Jaya Holdings

PEs buying-in to arbitrage for the pay-out?

(06-05-2014, 08:25 PM)brattzz Wrote: PEs buying-in to arbitrage for the pay-out?

what u mean???

Jaya is likely target for RTO.

Jaya
Stephen Le
Chairman

Appointed as Chairman of the Group since 31 March 2011, Mr Stephen
Le, 37, was last re-elected at the Annual General Meeting held on 25
October 2011. He is also a member of the Nomination Committee.
Mr Le is currently a Managing Director and Head of Deutsche Bank’s
Strategic Investment Group (“SIG”) in Asia Pacific. He joined the SIG in
2001 to build out the trading business in the region. In 2004, he built
out Deutsche Bank’s Greater China investment activities which included
managing a very significant 3rd party co-investment programs investing
in state owned enterprise restructuring, distressed corporates and real
estate, NPL portfolio and other strategic joint ventures. Prior to joining
Deutsche Bank, Mr Le worked at Goldman Sachs in a top ranked equity
research team focused on energy and petrochemical companies.


I believe with his network/connection, it will be possible for RTO to take place.
But I will only take small position until more news come out.

SGX Query 1:
Question 1: Are you (the issuer) aware of any information not previously announced concerning you,
your subsidiaries or associated companies which, if known, might explain the trading? Such
information may include events that are potentially material and price-sensitive, such as discussions
and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a
significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further
examples. If yes, the information shall be announced immediately.
Response to SGX Query 1:
The Board is not aware of any information not previously announced concerning the Company which,
if known, might explain the trading.

SGX Query 2:
Question 2: Are you aware of any other possible explanation for the trading? Such information may
include public circulation of information by rumours or reports.
Response to SGX Query 2:
The Board notes that the Business Times online edition had on 17 July 2014 published an article
entitled “Hot stocks: Jaya rallies further on RTO speculation” (the “Article”) which reported
speculation of a reverse takeover. The Board wishes to highlight that the speculation is unfounded
and to date, there is no material development which is required to be announced pursuant to the
listing rules of the SGX-ST.

http://infopub.sgx.com/FileOpen/Jaya_SGX...eID=305819

The current MC is around 30 million, and half might be gone...

(not vested)

Jaya Holdings receives $15.6-million claim for alleged breach of contract

SINGAPORE (Dec 2): Mermaid Marine Asia, which acquired Jaya Holdings ( Financial Dashboard)' shipbuilding and vessel chartering businesses earlier this year, is seeking $15.6 million from the Mainboard-listed company, alleging a breach of warranties under their sale and purchase agreement.

Jaya, now a shell entity, is seeking more information from Mermaid Marine Asia, a subsidiary of Australia-listed Mermaid Marine Australia, on the allegations set out in its notice of claim, it said in a statement this morning.

Jaya sold its businesses for $625 million and paid out the bulk of the proceeds to shareholders.

It is in the process of studying various options to maximize value for shareholders. These include selling the listed shell.
http://www.theedgemarkets.com/sg/article...h-contract

PE timing is so shrewed... Jaya sold entire assets for slightly less than BV and now we know why... Mermaid will surely be hunting for needles in the hay stack to recoup as much as possible...

(02-12-2014, 10:23 AM)CityFarmer Wrote: The current MC is around 30 million, and half might be gone...

(not vested)

Jaya Holdings receives $15.6-million claim for alleged breach of contract

SINGAPORE (Dec 2): Mermaid Marine Asia, which acquired Jaya Holdings ( Financial Dashboard)' shipbuilding and vessel chartering businesses earlier this year, is seeking $15.6 million from the Mainboard-listed company, alleging a breach of warranties under their sale and purchase agreement.

Jaya, now a shell entity, is seeking more information from Mermaid Marine Asia, a subsidiary of Australia-listed Mermaid Marine Australia, on the allegations set out in its notice of claim, it said in a statement this morning.

Jaya sold its businesses for $625 million and paid out the bulk of the proceeds to shareholders.

It is in the process of studying various options to maximize value for shareholders. These include selling the listed shell.
http://www.theedgemarkets.com/sg/article...h-contract

(02-12-2014, 10:38 AM)greengiraffe Wrote: PE timing is so shrewed... Jaya sold entire assets for slightly less than BV and now we know why... Mermaid will surely be hunting for needles in the hay stack to recoup as much as possible...

(02-12-2014, 10:23 AM)CityFarmer Wrote: The current MC is around 30 million, and half might be gone...

(not vested)

Jaya Holdings receives $15.6-million claim for alleged breach of contract

SINGAPORE (Dec 2): Mermaid Marine Asia, which acquired Jaya Holdings ( Financial Dashboard)' shipbuilding and vessel chartering businesses earlier this year, is seeking $15.6 million from the Mainboard-listed company, alleging a breach of warranties under their sale and purchase agreement.

Jaya, now a shell entity, is seeking more information from Mermaid Marine Asia, a subsidiary of Australia-listed Mermaid Marine Australia, on the allegations set out in its notice of claim, it said in a statement this morning.

Jaya sold its businesses for $625 million and paid out the bulk of the proceeds to shareholders.

It is in the process of studying various options to maximize value for shareholders. These include selling the listed shell.
http://www.theedgemarkets.com/sg/article...h-contract

surprisingly Mr. Market didn't react much on the claim...ppl are willing to pay such premium to a empty shell....

Yes, it seems very likely so...

(02-12-2014, 10:38 AM)greengiraffe Wrote: PE timing is so shrewed... Jaya sold entire assets for slightly less than BV and now we know why... Mermaid will surely be hunting for needles in the hay stack to recoup as much as possible...

(02-12-2014, 10:23 AM)CityFarmer Wrote: The current MC is around 30 million, and half might be gone...

(not vested)

Jaya Holdings receives $15.6-million claim for alleged breach of contract

SINGAPORE (Dec 2): Mermaid Marine Asia, which acquired Jaya Holdings ( Financial Dashboard)' shipbuilding and vessel chartering businesses earlier this year, is seeking $15.6 million from the Mainboard-listed company, alleging a breach of warranties under their sale and purchase agreement.

Jaya, now a shell entity, is seeking more information from Mermaid Marine Asia, a subsidiary of Australia-listed Mermaid Marine Australia, on the allegations set out in its notice of claim, it said in a statement this morning.

Jaya sold its businesses for $625 million and paid out the bulk of the proceeds to shareholders.

It is in the process of studying various options to maximize value for shareholders. These include selling the listed shell.
http://www.theedgemarkets.com/sg/article...h-contract

(02-12-2014, 11:01 AM)desmondxyz Wrote: surprisingly Mr. Market didn't react much on the claim...ppl are willing to pay such premium to a empty shell....

How much do you think an empty shell for an RTO "option" is worth vs a lengthy IPO process?