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Can someone send this Sharejunction link to Sias, SGX and Mas to let them know of how small investors like us are being squeezed in this Sin Heng deal by major shareholders. Thanks.
tonyphua ( Date: 20-Mar-2025 15:23) Posted:
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The Management has abt 58%+ of the shares currently. That's where all the scooping up of the shares in the market now, it cld be the management. Effectively, they r paying only 53cts, wif 5 cts div coming.
So, consider not selling and not accepting the offer. Hope for better offers. Wish all minority shareholders can unite and force a mush better offer. Anw, receiving 5cts is close to 10% of the share offer price. At the same time hope SIAS or SGX or MAS can help us get a fair offer. Thanks.
So, consider not selling and not accepting the offer. Hope for better offers. Wish all minority shareholders can unite and force a mush better offer. Anw, receiving 5cts is close to 10% of the share offer price. At the same time hope SIAS or SGX or MAS can help us get a fair offer. Thanks.
https://www.businesstimes.com.sg/companies-markets/suntec-reit-unitholders-should-reject-revised-s1-19-unit-offer-morningstar
Do the minority shareholders have at least 10%
Should hold out for a more justified offer. I lose more than half of my initial investment capital at this price :(
Should hold out for a more justified offer. I lose more than half of my initial investment capital at this price :(
ysh2006 ( Date: 20-Mar-2025 14:57) Posted:
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No worry 90% than can else like Amara hotel still listed lah.
cowabunga ( Date: 20-Mar-2025 14:44) Posted:
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Yes very smelly these owners. The actual price you get is a mere 53cts + 5cts dividend = 58cts already factored in.
Because they will makan the dividends if you sell to them 58cts. If you wait to receive the dividends first 5cts they will just minus off the dividends payments before paying you the balance. Balance 53cts
Small shareholders kena played either way.
Paging white knight(s)
Because they will makan the dividends if you sell to them 58cts. If you wait to receive the dividends first 5cts they will just minus off the dividends payments before paying you the balance. Balance 53cts
Small shareholders kena played either way.
Paging white knight(s)
Seems that it' s only $0.53 cts either way...double confirm from ChatGPT.....
Can you check the details from Maybank documents on Sin Heng Mechanical Pte shares Offer and confirm this point.
Based on the information from Maybank' s announcement regarding the offer for Sin Heng Heavy Machinery shares, the Offer Price of $0.58 per share includes the right to receive any distributions (such as dividends) declared, paid, or made by the company on or after the Offer Announcement Date2.
If a shareholder accepts the offer and has already received any distributions (e.g., dividends) before accepting, the Offer Price will be reduced by the amount of those distributions2. Once the shares are transferred to the offeror, any future declared dividends will belong to the offeror, as the shareholder no longer owns the shares2.
This aligns with your understanding that after accepting the offer, the offeror will receive any declared dividends paid subsequently. Let me know if you' d like further clarification or assistance!
Can you check the details from Maybank documents on Sin Heng Mechanical Pte shares Offer and confirm this point.
Based on the information from Maybank' s announcement regarding the offer for Sin Heng Heavy Machinery shares, the Offer Price of $0.58 per share includes the right to receive any distributions (such as dividends) declared, paid, or made by the company on or after the Offer Announcement Date2.
If a shareholder accepts the offer and has already received any distributions (e.g., dividends) before accepting, the Offer Price will be reduced by the amount of those distributions2. Once the shares are transferred to the offeror, any future declared dividends will belong to the offeror, as the shareholder no longer owns the shares2.
This aligns with your understanding that after accepting the offer, the offeror will receive any declared dividends paid subsequently. Let me know if you' d like further clarification or assistance!
tonyphua ( Date: 20-Mar-2025 14:31) Posted:
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Check with ChatGPT...
You' re absolutely right! If you accept the offer and transfer your shares to the offeror at $0.58, any dividends declared or paid after that acceptance will belong to the offeror, not you. This is because the shares (and their associated rights, like future dividend entitlements) will now be owned by the offeror.
The $0.58 Offer Price includes the assumption that any dividends declared before you accept the offer are factored in. However, once you&rsquo ve accepted and the shares are transferred, the offeror gains the right to receive any future declared dividends associated with those shares. Thank you for clarifying&mdash that&rsquo s a crucial point!
tonyphua ( Date: 20-Mar-2025 14:15) Posted:
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Quoted from Maybank Securities document for this Offer...
Adjustment for Distributions
Without prejudice to the foregoing, the Offer Price has been determined on the basis that the Offer Shares will be acquired with the right to receive any Distribution that may be declared, paid or made by the Company on or after the Offer Announcement Date (including the first and final one-tier tax exempt dividend of S$0.01 and the special one-tier tax exempt dividend of S$0.04 per Share for the financial year ended 31 December 2024 proposed by the directors of the Company (the &ldquo FY2024 Dividends&rdquo ).
In the event that any Distribution has been paid or made by the Company to a Shareholder who accepts the Offer, the Offer Price payable to such accepting Shareholder shall be reduced by an amount which is equal to the amount of such Distribution paid or made by the Company to such accepting Shareholder.
Adjustment for Distributions
Without prejudice to the foregoing, the Offer Price has been determined on the basis that the Offer Shares will be acquired with the right to receive any Distribution that may be declared, paid or made by the Company on or after the Offer Announcement Date (including the first and final one-tier tax exempt dividend of S$0.01 and the special one-tier tax exempt dividend of S$0.04 per Share for the financial year ended 31 December 2024 proposed by the directors of the Company (the &ldquo FY2024 Dividends&rdquo ).
