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I think so. LJHB goes in at this price, sure have some plans to boost up the price.
Who knows the background of LJHB? Can share your opinion.
Who knows the background of LJHB? Can share your opinion.
stockinvestor ( Date: 02-Feb-2022 23:28) Posted:
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The opportunity to make profit is very slim considering the transaction charge as well.
stockinvestor ( Date: 02-Feb-2022 23:28) Posted:
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I don' t think so. When ppl buying, they also need to pay transaction charge. Therefore it doesn' t make much sense to just earn less than 0.004 cent per share after deduction of transaction charge.
Pls correct me if wrong.
Pls correct me if wrong.
stockinvestor ( Date: 02-Feb-2022 23:28) Posted:
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there is an arbitrage opportunity to buy at $0.38 and accept the offer at $0.384.
sharekingsg ( Date: 28-Jan-2022 09:13) Posted:
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That is a logical conclusion. We can guess that LJHB will attempt to unlock value after obtaining 50% or more shares.
sharekingsg ( Date: 27-Jan-2022 17:08) Posted:
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Why so many ppl are queuing for 0.38?
There are so many queues at 0.38. Looks the share price may go up further after GO. Any thoughts?
Dont think LJHB is so silly and invest for loss.
Dont think LJHB is so silly and invest for loss.
Keong Hong shareholder LJHB raises stake triggers general offer for all shares at S$0.384 apiece
LJHB Holdings has raised its stake in property developer Keong Hong Holdings Keong Hong: 5TT 0% from 26.7 per cent to 45.8 per cent, triggering a mandatory conditional cash offer for all the shares it does not already own at S$0.384 per share.
This comes after LJHB entered into a sale and purchase agreement with Keong Hong chairman and chief executive officer Ronald Leo for 44.8 million shares or 19.1 per cent of the company on Friday (Jan 21), Keong Hong said in a bourse filing.
LJHB' s ultimate shareholder is Liu Haiyan and its board comprises Liu, Lin Jinru, and Chen Bin.
Once the acquisition is completed, Leo will own 11.8 per cent of Keong Hong. He has given an irrevocable undertaking to not sell his remaining stake in Keong Hong.
LJHB is obligated to make an offer for Keong Hong as its enlarged stake crosses the 30 per cent threshold.
The offeror intends to maintain Keong Hong' s listing status, but also said it " reserves the right to re-evaluate its position, including its right of compulsory acquisition" in the event Keong Hong does not meet the free float requirement.
The offer is conditional on LJHB and its concert parties receiving valid acceptances of more than 50 per cent of the total number of shares at the close of the offer.
The offer price represents a premium of 3.8 per cent on the last traded price of S$0.37 on Jan 20 - the last trading day before the announcement, Keong Hong said. The company had called for a trading halt before it made the bourse filing on Friday morning.
The price is, however, significantly below Keong Hong' s net asset value per share of S$0.678 as at Sep 30.
LJHB had acquired 21 per cent of Keong Hong' s issued share capital on Dec 15, 2021 from Leo.
Every stock surely got people buying. haha
stockinvestor ( Date: 21-Jan-2022 08:20) Posted:
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wah, this stock still got supporter ah, i thought i was talking to myself for the longest time hahaha.
MakeChanges ( Date: 21-Jan-2022 08:12) Posted:
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TRADING HALT!
LJHB declares that its current stake is 62,817,200 shares (26.73%).
stockinvestor ( Date: 07-Jan-2022 14:54) Posted:
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812,700 shares cleared $0.36 marks the first significant volume at this price for the first time since March 2020! Looks like LJHB is possibly upping the bid in the chase to 30%. We are possibly getting closer to a LJHB disclosure of having crossed the 27% mark.
someone bought 150,000 shares at $0.355
LJHB has declared that the purchase of 231,000 shares at $0.35 on 20/12 has brought its stake to 26.08%.
Looks like LJHB has resumed buying at $0.35. Need more to be done to declare that it has crossed the 26% mark.
$0.355 transacted significantly for the first time since august. 170,000 transacted there so far today.
Seems like LJHB has gotten a lot of shares at $0.35 recently. we should be expecting an announcement that it has crossed the 26% mark soon.
LJHB has indeed declared that the company has crossed the 25% mark with a purchase on 1/12.
Looks like LJHB decided to clear $0.35.
stockinvestor ( Date: 02-Dec-2021 11:02) Posted:
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