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PROPOSED DISPOSAL OF SHARES IN PCI LIMITED
1. THE PROPOSED DISPOSAL
1.1 Background. On 4 January 2019, PCI Limited (&ldquo PCI&rdquo ) and Pagani Holding III Limited (the &ldquo Purchaser&rdquo ) announced (&ldquo Joint Announcement&rdquo ) the proposed acquisition (the &ldquo Acquisition&rdquo ) by the Purchaser of all the issued shares in PCI which would be effected by way of a scheme of arrangement (the &ldquo Scheme&rdquo ) pursuant to Section 210 of the Companies Act, Chapter 50 of Singapore (the &ldquo Companies Act&rdquo ) and the Singapore Code on Take-overs and Mergers (the &ldquo Code&rdquo ). In connection with the Acquisition, PCI and the Purchaser have on the same day entered into an implementation agreement (the &ldquo Implementation Agreement&rdquo ) setting out the terms and conditions on which PCI and the Purchaser will implement the Scheme.
1.2 Current Holdings. As at 4 January 2019, Chuan Hup Holdings Limited (the &ldquo Company&rdquo together with its subsidiaries, the &ldquo CHH Group&rdquo ) has an interest in 152,701,506 shares in the ordinary and paid-up capital of PCI (the &ldquo Sale Shares&rdquo ), representing approximately 76.70% of the total issued and paid-up share capital of PCI. The Company intends to transfer the Sale Shares to the Purchaser (&ldquo Proposed Disposal&rdquo ).
3. PRINCIPAL TERMS OF THE SCHEME
3.2 Consideration. In consideration for such transfer, subject to and upon the Scheme becoming effective, each Entitled Shareholder will be entitled to receive S$1.33 in cash for each PCI Share (the &ldquo Scheme Consideration&rdquo ) held by such Entitled Shareholder as at the Books Closure Date. As at 4 January 2019, the Company holds 152,701,506 PCI Shares and accordingly, subject to the Scheme becoming effective, the Company will be entitled to receive an aggregate of S$203,093,002.98 in consideration for the transfer of the Sale Shares to the Purchaser (&ldquo Consideration&rdquo ).
5. RATIONALE FOR THE PROPOSED DISPOSAL AND USE OF NET PROCEEDS
5.2 Use of Net Sale Proceeds. Based on the unaudited consolidated financial statements of the CHH Group as at 30 September 2018, the Company expects to realise a gain of approximately US$69,181,000 from the Proposed Disposal. The net sale proceeds from the Proposed Disposal are intended to be used as general working capital of the Company, which would further strengthen the Company' s balance sheet, enhance the Company' s financial flexibility and facilitate any plans by the Company to enhance shareholder value. The net sale proceeds could also be redeployed and reinvested in the property sector and potentially other business sectors if the right opportunity presents itself.
7. FINANCIAL EFFECTS
7.2 NTA. Assuming the Proposed Disposal had been completed on 30 June 2018, being the end of the most recently completed financial year of the Company, the financial effects on the NTA per Share would be as follows:
FY2018 After the Proposed Disposal
NTA (US$&rsquo 000) 285,586 357,811
No. of issued ordinary shares 928,272,850 928,272,850
NTA per share (US cents) US 30.77 cents US 38.55 cents
7.3 EPS. Assuming the Proposed Disposal had been completed on 1 July 2017, being the beginning of the most recently completed financial year of the Company, the financial effects on EPS would be as follows:
FY2018 After the Proposed Disposal
Profit attributable to ordinary shareholders (US$&rsquo 000) 13,274 80,171
Weighted average no. of ordinary shares 928,272,850 928,272,850
EPS (US cents) US 1.43 cents US 8.64 cents
https://links.sgx.com/FileOpen/ChuanHupSGXAnnouncement.FINAL.4Jan2019.ashx?App=Announcement& FileID=539538
Platinum Equity Advisors makes S$1.33 per share cash offer for PCI
FRI, JAN 04, 2019 - 10:55 PMAMERICAN private equity firm Platinum Equity Advisors has offered to acquire all the shares of mainboard-listed PCI by way of a scheme of arrangement, at a cash offer of S$1.33 per share.
The price represents a premium of 60.1 per cent over the volume-weighted average price of PCI shares for the 12-month period up to and including Sept 17, 2018, that being the last full trading day preceding the date the company gave notice of a possible transaction.
PCI is a subsidiary of Chuan Hup Holdings, which owns a 76.7 per cent stake in PCI.
Chuan Hup has given irrevocable undertakings to the offeror to vote in favour of the scheme at a scheme meeting to be held in due course. Chuan Hup has also agreed to reject any competing offers.
PCI chief executive Teo Eng Lin and other key executives have also agreed to remain in the employment of the offeror group for a period of no less than two years.
Platinum Equity Advisors said the acquisition represents an opportunity for it to invest in a differentiated electronic manufacturing services company that has been successful in servicing an attractive, growing portfolio of customers across industrial, automotive logistics, commercial, consumer and lifestyle, and medical end-markets.
Platinum Equity Advisors said it presently has no intention to introduce any major changes to the business of PCI. It plans to delist the company from the Singapore Exchange.