In the event that any Distribution has been paid or made by the Company to a Shareholder who accepts the Offer, the Offer Price payable to such accepting Shareholder shall be reduced by an amount which is equal to the amount of such Distribution paid or made by the Company to such accepting Shareholder.
tonyphua ( Date: 20-Mar-2025 14:08) Posted:
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The Book Value of this stock is almost $0.99, and yet the offer is only 0.58. This offer also excludes the 5cts dividend if the offer date precedes the ex-dividend date. So, in actual, one is only getting 0.53. This is way below valuation and this TAL Group dare even make such an offer.
Note that the TAN AL Family and another partner has ganged up to form this &ldquo new&rdquo Company TAL to make this offer. In the initial document, it stated that the new Company do not have any business nor make any transactions with respect to the current Company, SH. However, these are exactly the same owners and Management of current SH and the Offering Company. How can they declare they do not have any links when they, the humans, are making all decisions and management of SH? Surely, the spirit here is not related to non-living things (like a new company) but the humans running & managing them!
So, pse think clearly before you accept this offer. We hope a White Knight can come rescue us from such humiliation as I believe many bought this stock in the high 0.70s and had held it for many years.
I also hope someone can highlight this low-standard offer to the relevant Authority, esp SIAS, SGX or even MAS. The minority shareholders are been victimised here!
The figures below are quoted from Philip Securities...
Note that the TAN AL Family and another partner has ganged up to form this &ldquo new&rdquo Company TAL to make this offer. In the initial document, it stated that the new Company do not have any business nor make any transactions with respect to the current Company, SH. However, these are exactly the same owners and Management of current SH and the Offering Company. How can they declare they do not have any links when they, the humans, are making all decisions and management of SH? Surely, the spirit here is not related to non-living things (like a new company) but the humans running & managing them!
So, pse think clearly before you accept this offer. We hope a White Knight can come rescue us from such humiliation as I believe many bought this stock in the high 0.70s and had held it for many years.
I also hope someone can highlight this low-standard offer to the relevant Authority, esp SIAS, SGX or even MAS. The minority shareholders are been victimised here!
The figures below are quoted from Philip Securities...
&ldquo Extracted from Philips Securities&rdquo &hellip
Sin Heng Heavy Machinery Limited
Stock Data
Financial Strength
Valuation
Sin Heng Heavy Machinery Limited
Stock Data
| Market Cap (SGD ' mil) | 61.68 |
| Common Shares Outstanding (' mil) | 107.27 |
| 52 Week High (SGD) | 0.595 |
| 52 Week Low (SGD) | 0.450 |
| Current Ratio | 7.75 |
| Quick Ratio | 7.44 |
| Common Equity (Total) (SGD ' mil) | 107.54 |
| Total Debt (SGD ' mil) | 5.81 |
| Operating Profit Per Share | 0.06 |
| Free Cash Flow to Equity (TTM) (SGD ' mil) | 12.59 |
| P/E Ratio (TTM) | 10.00 |
| Price To Earnings - Closing Price As Of Fiscal Period End | 10.00 |
| Price To Book Value - Closing Price As Of Last Trading Day | 0.58 |
| Book Value Per Share | 0.9889 |
| EPS - Basic - Before Extraordinaries | 0.0575 |
tonyphua ( Date: 20-Mar-2025 13:53) Posted:
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Folks know that 58cts is the takeover price right? Maybe Sin Heng can even go higher if got competing offre.
So clueless newbies who sell now at 57.5cts lose brokerage fees and 0.5cts. Really kumgong
So clueless newbies who sell now at 57.5cts lose brokerage fees and 0.5cts. Really kumgong
And that was in 2015!
It was trading around 80 cts before the reverse 5 for 1 split.
At least takeover around 70 cts will be acceptable.
At least takeover around 70 cts will be acceptable.
To sell at 57.5cts and pay brokerage fees is kumgong especially when the privatization offer is 58cts.
Like Suntec REITs
I supposed very likely it will increase the offer because they said won't increase but later likely will increase ...
Anyway no real rush to sell. The buyout price is 58cts anyway. You sell now at 58 cts is LL and incur brokerage charges.
Wait for the letter.
Wait for the letter.
Interesting this part:
TAL United said the offer price is final but may be revised if a competing bid emerges.
TAL United said the offer price is final but may be revised if a competing bid emerges.
06:36 PM EDT, 03/16/2025 (MT Newswires) -- TAL United plans to make a voluntary unconditional cash offer of SG$0.58 per share for Sin Heng Heavy Machinery (SGX:BKA), according to a Friday filing on the Singapore Exchange.
The offer, made through Maybank Securities, values the company at SG$66.6 million, excluding treasury shares. TAL United said the offer price is final but may be revised if a competing bid emerges.
The offer will be adjusted for any dividends declared after the offer announcement date, including a proposed first and final one-tier tax-exempt dividend of SG$0.01 and a special one-tier tax-exempt dividend of SG$0.04 for the financial year ended Dec. 31, 2024.
TAL United has secured irrevocable undertakings from key shareholders representing about 58.42% of Sin Heng's outstanding shares, including 29.68% held by TAL Holdings and 28.46% held by United Hope.
Copyright © 2025 MT Newswires, http://www.mtnewswires.com. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
The offer, made through Maybank Securities, values the company at SG$66.6 million, excluding treasury shares. TAL United said the offer price is final but may be revised if a competing bid emerges.
The offer will be adjusted for any dividends declared after the offer announcement date, including a proposed first and final one-tier tax-exempt dividend of SG$0.01 and a special one-tier tax-exempt dividend of SG$0.04 for the financial year ended Dec. 31, 2024.
TAL United has secured irrevocable undertakings from key shareholders representing about 58.42% of Sin Heng's outstanding shares, including 29.68% held by TAL Holdings and 28.46% held by United Hope.
Copyright © 2025 MT Newswires, http://www.mtnewswires.com. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.