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GAME ON!
http://infopub.sgx.com/FileOpen/Announcement_on_IFA%20Appointment.ashx?App=Announcement& FileID=467913
CWT LIMITED
(the " Company" )
Company Registration Number: 197000498M
(Incorporated in the Republic of Singapore)
PRE-CONDITIONAL VOLUNTARY OFFER FOR THE COMPANY
1. INTRODUCTION
The board of directors (the " Board" ) of the Company refers to the announcement released on
9 April 2017 (the " Pre-Conditional Offer Announcement" ) by HNA Belt And Road
Investments (Singapore) Pte. Ltd. (the " Offeror" ), a wholly-owned subsidiary of HNA Holding
Group Co. Limited, that subject to the fulfilment or waiver (as applicable) of the Pre
Conditions (as defined in paragraph 2.1 of the Pre-Conditional Offer Announcement), the
Offeror will make a voluntary conditional offer (the " Offer" ) for all the issued and paid-up
ordinary shares (the " Shares" ) in the capital of the Company other than those already owned,
controlled or agreed to be acquired by the Offeror, its related corporations, and their
respective nominees in accordance with Rule 15 of the Singapore Code on Take-overs and
Mergers (the " Code" ).
2. INDEPENDENT FINANCIAL ADVISER
The Board wishes to announce that it has appointed Ernst & Young Corporate Finance Pte
Ltd (the " IFA" ) as the independent financial adviser to advise the directors of the Company
(the " Directors" ) who are regarded as independent for the purposes of the Offer (if and when
made) under the Code (the " Independent Directors" ).
If and when the Offer is made, a circular containing, inter alia, the advice of the IFA and the
recommendation of the Independent Directors on the Offer (the " Offeree Circular" ) will be
sent to the shareholders of the Company (the " Shareholders" ) in due course.
3. CAUTION IN TRADING
The Company wishes to advise Shareholders to refrain from taking any action in respect of
their shares or other securities of the Company which may be prejudicial to their interests,
and to exercise caution when dealing in such shares or other securities.
4. RESPONSIBILITY STATEMENT
The Directors (including any who may have delegated detailed supervision of this
Announcement) have taken all reasonable care to ensure that the facts stated and all
opinions expressed in this Announcement are fair and accurate and that there are no other
material facts not contained in this Announcement, the omission of which would make any
statement in this Announcement misleading.
Where any information has been extracted or reproduced from published or publicly available
sources (including, without limitation, the Pre-Conditional Offer Announcement), the sole
responsibility of the Directors has been to ensure, through reasonable enquiries, that such
information is accurately and correctly extracted from such sources or, as the case may be,
accurately reflected or reproduced in this Announcement.
The Directors jointly and severally accept responsibility accordingly.
BY THE ORDER OF THE BOARD OF
CWT LIMITED
Lye Siew Hong &ndash Lynda Goh
Company Secretary
21 August 2017
http://infopub.sgx.com/FileOpen/Announcement_on_IFA%20Appointment.ashx?App=Announcement& FileID=467913
CWT LIMITED
(the " Company" )
Company Registration Number: 197000498M
(Incorporated in the Republic of Singapore)
PRE-CONDITIONAL VOLUNTARY OFFER FOR THE COMPANY
1. INTRODUCTION
The board of directors (the " Board" ) of the Company refers to the announcement released on
9 April 2017 (the " Pre-Conditional Offer Announcement" ) by HNA Belt And Road
Investments (Singapore) Pte. Ltd. (the " Offeror" ), a wholly-owned subsidiary of HNA Holding
Group Co. Limited, that subject to the fulfilment or waiver (as applicable) of the Pre
Conditions (as defined in paragraph 2.1 of the Pre-Conditional Offer Announcement), the
Offeror will make a voluntary conditional offer (the " Offer" ) for all the issued and paid-up
ordinary shares (the " Shares" ) in the capital of the Company other than those already owned,
controlled or agreed to be acquired by the Offeror, its related corporations, and their
respective nominees in accordance with Rule 15 of the Singapore Code on Take-overs and
Mergers (the " Code" ).
