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It's one of the conditions when CEO Ming bought over the Chinese assets that the foreign bidders are complaining. So unlikely they will give a competing bid.
AndyLoss ( Date: 18-Jul-2017 16:00) Posted:
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is the counter bid coming :))
HiFive123 ( Date: 18-Jul-2017 14:32) Posted:
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a few of such huge transactions seems on-going
HiFive123 ( Date: 18-Jul-2017 14:24) Posted:
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looks like a big amount of shares transacted at 13:52:20 hr , few million lots
FATABA ( Date: 18-Jul-2017 08:54) Posted:
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" at the AGM to be held at Summit 1, Level 3, Suntec Singapore Convention & Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore 039593 on Friday, 28 July 2017 at 11.00 a.m"
HiFive123 ( Date: 18-Jul-2017 12:14) Posted:
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at Suntec convention hall, Level 3, 28/7/2017, 11am
you can check out in last year' s FY results.
you can check out in last year' s FY results.
tanakow ( Date: 18-Jul-2017 11:52) Posted:
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When and where? I threw the letter away.
subaru ( Date: 18-Jul-2017 11:50) Posted:
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anyone interested to go to the LAST AGM of GLP?
Enlightening article
Atom99 ( Date: 17-Jul-2017 22:58) Posted:
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Anyway considering the 6c dividend 3.44 total is not bad lah. " Reasonable satisfied" is the feeling.
Shooter1509 ( Date: 18-Jul-2017 09:09) Posted:
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Based on Prologist pricing, the offer should be 3.60 based on 36x EBITDA instead of 34. Not enough!
GLP is a good stock ...today just announced building the CHina adidas centre. One analyse report RNAV of 3.39 ....
Hard to find another growth counter like GLP ......if only Warburg or other give a higher offer .....LOL
Hard to find another growth counter like GLP ......if only Warburg or other give a higher offer .....LOL
A report about GLP sales to chinese consortium...
https://www.mingtiandi.com/real-estate/logistics/glp-gives-nod-to-11-6b-buyout-offer-led-by-ceo-mei-and-mainland-consortium/
https://www.mingtiandi.com/real-estate/logistics/glp-gives-nod-to-11-6b-buyout-offer-led-by-ceo-mei-and-mainland-consortium/
FATABA ( Date: 17-Jul-2017 22:32) Posted:
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I just wish to share my personal view and are still surprise they are some concern on current traded price of 3.30 ( might be even a little lower after XD) .....
1. THE deal is solid ....given and agreed by a group ( not one company) of big companies who do have some gloabl standing.
2. Together this group of companies...have agreed to pay 3.38 ( and dividend of 6c wld not be deducted out ) ....ON or Before 14th Apr 2018.
3. Now, currently there might be some parties selling off ( margin acct / ppl who dont hv the cash to hold so long/ other funds who wish to liquid out and invest in other areas....etc. )
What is important....similarly they are buyers who brought this up at the cheap ...I AM SURE Chinese gp are happy to take them up with savings.
4. Of course there is NOT 100% ganrantee....soeone mentioned world war.....BUT honestly the risk is very low. ( UNLESS these companies dont want to be aro any more....they still have to do business. GIC too will go after them legally .....deal not going thru chance is very slim or even unlikely .
5. Funds or other bidders who have gathered large qty before hand....are ALSO selling off some ( cant be carrying so large till nex year. ) THey do have other source of investment.
6. HOWEVER....fm a retail and individual pt of view ( if u hv the cash to hold ) ....collect it at just say 3.30 now means abt 4% profit before Apr 18 ( 14c profit over 3.30 investing now) .....NOW why not as this is very sure as compare to other penny counters.
7. Of course each has their own personal finance to handle....so I cant comment on those who wish to sell.
So fellow GLP investor....those who hv waited and belief in this offer....u are rewarded now , Its true ( too gd to believe haha) @$3.38 a share.
JUST time ......unless there is another higher OFFER ( which then is even BETTER news ) .....I am happily awaiting for the scheme package and the $$$.
1. THE deal is solid ....given and agreed by a group ( not one company) of big companies who do have some gloabl standing.
2. Together this group of companies...have agreed to pay 3.38 ( and dividend of 6c wld not be deducted out ) ....ON or Before 14th Apr 2018.
3. Now, currently there might be some parties selling off ( margin acct / ppl who dont hv the cash to hold so long/ other funds who wish to liquid out and invest in other areas....etc. )
What is important....similarly they are buyers who brought this up at the cheap ...I AM SURE Chinese gp are happy to take them up with savings.
4. Of course there is NOT 100% ganrantee....soeone mentioned world war.....BUT honestly the risk is very low. ( UNLESS these companies dont want to be aro any more....they still have to do business. GIC too will go after them legally .....deal not going thru chance is very slim or even unlikely .
5. Funds or other bidders who have gathered large qty before hand....are ALSO selling off some ( cant be carrying so large till nex year. ) THey do have other source of investment.
6. HOWEVER....fm a retail and individual pt of view ( if u hv the cash to hold ) ....collect it at just say 3.30 now means abt 4% profit before Apr 18 ( 14c profit over 3.30 investing now) .....NOW why not as this is very sure as compare to other penny counters.
