offer > $1.00!!
Same thing will happen for Sin Heng! Reject lowball offer this year . Next year maybe offer > $1.00!!
Let the lowball offer lapse tomorrow
So far tge questions link cannot see but anyway uphill task for them...
cowabunga ( Date: 29-Apr-2025 07:24) Posted:
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SH just updated the Level of Acceptaance.
So far, less than 19.11% of shareholders have accepted the offer. The rest are the offerer concert parties.
Total 77.62%. Hope it stays this way. Pse DO NOT ACCEPT this lousy offer.
So far, less than 19.11% of shareholders have accepted the offer. The rest are the offerer concert parties.
Total 77.62%. Hope it stays this way. Pse DO NOT ACCEPT this lousy offer.
Read the Sin Heng replies to the questions posed to them. Just high handedly brushed off the questions.
https://links.sgx.com/1.0.0/corporate-announcements/9Q8Q9TPTWXG8SY7B/3bdc364cd240aa67a037d69f9727579f35e23a7eb21fa2fb6aa51d5df878043d
https://links.sgx.com/1.0.0/corporate-announcements/9Q8Q9TPTWXG8SY7B/3bdc364cd240aa67a037d69f9727579f35e23a7eb21fa2fb6aa51d5df878043d
For those who are going to the AGM today, remember to suan the Sin Heng SSH about their lowball offer.
Huat! Huat!
ysh2006 ( Date: 28-Apr-2025 15:25) Posted:
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Yahor like after one year Amera can offer higher may ve Sin Heng can offer higher too, so just keep our shares and wait for tge next offer lah..
cowabunga ( Date: 28-Apr-2025 10:01) Posted:
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Amara SSH are way more fair and the IFA also said it was a reasonable offer. Imagine Amara offer price of over 70% to 75% premium over last traded prices, versus Sin Heng lowball offer of just a 4% to 6% premium over the recently traded prices.
A whole world of difference and shows how greedy and unfair the Sin Heng SSH and owners are.
Extracted post:
Independent financial adviser Xandar Capital had deemed the offer price of S$0.60 &ldquo fair and reasonable&rdquo .
The offer price represented a premium of 53.8 per cent over Amara&rsquo s share price of S$0.39 on Jun 15, before the company announced that its key shareholders were in talks over a possible transaction, Amethyst said.
It also represented a 70.5 per cent premium over Amara&rsquo s volume-weighted average price for the one month up to Jun 15, and a 75.4 per cent premium over the three-month period.
A whole world of difference and shows how greedy and unfair the Sin Heng SSH and owners are.
Extracted post:
Independent financial adviser Xandar Capital had deemed the offer price of S$0.60 &ldquo fair and reasonable&rdquo .
The offer price represented a premium of 53.8 per cent over Amara&rsquo s share price of S$0.39 on Jun 15, before the company announced that its key shareholders were in talks over a possible transaction, Amethyst said.
It also represented a 70.5 per cent premium over Amara&rsquo s volume-weighted average price for the one month up to Jun 15, and a 75.4 per cent premium over the three-month period.
Winsmallsmall ( Date: 27-Apr-2025 22:04) Posted:
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No worries. By then with a longer timeframe it would have attracted quite a few competitors who would be interested to put in a better bid than the current lowball offer in the months ahead.
Winsmallsmall ( Date: 27-Apr-2025 22:04) Posted:
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1 year later, we also do not know what is the economy like. For SH, i believe with many infrastructure projects around, it will do fine. maybe by then it will want to go past 90% as a conditonal offer or go by SOA, then usually it will offer something higher. but dun expect to be > $1 or like SIAS mentioned. we can see tomorrow Amara. see from 89%, how much they offer to finally take private AMARA.
Than after one year due to the world not stable due to taxes by USA it offer 48c ?
I think the shares tendered will NOT be returned and belong to TAL since it was an Unconditional Offer. They don' t have to get 90% either. Likely they will let it close first (like AMARA), then offer again after 12 months. TAL would be quite happy to have collected extra 15-20% at 58c.
https://sgtalk.net/Thread-Sin-Heng-Heavy-Machinery-Lowball-Takeover-offer?pid=1129280#pid1129280
Very greedy and unscrupulous these Sin Heng bosses :(
Just ignore their ridiculous low ball offer!!
Just ignore their ridiculous low ball offer!!
tonyphua ( Date: 25-Apr-2025 19:32) Posted:
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A long story for many who are still holding in to SH shares since IPO. I am one of them.
IPO was done in 2010 at $0.26. Then, they decided to do share consolidation at 5:1 in 2015.
So on average, they sell each share at $1.30 to us. Now, after having made better business aft covid and good money, they offer to buyback at $0.58, less than half the price we bought from them. I run out of words to describe such unscrupulous act. Seem to forget that without us shareholders, they wouldn't be able to start the business in the first place.
Blood sucking us...Heavens is watching above!
Minority shareholders unite and reject the lowball offer 58cts.
SIAS already indicated Sin Heng management should consider $1.15 as a starting point for takeover discussions.
SIAS already indicated Sin Heng management should consider $1.15 as a starting point for takeover discussions.
Don?t shortchange yourself leh. The dividend payout is 5cts (not 3cts) per share.
ysh2006 ( Date: 24-Apr-2025 18:07) Posted:
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SIAS say starting point of discussions should be @ $1.15
ysh2006 ( Date: 24-Apr-2025 18:07) Posted:
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Aiya just increase 3c (cover the dividend) and extend one more month slowly slowly will be able to get 90% loh.