2. INDEPENDENT FINANCIAL ADVISER
The Board wishes to announce that it has appointed Ernst & Young Corporate Finance Pte
Ltd (the " IFA" ) as the independent financial adviser to advise the directors of the Company
(the " Directors" ) who are regarded as independent for the purposes of the Offer (if and when
made) under the Code (the " Independent Directors" ).
If and when the Offer is made, a circular containing, inter alia, the advice of the IFA and the
recommendation of the Independent Directors on the Offer (the " Offeree Circular" ) will be
sent to the shareholders of the Company (the " Shareholders" ) in due course.
3. CAUTION IN TRADING
The Company wishes to advise Shareholders to refrain from taking any action in respect of
their shares or other securities of the Company which may be prejudicial to their interests,
and to exercise caution when dealing in such shares or other securities.
4. RESPONSIBILITY STATEMENT
The Directors (including any who may have delegated detailed supervision of this
Announcement) have taken all reasonable care to ensure that the facts stated and all
opinions expressed in this Announcement are fair and accurate and that there are no other
material facts not contained in this Announcement, the omission of which would make any
statement in this Announcement misleading.
Where any information has been extracted or reproduced from published or publicly available
sources (including, without limitation, the Pre-Conditional Offer Announcement), the sole
responsibility of the Directors has been to ensure, through reasonable enquiries, that such
information is accurately and correctly extracted from such sources or, as the case may be,
accurately reflected or reproduced in this Announcement.
The Directors jointly and severally accept responsibility accordingly.
BY THE ORDER OF THE BOARD OF
CWT LIMITED
Lye Siew Hong &ndash Lynda Goh
Company Secretary
21 August 2017
Back to original offered price....
Even 9 Sept vote go through but where is the fund to delist ?
That why share still at 2.25 now while delist at 2.33
Still I need to say $$$ go into pocket then safe.
There HNA reit suppose to be IPO in sg also .....
That why share still at 2.25 now while delist at 2.33
Still I need to say $$$ go into pocket then safe.
There HNA reit suppose to be IPO in sg also .....
HNA has fixed 7 Sept to vote for the takeover of CWT, at least can see light is at the end of the tunnel,
it should augur well for the recently depressed CWT share price.
any comment?
it should augur well for the recently depressed CWT share price.
any comment?
Yup! Analyst will upgrade the TP too 2.50 & above
TMW1986 ( Date: 01-Aug-2017 20:54) Posted:
|
Result is indeed good. I not sure about its current fair value but it will reach the fair value eventually. For now just dont factor in the takeover price etc. Wait for some analysts reports then decide.
spore1 ( Date: 01-Aug-2017 19:39) Posted:
|
If CWT can pull off another quarter of similar results, it' s share price would probably surpass the 2.33 " takeover offer price" .
Anyway, here' s the link..(if it works) http://infopub.sgx.com/FileOpen/CWT_2Qand1H2017Results_PressRelease.ashx?App=Announcement& FileID=464963
MEDIA RELEASE
Editor&rsquo s note:
This media release should be read in conjunction with CWT&rsquo s unaudited financial statement for the second quarter
and half year ended 30/6/2017 issued in the results announcement dated 1 August 2017 on the SGXNET.
CWT delivers strong second quarter financial results and
record S$82 million Profit after Tax for half year 2017
Singapore, 1 August 2017 &ndash CWT Limited (&ldquo CWT or the &ldquo Group&rdquo ) (SGX:C14), a leading provider of
integrated logistics solutions and Singapore&rsquo s largest home-grown logistics provider, today announced
financial results for the second quarter (&ldquo 2Q2017&rdquo ) and half year ended 30 June 2017 (&ldquo 1H2017&rdquo )
Financial Highlights
Group CEO Comments
Loi Pok Yen, CWT Group CEO, said, &ldquo Our strong performance in the quarter was led by Engineering
Services and Commodity Marketing amidst sluggish overall market conditions. We are executing to our
strategy, accelerating business synergies and investing in growth while realising profit improvement
opportunities embedded in our business.&rdquo
2Q2017 Financial Results
For the three months ended 30 June 2017, revenue increased 9% to S$2.6 billion, gross profit expanded
27% to S$85.0 million and profit after tax surged 236% to S$50.3 million quarter-on-quarter. Net profit
attributable to common shareholders was S$49.9 million for the quarter, or earnings of 8.32 cents per
ordinary share, compared with S$13.7 million, or 2.27 cents per ordinary share, for the same period in
2016.