7. Of course each has their own personal finance to handle....so I cant comment on those who wish to sell.
So fellow GLP investor....those who hv waited and belief in this offer....u are rewarded now , Its true ( too gd to believe haha) @$3.38 a share.
JUST time ......unless there is another higher OFFER ( which then is even BETTER news ) .....I am happily awaiting for the scheme package and the $$$.
nea03177 ( Date: 17-Jul-2017 19:24) Posted:
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TMW1986 thinks the deal 99% will go through. Good to have confidence. Wish everyone is like him. I am vested.
TMW1986 ( Date: 17-Jul-2017 20:41) Posted:
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The deal 99% will go through la. Now just making those desperate people to sell first and slowly head upwards. Chinese consortium can also buy now if i am not wrong if they want. Just wait awhile by end if this month maybe can hit 3.36.
ShowMeMoneyp ( Date: 17-Jul-2017 16:54) Posted:
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Maybe bro Fataba can answer this but it's not fair to him. Should ask your remisier who is paid to advise you. But from what I see there is no significance to this filing.
Starship ( Date: 17-Jul-2017 18:08) Posted:
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Any significance to this filing?
1. INTRODUCTION Merrill Lynch (Singapore) Pte. Ltd. (" MLS" ) refers to the announcement dated 14 July 2017 (" Joint Announcement" ) in relation to the proposed acquisition by Nesta Investment Holdings Limited of all the issued ordinary shares (&ldquo Shares&rdquo ) in the capital of Global Logistic Properties Limited (" Offeree" ) by way of a scheme of arrangement under Section 210 of the Companies Act (Cap. 50) of Singapore (" Scheme" ), in accordance with the Singapore Code on Take-overs and Mergers (" Code" ). All capitalised terms used and not defined herein shall have the same meanings as ascribed to them in the Joint Announcement.
2. DEALINGS Our holding entity, Bank of America Corporation (" BOA" ) and consequently, the group of corporations under BOA, is an associate of the Offeree by virtue of it holding 5% or more of the Shares in issue at the time of the relevant dealing. In addition MLS is an associate of the Offeree by virtue of it being the financial adviser to GIC Private Limited, an associate of the Offeree. Pursuant to Rule 12.1 of the Code, MLS wishes to announce the following dealings in Shares by MLS and its associates for their own account or for the account of discretionary investment clients:
Date of dealing 7/14/2017
Name of Purchaser / Seller Merrill Lynch International
Nature of dealing Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders
Total number of shares acquired / sold Sold 500,000
Price per share acquired / sold SGD 3.29
Date of dealing 7/14/2017
Name of Purchaser / Seller Merrill Lynch International
Nature of dealing Stock borrow
Total number of shares borrowed 11,000,000
Resultant total number of Shares owned or controlled: 527,189,287 shares
Percentage of Shares owned or controlled: 11.22%
http://infopub.sgx.com/FileOpen/Rule%2012.1%20of%20the%20Singapore%20Code%20on%20Take-overs%20and%20Mergers%2020170714.ashx?App=Announcement& FileID=461691
1. INTRODUCTION Merrill Lynch (Singapore) Pte. Ltd. (" MLS" ) refers to the announcement dated 14 July 2017 (" Joint Announcement" ) in relation to the proposed acquisition by Nesta Investment Holdings Limited of all the issued ordinary shares (&ldquo Shares&rdquo ) in the capital of Global Logistic Properties Limited (" Offeree" ) by way of a scheme of arrangement under Section 210 of the Companies Act (Cap. 50) of Singapore (" Scheme" ), in accordance with the Singapore Code on Take-overs and Mergers (" Code" ). All capitalised terms used and not defined herein shall have the same meanings as ascribed to them in the Joint Announcement.
2. DEALINGS Our holding entity, Bank of America Corporation (" BOA" ) and consequently, the group of corporations under BOA, is an associate of the Offeree by virtue of it holding 5% or more of the Shares in issue at the time of the relevant dealing. In addition MLS is an associate of the Offeree by virtue of it being the financial adviser to GIC Private Limited, an associate of the Offeree. Pursuant to Rule 12.1 of the Code, MLS wishes to announce the following dealings in Shares by MLS and its associates for their own account or for the account of discretionary investment clients:
Date of dealing 7/14/2017
Name of Purchaser / Seller Merrill Lynch International
Nature of dealing Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders
Total number of shares acquired / sold Sold 500,000
Price per share acquired / sold SGD 3.29
Date of dealing 7/14/2017
Name of Purchaser / Seller Merrill Lynch International
Nature of dealing Stock borrow
Total number of shares borrowed 11,000,000
Resultant total number of Shares owned or controlled: 527,189,287 shares
Percentage of Shares owned or controlled: 11.22%
http://infopub.sgx.com/FileOpen/Rule%2012.1%20of%20the%20Singapore%20Code%20on%20Take-overs%20and%20Mergers%2020170714.ashx?App=Announcement& FileID=461691
"A bird in hand is worth two in the bush"
The market is always right. You may make 6c+7c if deal ok but it doesn' t, it will go back to $2.8 and you will lose 50c