CH Offshore

Presumably becoz the Peh's total interest never went below 30%?
Guess we'll find out their total strength if they make a counter offer...

(12-12-2014, 02:25 PM)opmi Wrote: How come chuan Hup no need to make mandatory offer when cross 30%? Was it exempted due to the Scomi RTO?

If >30%, can buy up to 2% in rolling 12 months before making offer.


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(11-12-2014, 07:07 PM)Louhan Wrote: Announcement in SGX - Cash offer of CH Offshore at $0.495.

(11-12-2014, 06:05 PM)GPD Wrote:

(11-12-2014, 04:24 PM)ngcheeki Wrote: Falcon Energy to launch takeover offer for CH Offshore: source

SINGAPORE (Dec 11): Falcon Energy Group ( Financial Dashboard), the biggest shareholder in CH Offshore (Financial Dashboard), will launch a takeover offer for the rest of the company it doesn’t already own, according to a person with knowledge of the matter.

“It’s a general offer. Falcon wants to buy out the rest of the company,” the person told theedgemarkets.com.

Falcon Energy, which provides offshore support vessels and logistics services, owns 29.1% of CH Offshore, an operator of anchor handling tug supply (AHTS) vessels.

Shares of Falcon Energy, CH Offshore and Chuan Hup Holdings ( Financial Dashboard), which owns 23.8% of CH Offshore, are halted from trading.

“The offer price is a single-digit percentage premium over the latest share price,” the person said, declining to reveal additional details.

Falcon Energy bought its 29.1% stake in CH Offshore from Malaysia-listed Scomi Marine ( Financial Dashboard) in 2010.

Scomi Marine acquired the CH Offshore stake in 2005 from Chuan Hup.

CH Offshore operates 15 AHTS vessels, nine of which are wholly owned, according to its website.

For the quarter ended Sept 30, the company earned US$5.6 million, down from US$7.4 million a year earlier despite a 15% rise in revenue. The results in the previous quarter were boosted by a write-back of provisions.

http://www.theedgemarkets.com/sg/article...ore-source

Does this means news leaked?

SGX announcement came after The Edge reported this.

So the offer information has leaked before SGX official announcement, giving advance advantage to some investors!

(12-12-2014, 09:51 PM)GPD Wrote:

(11-12-2014, 07:07 PM)Louhan Wrote: Announcement in SGX - Cash offer of CH Offshore at $0.495.

(11-12-2014, 06:05 PM)GPD Wrote:

(11-12-2014, 04:24 PM)ngcheeki Wrote: Falcon Energy to launch takeover offer for CH Offshore: source

SINGAPORE (Dec 11): Falcon Energy Group ( Financial Dashboard), the biggest shareholder in CH Offshore (Financial Dashboard), will launch a takeover offer for the rest of the company it doesn’t already own, according to a person with knowledge of the matter.

“It’s a general offer. Falcon wants to buy out the rest of the company,” the person told theedgemarkets.com.

Falcon Energy, which provides offshore support vessels and logistics services, owns 29.1% of CH Offshore, an operator of anchor handling tug supply (AHTS) vessels.

Shares of Falcon Energy, CH Offshore and Chuan Hup Holdings ( Financial Dashboard), which owns 23.8% of CH Offshore, are halted from trading.

“The offer price is a single-digit percentage premium over the latest share price,” the person said, declining to reveal additional details.

Falcon Energy bought its 29.1% stake in CH Offshore from Malaysia-listed Scomi Marine ( Financial Dashboard) in 2010.

Scomi Marine acquired the CH Offshore stake in 2005 from Chuan Hup.

CH Offshore operates 15 AHTS vessels, nine of which are wholly owned, according to its website.

For the quarter ended Sept 30, the company earned US$5.6 million, down from US$7.4 million a year earlier despite a 15% rise in revenue. The results in the previous quarter were boosted by a write-back of provisions.

http://www.theedgemarkets.com/sg/article...ore-source

Does this means news leaked?

SGX announcement came after The Edge reported this.

So many parties involved in a takeover deal, hard to expect 100% 'no leak'. This is universal everywhere. Nicolas Darvas recognised this and claimed that even though he was not an insider, he was able to pick up the 'signal' based on price movement and volume of a particular stock and sense that something is developing. Look at the volume for CHO on 20th, 27th of Nov and 1st, 8th and 10th of this month. I start to suspect CHO's price was pushed down to .445 on 8th and 9th to throw people like Nicolas Darvas off.

(12-12-2014, 09:51 PM)GPD Wrote:

(11-12-2014, 07:07 PM)Louhan Wrote: Announcement in SGX - Cash offer of CH Offshore at $0.495.