The surge in performance was contributed significantly by Engineering Services arising from the
finalisation of a design-and-build project as well as Commodity Marketing. The stellar second quarter
results were achieved despite a generally weaker market sentiment which affected Logistics Services and
less trade services opportunities which weakened Financial Services.
1H2017 Financial Results
For the six months ended 30 June 2017, CWT reported revenue of S$5.2 billion and gross profit of
S$167.6 million, up 22% and 11% respectively from the same period in 2016. The strong results from both
quarters in the first half of 2017 drove profit after tax to a record high S$82.0 million, a 105% increase over
the previous corresponding period.
Net profit attributable to common shareholders increased 115% to S$80.2 million for the half year, or
earnings of 13.35 cents per ordinary share, compared with S$37.3 million, or 6.22 cents per ordinary
share, for the same period in 2016. Engineering Services and Commodity Marketing were the key
contributors to the Group&rsquo s solid performance for the half year.
As at 30 June 2017, CWT has cash and cash equivalents of S$260.5 million, total equity of S$925.7
million and S$3.8 billion in total assets. There were approximately 600.3 million ordinary shares issued and
outstanding at the end of first half 2017.
Logistics Capacity Expansion
The construction of CWT mega integrated logistics hub is in progress. Levels 1 and 2 of the warehouse
obtained TOP on 16 Feb 2017, while levels 3, 5, 6 and 7 obtained TOP on 2 May 2017. The warehouse is
targeted to complete by third quarter 2017.
-End
Anyway, here' s the link..(if it works) http://infopub.sgx.com/FileOpen/CWT_2Qand1H2017Results_PressRelease.ashx?App=Announcement& FileID=464963
MEDIA RELEASE
Editor&rsquo s note:
This media release should be read in conjunction with CWT&rsquo s unaudited financial statement for the second quarter
and half year ended 30/6/2017 issued in the results announcement dated 1 August 2017 on the SGXNET.
CWT delivers strong second quarter financial results and
record S$82 million Profit after Tax for half year 2017
Singapore, 1 August 2017 &ndash CWT Limited (&ldquo CWT or the &ldquo Group&rdquo ) (SGX:C14), a leading provider of
integrated logistics solutions and Singapore&rsquo s largest home-grown logistics provider, today announced
financial results for the second quarter (&ldquo 2Q2017&rdquo ) and half year ended 30 June 2017 (&ldquo 1H2017&rdquo )
Financial Highlights
Group CEO Comments
Loi Pok Yen, CWT Group CEO, said, &ldquo Our strong performance in the quarter was led by Engineering
Services and Commodity Marketing amidst sluggish overall market conditions. We are executing to our
strategy, accelerating business synergies and investing in growth while realising profit improvement
opportunities embedded in our business.&rdquo
2Q2017 Financial Results
For the three months ended 30 June 2017, revenue increased 9% to S$2.6 billion, gross profit expanded
27% to S$85.0 million and profit after tax surged 236% to S$50.3 million quarter-on-quarter. Net profit
attributable to common shareholders was S$49.9 million for the quarter, or earnings of 8.32 cents per
ordinary share, compared with S$13.7 million, or 2.27 cents per ordinary share, for the same period in
2016.
The surge in performance was contributed significantly by Engineering Services arising from the
finalisation of a design-and-build project as well as Commodity Marketing. The stellar second quarter
results were achieved despite a generally weaker market sentiment which affected Logistics Services and
less trade services opportunities which weakened Financial Services.
