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HIAP HOE LIMITED

 



 

NEWS RELEASE: HIAP HOE STRENGTHENS INVESTMENT PORTFOLIO WITH THE ACQUISITION OF 130 STIRLING STREET IN PERTH FOR A$90 MILLION 

 

Investment holding company Hiap Hoe Strategic said it has obtained shareholders? approval at an extraordinary general meeting (EGM) held on Monday to proceed with its planned purchase of SuperBowl Holdings at S$0.75 a share.

SuperBowl is a mainboard-listed company whose principal activities include managing leisure and recreational facilities such as bowling centres and amusement centres, and investing in commercial properties.

Hiap Hoe had said it believed that " there is a strategic and operational fit between the property development and investment business" of the two companies and the offer will " create a compelling partnership for the merged property development" .

Mainboard-listed Hiap Hoe also said it planned to make SuperBowl its wholly-owned subsidiary and to delist SuperBowl, as a separate listing would incur another set of compliance costs.

 

So happy that Hiap Hoe finally made the privatization offer. Have been picking up Superbowl shares and waiting since May. :)

imperialap      ( Date: 27-May-2013 11:27) Posted: The stock is not well-covered in the first place, not many people know of this stock. Just look at the trading volume. Even if there's news, doubt many people will notice. Hiap Hoe is raising 500M from medium term notes, makes me wonder what they want to do with that money. I think there's a chance that Hiap Hoe may buy over Superbowl's share of the hotels or probably even to buy over Superbowl itself. Of course, guessing is pointless, wait for further news and see what they want to do.  :)

 

sj and investor insight promotion effect. real effective promoters

oceanblue      ( Date: 10-Oct-2013 14:31) Posted: Both Hiap Hoe and Superbowl seems to be going up? Hiap Hoe up by 2.5 cents to 82c (staying above 80c) and Superbowl up by 0.5 cents to 74c.

 

Both Hiap Hoe and Superbowl seems to be going up? Hiap Hoe up by 2.5 cents to 82c (staying above 80c) and Superbowl up by 0.5 cents to 74c.

 

 

if succeed, hiap hoe can sell the asset in pieces.

entertainment there has bowling,

estate there has properties and

they can sell  or list the hotel also.

 

 

Another scenario is everything remain " status quo" . i.e. offer @75c failed + HH did NOT revise upward 75c-offer price n then offer lapsed, everything back to sq 1.

Then what happen? HH will plunge back to 70c+, SB back to 50c+. However OSK-DMG report take for granted that 75c-offer will go thru' & hence their TP 94c for HH.

OSK-DMG says HH worth =94c if succeed but they may be selling.... no one know. DYODD.

 

Slipping back to 795....

Takeover rejected?? 

 

Yes. If takeover failed at 75c, then HH may up offer, then SB px will go up.

Opposite view: If takevover go thru at 75c, then HH may hit 94c (as OSK-DMG report).

Can roughly tell by end of today, if vol of SB still v. low then more likely = fail takeover @75c. In which case it is advisable to do a switch from HH to SB holdings.

DYODD, can go either way.

 

I think they will increase the takeover

price.

Superbowl is the cash cow of Hiap Hoe.

 

What is the chance of SB offer going thru at 75c? Yesterday only 5m shares done + today mere 0.5m, total about 1.5% of 325 issued capital. So takeover may fail.

If HH owned 70% can they buy another 20%   to cross 90% mandatory delisting?

If takeover failed, then HH price? now 83c

If takeover failed, then SB price? now 73c vs RNAV est. $1.30, any comments pls.

 

moving towards $0.93.

 

when superbowl was at $0.50 , hiap hoe

was abt $0.70.

now superbowl is at $0.73, hiap hoe

should be abt $0.93.

 

hiap hoe buy superbowl cheap, cheap

at $0.75 cents.only.

cheers.

 

Offer price 75c is super low. Hence SBowl is likely to open higher maybe > 80c tomorrow. Revised NAV > $1.30. But I don't know whether HH will be open down or up. Vested in both, more in HH.

 

hiap hoe offer $0.75 cents @ share for superbowl

 

hide in the shelter, the longer the better

under this poor sentiment condition.

 

Anybody know when trading will resume?

 

halt trading.

 

hiap hoe is the major shareholder

should benefit from the

high price swing of

superbowl.