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261-280 of 1912
TP miscalciulated this game. Oxley screws them up !
T-2
Will it be furthe extended or show hand
Will it be furthe extended or show hand
Highly unlikely Oxley will not want to offload its holding in UE because they have their own direct developements to look after , Likely Oxley just want to earn some quick bucks in this endeavour . Looks like YP will have to raise its offer price ,and Oxley is in the money already.
Alternatively, if there is no agreement with UE, YL can make a second offer of 2.90 to 3.00 and probably will easily cross 51% without UE' s help, as $3 will be 10% above recent market price of 2.70 to 2.72. Could the extension be due to ongoing discussions with Oxley to try to work out a cheaper option, not forgetting that YL could end up with more than 51% if shareholders rush to sell out to them at 3.00. Figures are all plucked from sky, I have no inside info at all, just speculating.
Supposing Oxley partner with the YL, both maintaining their shares, the combined holding exceed 51%. With the shareholder voting rights, they can change the board and install their own representatives, after which they can begin to do anything to the UE assets as they choose.
nea03177 ( Date: 15-Sep-2017 07:56) Posted:
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Believe YP was with the intention of striping the assets of UE after gaining control , that was why they wanted to cross 50% and have a MO , so as to gain at lease 75% of the shares. They didnt expect Oxley join in the game also .
Not acting in concert la. Oxley can block YP if YP de ide ti stripe UE assets for piece sales if YP fails to garner 75 % of votes.
Has anyone sought brokers or legal advisers or SGX's comments on whether Oxley and YL's Consortium can collaborate and hit above 50% of shareholdings?. My brokers have advised that YL& Consortium do not intend to raise their offer. They just want to keep UEL listed.
desmodeus ( Date: 15-Sep-2017 00:02) Posted:
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sorry about earlier post. error in paragraphing
if acting in concert, offer price will be the highest price bought
YP made their move to get on board. Yanlord executive director. what will the Oxley side do
if acting in concert, then offer price will be highest pice paid
YP made their move on board seats. Yanlord executive seat. Will Oxley respond by increasing shareholding to get clout?
T-3
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YP made their move to get on board. Yanlord executive director. what will the Oxley side do
if acting in concert, then offer price will be highest pice paid
YP made their move on board seats. Yanlord executive seat. Will Oxley respond by increasing shareholding to get clout?
T-3
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kirana ( Date: 14-Sep-2017 20:43) Posted:
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Could be actually a collaboration, contrary to all the believe? What the amass is now close to what the offeror needs!
Her figure and shape is very good. But she is too ugly till ppl has 2nd thought lol 😂
jackson5 ( Date: 14-Sep-2017 15:20) Posted:
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Ching Chiat Kwong is substantial shareholder of Oxley Holdings Ltd. Oxley buys UEL from open market so Ching & Low Swee Ching has to declare their interest in UEL. Ching's deemed interest as declared at 5.48 pm is 14.1%. Low's declaration at 5.49pm states she has a direct interest of 1.02, plus deemed interest of 14.09 is 15.11. She has more than Ching because she owns direct interest. Ching does not have direct interest.
kirana ( Date: 14-Sep-2017 18:06) Posted:
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Everyday can see 3 news release. This time seems like Ching reducing? But Low is increasing! Now crosses 15%
Stupid to extend . Can sell higher than 2.60 in open market .
Looks like for now will be 2.70-2.73 range bound. How much does each extension of one week cost? If keep extending also will deplete the RNAV of UE? Maybe keep going till that value drop to 2.70?
recount balek
T-4
T-4
will be interesting how long they can stretch and extend and by all account, their hands are tied unless the improved offer is compelling to get them the necessary % to cross 50%.
Even if / when the current offer lapses, the show could take an interesting turn
(Luckily for) Minority ..... can sit on sidelines and watch .............................
Even if / when the current offer lapses, the show could take an interesting turn
(Luckily for) Minority ..... can sit on sidelines and watch .............................
desmodeus ( Date: 13-Sep-2017 10:29) Posted:
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bloomberg nicely sum up the saga so far.
ocbc/ge under pressure to sell because they are financial institutions. non-banking is non core. anyway third generation Lees are not interested in business.
my guess is the exercise will not be futile. too much effort, time and money. there will be a revised offer. how much is anyone' s guess.
have fun
ocbc/ge under pressure to sell because they are financial institutions. non-banking is non core. anyway third generation Lees are not interested in business.
my guess is the exercise will not be futile. too much effort, time and money. there will be a revised offer. how much is anyone' s guess.
have fun
not_98percent ( Date: 13-Sep-2017 09:22) Posted:
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No one can help you if your stance is selective-reading.
Anyway nice article here
https://www.bloomberg.com/gadfly/articles/2017-09-12/ocbc-s-cheap-singapore-asset-sale-takes-some-explaining
Anyway nice article here
https://www.bloomberg.com/gadfly/articles/2017-09-12/ocbc-s-cheap-singapore-asset-sale-takes-some-explaining