1H2017 Financial Results
For the six months ended 30 June 2017, CWT reported revenue of S$5.2 billion and gross profit of
S$167.6 million, up 22% and 11% respectively from the same period in 2016. The strong results from both
quarters in the first half of 2017 drove profit after tax to a record high S$82.0 million, a 105% increase over
the previous corresponding period.
Net profit attributable to common shareholders increased 115% to S$80.2 million for the half year, or
earnings of 13.35 cents per ordinary share, compared with S$37.3 million, or 6.22 cents per ordinary
share, for the same period in 2016. Engineering Services and Commodity Marketing were the key
contributors to the Group&rsquo s solid performance for the half year.
As at 30 June 2017, CWT has cash and cash equivalents of S$260.5 million, total equity of S$925.7
million and S$3.8 billion in total assets. There were approximately 600.3 million ordinary shares issued and
outstanding at the end of first half 2017.
Logistics Capacity Expansion
The construction of CWT mega integrated logistics hub is in progress. Levels 1 and 2 of the warehouse
obtained TOP on 16 Feb 2017, while levels 3, 5, 6 and 7 obtained TOP on 2 May 2017. The warehouse is
targeted to complete by third quarter 2017.
-End
TMW1986 ( Date: 01-Aug-2017 18:56) Posted:
|
CWt with this kind of good set of financial result can easily be trading at 2.60 & above . Huat ah .
TMW1986 ( Date: 01-Aug-2017 18:56) Posted:
|
Dont expect takeover already. High chance it wont go through. So wi drop to its fair value.
spore1 ( Date: 01-Aug-2017 18:55) Posted:
|
CWT hosey! 2nd qtr net profit up 115% to 82.1m. EPS 13.35 cents. Tmr is going to Gap up to 2.20 and above .
https://www.bloomberg.com/news/articles/2017-07-27/hna-is-said-to-face-lender-questions-on-1-billion-cwt-takeover
The deal is definitely dead !!!
The deal is definitely dead !!!
Below are the 4 major company target by Xi-Jinping. Fyi !
Last month, President-Xi-Jinping-approved crackdown on the international acquisitions of private Chinese companies went into effect, with banking regulators being sicked upon a handful big firms who had been stuffing their international portfolios in recent years. The main targets were four companies who were responsible for a full 18% ($55 billion) of China&rsquo s foreign investments over the past two years: HNA Group, Anbang Insurance Group, Fosun International, and Wanda &mdash with the later being outright prohibited from taking out new loans from state-owned banks.
Last month, President-Xi-Jinping-approved crackdown on the international acquisitions of private Chinese companies went into effect, with banking regulators being sicked upon a handful big firms who had been stuffing their international portfolios in recent years. The main targets were four companies who were responsible for a full 18% ($55 billion) of China&rsquo s foreign investments over the past two years: HNA Group, Anbang Insurance Group, Fosun International, and Wanda &mdash with the later being outright prohibited from taking out new loans from state-owned banks.
Seem like quite many go into the gambling games after SGX announcement.
But just wander will HNA able to get the fund.
Those whose vested wish your good luck.
Below are just some search form bloomberg :
https://www.bloomberg.com/search?query=CWT
https://www.bloomberg.com/search?query=HNA
But just wander will HNA able to get the fund.
Those whose vested wish your good luck.
Below are just some search form bloomberg :
https://www.bloomberg.com/search?query=CWT
https://www.bloomberg.com/search?query=HNA
Well, that was fast,... after our comment here 2 nights ago abt ensuring the investing public is aware of ongoing events, all these news popped-up. The article below stated that the CWT Board has written to the Offeror Company and to their Parent Company in HK, asking when can the Gen Mtg on this buyover be held.