(11-12-2014, 06:05 PM)GPD Wrote:

(11-12-2014, 04:24 PM)ngcheeki Wrote: Falcon Energy to launch takeover offer for CH Offshore: source

SINGAPORE (Dec 11): Falcon Energy Group ( Financial Dashboard), the biggest shareholder in CH Offshore (Financial Dashboard), will launch a takeover offer for the rest of the company it doesn’t already own, according to a person with knowledge of the matter.

“It’s a general offer. Falcon wants to buy out the rest of the company,” the person told theedgemarkets.com.

Falcon Energy, which provides offshore support vessels and logistics services, owns 29.1% of CH Offshore, an operator of anchor handling tug supply (AHTS) vessels.

Shares of Falcon Energy, CH Offshore and Chuan Hup Holdings ( Financial Dashboard), which owns 23.8% of CH Offshore, are halted from trading.

“The offer price is a single-digit percentage premium over the latest share price,” the person said, declining to reveal additional details.

Falcon Energy bought its 29.1% stake in CH Offshore from Malaysia-listed Scomi Marine ( Financial Dashboard) in 2010.

Scomi Marine acquired the CH Offshore stake in 2005 from Chuan Hup.

CH Offshore operates 15 AHTS vessels, nine of which are wholly owned, according to its website.

For the quarter ended Sept 30, the company earned US$5.6 million, down from US$7.4 million a year earlier despite a 15% rise in revenue. The results in the previous quarter were boosted by a write-back of provisions.

http://www.theedgemarkets.com/sg/article...ore-source

Does this means news leaked?

SGX announcement came after The Edge reported this.

By the time The Edge reported this all the 3 companies already halted.

(12-12-2014, 10:30 PM)Bluechipfan Wrote:

(12-12-2014, 09:51 PM)GPD Wrote:

(11-12-2014, 07:07 PM)Louhan Wrote: Announcement in SGX - Cash offer of CH Offshore at $0.495.

(11-12-2014, 06:05 PM)GPD Wrote:

(11-12-2014, 04:24 PM)ngcheeki Wrote: Falcon Energy to launch takeover offer for CH Offshore: source

SINGAPORE (Dec 11): Falcon Energy Group ( Financial Dashboard), the biggest shareholder in CH Offshore (Financial Dashboard), will launch a takeover offer for the rest of the company it doesn’t already own, according to a person with knowledge of the matter.

“It’s a general offer. Falcon wants to buy out the rest of the company,” the person told theedgemarkets.com.

Falcon Energy, which provides offshore support vessels and logistics services, owns 29.1% of CH Offshore, an operator of anchor handling tug supply (AHTS) vessels.

Shares of Falcon Energy, CH Offshore and Chuan Hup Holdings ( Financial Dashboard), which owns 23.8% of CH Offshore, are halted from trading.

“The offer price is a single-digit percentage premium over the latest share price,” the person said, declining to reveal additional details.

Falcon Energy bought its 29.1% stake in CH Offshore from Malaysia-listed Scomi Marine ( Financial Dashboard) in 2010.

Scomi Marine acquired the CH Offshore stake in 2005 from Chuan Hup.

CH Offshore operates 15 AHTS vessels, nine of which are wholly owned, according to its website.

For the quarter ended Sept 30, the company earned US$5.6 million, down from US$7.4 million a year earlier despite a 15% rise in revenue. The results in the previous quarter were boosted by a write-back of provisions.

http://www.theedgemarkets.com/sg/article...ore-source

Does this means news leaked?

SGX announcement came after The Edge reported this.

By the time The Edge reported this all the 3 companies already halted.

Thanks. They published the article after the halt but did they received news before halt?

A few days before the announcement, there was higher volume than usual and price increase for CH Offshore, so I think the news has leaked before the announcement.

(12-12-2014, 10:34 PM)GPD Wrote:

(12-12-2014, 10:30 PM)Bluechipfan Wrote:

(12-12-2014, 09:51 PM)GPD Wrote:

(11-12-2014, 07:07 PM)Louhan Wrote: Announcement in SGX - Cash offer of CH Offshore at $0.495.

(11-12-2014, 06:05 PM)GPD Wrote: Does this means news leaked?

SGX announcement came after The Edge reported this.

By the time The Edge reported this all the 3 companies already halted.

Thanks. They published the article after the halt but did they received news before halt?

Offer document dispatched on 29 Dec:

https://opera.mas.gov.sg/ExtPortal/Publi...ument.aspx

Since offer was announced on 11 Dec, CHO has been trading above the offer price:

https://sg.finance.yahoo.com/q/hp?s=C13.SI

From 12 Dec to 2 Jan, total volume traded so far is around 41 mil shares, approximately 5.8% of total issued CHO shares.

Wait and see what and how CHO recommends with regard to the offer. Should be out within 2 weeks.

they should up the offer to 59.5 cents