DBS Bank is the financial adviser to the offeror.
Chuan Hup and PCI have requested for their trading halt to be lifted from Monday. Chuan Hup shares last changed hands at S$0.295. PCI shares last traded at S$1.13.
http://https//www.businesstimes.com.sg/companies-markets/platinum-equity-advisors-makes-s133-per-share-cash-offer-for-pci
Any idea, CH holds how many percent in PCI?
katak88 ( Date: 04-Jan-2019 09:07) Posted:
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Both Chuan Hup and PCI trading halt this morning. Possibly sale of PCI ?
PCI' s controlling shareholder approached by third party on potential transaction
TUE, SEP 18, 2018 - 10:23 PMPCI' s controlling shareholder has been approached by a third party about a potential transaction, PCI said in response to a query from the Singapore Exchange.
Shares in PCI closed at S$1.09 on Tuesday, up five cents, after hitting a high of S$1.14 in intra-day trading. The recent run-up in its share price prompted a query from the exchange on Tuesday afternoon.
In a statement on Tuesday night, PCI said: " Chuan Hup Holdings, as the controlling shareholder of the company, has informed the board that it has been approached by a third party in connection with a potential transaction in relation to the securities of the company. The discussions are on-going and there is no certainty or assurance whatsoever that these discussions will progress beyond the current stage or that any transaction will arise from these discussions."
It said that it was not aware of any other possible explanation for the trading.
https://www.businesstimes.com.sg/companies-markets/pcis-controlling-shareholder-approached-by-third-party-on-potential-transaction
Result just out. Not bad.
Secret_Squirrel ( Date: 17-Jan-2018 23:08) Posted:
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Now very strong. Price is at least 30cents and above most of the time. No chance to drop below 30cents and lower to accumulate. 
katak88 ( Date: 22-Dec-2017 16:22) Posted:
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On Nov 9, the company (PACIFIC Star Development Limited)Â said it is proposing to change its financial year-end from Dec 31 to June 30.
The reason for the change of financial year-end is to align the financial year of the company with that of Chuan Hup Holdings Limited, a mainboard-listed and a controlling shareholder of Pacific Star, to better facilitate the consolidation of its financial statements.
http://www.businesstimes.com.sg/companies-markets/pacific-star-gets-approval-for-extension-of-time-to-hold-agm
3 cents dividend which yield ~8.4%..
its subsidiary PCI also moving up..
PCI is a global electronics manufacturing services provider.
its subsidiary PCI also moving up..
PCI is a global electronics manufacturing services provider.
Seems like bullish -- a good company ....
Anyone went the AGM recently?
Morello ( Date: 27-Oct-2017 11:45) Posted:
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Yes it' s above their payout policy so there' s no certainty that it would be maintained. I was refering to the current payout. Having said that, and altho I got this below 30c, it has underperformed my expectations. It' ll prob go into a slumber after xd.
BBBulll ( Date: 26-Oct-2017 22:00) Posted:
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They only give special dividend every other year. This year likely to be 1c dividend. Dividend yield is about 5% and not 8.5% taking this into account.
Morello ( Date: 26-Oct-2017 15:36) Posted:
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hopefully it will go up to 38 cents or more 
Morello ( Date: 26-Oct-2017 15:36) Posted:
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One more week to XD for dividends of 3 cents - current yield is about 8.5%. Given the rush for tech stocks, CH px should be doing better. With electronics accounting for almost 70% of the coy' s 2016 revenue, perhaps this has been overlooked. Also has USD 102 million in cash/equivalents or almost 15 sing cents per share. Last done @ 35 cents.
Annual report availiable at SGX website. very impressive.
katak88 ( Date: 04-Oct-2017 09:19) Posted:
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CHUAN HUP HOLDINGS LIMITED
DIVIDEND (special dividend)
Ex-Date : 02 Nov 2017
Record Date : 06 Nov 2017
Date Paid/Payable Particulars : 17 Nov 2017 / SGD 0.02 ONE-TIER TAX
CHUAN HUP HOLDINGS LIMITED
DIVIDEND (final dividend)
Ex-Date : 02 Nov 2017
Record Date : 06 Nov 2017
Date Paid/Payable Particulars : 17 Nov 2017 / SGD 0.01 ONE-TIER TAX
DIVIDEND (special dividend)
Ex-Date : 02 Nov 2017
Record Date : 06 Nov 2017
Date Paid/Payable Particulars : 17 Nov 2017 / SGD 0.02 ONE-TIER TAX
CHUAN HUP HOLDINGS LIMITED
DIVIDEND (final dividend)
Ex-Date : 02 Nov 2017
Record Date : 06 Nov 2017
Date Paid/Payable Particulars : 17 Nov 2017 / SGD 0.01 ONE-TIER TAX
what happened to 100mill CHO had before takeover by PT?
I think it is all set to retest the previous highs of 0.345 highs of 2009/2015.... good going and might breakout too is things go to exteme bullishness with huge volumes.
Results out with a 3 cent dividend declared. That' s 10.9% yield. Tomorrow go up to 30 cents.