For which, the other updates here are given by the parent company. Goes to show too that there are many interested parties monitoring this forum,....
http://infopub.sgx.com/FileOpen/Update_Announcement_26Jul2017.ashx?App=Announcement& FileID=464067
For which, the other updates here are given by the parent company. Goes to show too that there are many interested parties monitoring this forum,....
http://infopub.sgx.com/FileOpen/Update_Announcement_26Jul2017.ashx?App=Announcement& FileID=464067
chengwh1 ( Date: 24-Jul-2017 21:58) Posted:
|
Seems good news! Hopefully price will rise ..
luvkarena ( Date: 26-Jul-2017 19:10) Posted:
|
http://www.hkexnews.hk/listedco/listconews/sehk/2017/0726/LTN20170726563.pdf
海航???I集?F股份有限公司
HNA HOLDING GROUP CO. LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 521)
UPDATE ON VERY SUBSTANTIAL ACQUISITION
Reference is made to the announcement of HNA Holding Group Co. Limited (the
&ldquo Company&rdquo ) dated 9 April 2017 (the &ldquo Announcement&rdquo ) and the circular of the Company
dated 30 June 2017 (the &ldquo Circular&rdquo ). Unless otherwise defined, capitalised terms used herein
shall have the same meaning as those defined in the Circular.
As disclosed in the Announcement and the Circular, one of the Pre-Conditions is: &ldquo the
Shareholders having approved the Acquisition at a general meeting of the Company pursuant
to the requirements of the Hong Kong Listing Rules&rdquo . The Company has been preparing for
the GM. The Company wishes to inform the Shareholders that the GM is scheduled to be
convened on a date between the end of August 2017 and early September 2017. The exact
date and time and the venue of the GM will be disclosed in the notice of the GM and the
proxy form to be issued to the Shareholders in compliance with all relevant requirements
under the Hong Kong Listing Rules and the articles of association of the Company.
Hong Kong, 26 July 2017
海航???I集?F股份有限公司
HNA HOLDING GROUP CO. LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 521)
UPDATE ON VERY SUBSTANTIAL ACQUISITION
Reference is made to the announcement of HNA Holding Group Co. Limited (the
&ldquo Company&rdquo ) dated 9 April 2017 (the &ldquo Announcement&rdquo ) and the circular of the Company
dated 30 June 2017 (the &ldquo Circular&rdquo ). Unless otherwise defined, capitalised terms used herein
shall have the same meaning as those defined in the Circular.
As disclosed in the Announcement and the Circular, one of the Pre-Conditions is: &ldquo the
Shareholders having approved the Acquisition at a general meeting of the Company pursuant
to the requirements of the Hong Kong Listing Rules&rdquo . The Company has been preparing for
the GM. The Company wishes to inform the Shareholders that the GM is scheduled to be
convened on a date between the end of August 2017 and early September 2017. The exact
date and time and the venue of the GM will be disclosed in the notice of the GM and the
proxy form to be issued to the Shareholders in compliance with all relevant requirements
under the Hong Kong Listing Rules and the articles of association of the Company.
| By order of the Board HNA HOLDING GROUP CO. LIMITED Xu Haohao Executive Director |
Hong Kong, 26 July 2017
luvkarena ( Date: 26-Jul-2017 19:10) Posted:
|
The general meeting was just annouced... HNA group are still interested to buy CWT... expecting a run up in price tmr....
http://www.hkexnews.hk/listedco/listconews/sehk/2017/0726/LTN20170726563.pdf
http://www.hkexnews.hk/listedco/listconews/sehk/2017/0726/LTN20170726563.pdf
Digging out for more shitt better avoid.
https://www.bloomberg.com/news/articles/2017-07-25/hna-mystery-man-gives-away-a-fortune-and-raises-fresh-questions
https://www.bloomberg.com/news/articles/2017-07-25/hna-mystery-man-gives-away-a-fortune-and-raises-fresh-questions
http://www.reuters.com/article/us-hna-group-structure-idUSKBN1A914O
If HNA is stopping the acquisition plans, there should be an official ann' t in SGXNet,... The Pre-Conditional General Offer earlier should be declared invalid. Let' s see tomorrow,....