Keppel Land

Hehe, I also in CK Tang, Jurong Cement, Gen Mag, Goodwood Park, Giant Wireless and so many uncountable counters... all wroteoff liao...

Some good and mostly bad... I don't quite bother liao but enjoying the process.

Actually, I am also squatting on some listed "pte" co waiting for further values to be unlocked like HPL... most of these cos must be asset heavy and values to be unlocked as a pte delisted co.

No Worries

(16-07-2015, 02:31 PM)GFG Wrote:

(16-07-2015, 02:12 PM)cfa Wrote: Odd lot SHs can be a pain in the neck of the major SH. Just look at CK Tang.

How so?
CK Tang the major SH wanted to buy out to own 100%
If the major SH doesn't want to, what exactly can the minorities do in a private company?

(16-07-2015, 03:23 PM)greengiraffe Wrote: Hehe, I also in CK Tang, Jurong Cement, Gen Mag, Goodwood Park, Giant Wireless and so many uncountable counters... all wroteoff liao...

Some good and mostly bad... I don't quite bother liao but enjoying the process.

Actually, I am also squatting on some listed "pte" co waiting for further values to be unlocked like HPL... most of these cos must be asset heavy and values to be unlocked as a pte delisted co.

No Worries

(16-07-2015, 02:31 PM)GFG Wrote:

(16-07-2015, 02:12 PM)cfa Wrote: Odd lot SHs can be a pain in the neck of the major SH. Just look at CK Tang.

How so?
CK Tang the major SH wanted to buy out to own 100%
If the major SH doesn't want to, what exactly can the minorities do in a private company?

Just to emphasize, I m not saying being minority in a pte company is necessarily bad.
My point is, it's a different ball game altogether
You have no control and are relying on the major SH to be capable AND honest
If you think as a minority in a pte company, you can "have a say" or "create problems for management", that's wishful thinking

I am a owner of a pte company, and I can't even begin to list the number of ways I can screw up my minority SH if I decide to
Eg. Increase management remuneration, issue stock at the opportune time for management to dilute minority, pay "management fees" for units that were previously already under the current job scope, interested party transactions with other companies owned by allies or relatives etc
The list goes on.
All of which the minority has no power to stop

Not saying this will happen for keppel and again, not saying it's necessarily bad for minority
Just saying you have to understand its a different ball game

(16-07-2015, 03:41 PM)GFG Wrote:

(16-07-2015, 03:23 PM)greengiraffe Wrote: Hehe, I also in CK Tang, Jurong Cement, Gen Mag, Goodwood Park, Giant Wireless and so many uncountable counters... all wroteoff liao...

Some good and mostly bad... I don't quite bother liao but enjoying the process.

Actually, I am also squatting on some listed "pte" co waiting for further values to be unlocked like HPL... most of these cos must be asset heavy and values to be unlocked as a pte delisted co.

No Worries

(16-07-2015, 02:31 PM)GFG Wrote:

(16-07-2015, 02:12 PM)cfa Wrote: Odd lot SHs can be a pain in the neck of the major SH. Just look at CK Tang.

How so?
CK Tang the major SH wanted to buy out to own 100%
If the major SH doesn't want to, what exactly can the minorities do in a private company?

Just to emphasize, I m not saying being minority in a pte company is necessarily bad.
My point is, it's a different ball game altogether
You have no control and are relying on the major SH to be capable AND honest
If you think as a minority in a pte company, you can "have a say" or "create problems for management", that's wishful thinking

I am a owner of a pte company, and I can't even begin to list the number of ways I can screw up my minority SH if I decide to
Eg. Increase management remuneration, issue stock at the opportune time for management to dilute minority, pay "management fees" for units that were previously already under the current job scope, interested party transactions with other companies owned by allies or relatives etc
The list goes on.
All of which the minority has no power to stop

Not saying this will happen for keppel and again, not saying it's necessarily bad for minority
Just saying you have to understand its a different ball game

KLL’s Proposal. As set out in the Announcement, KLL proposes to implement the Selective Capital Reduction and cancel all the issued ordinary shares (“Shares”) held by the shareholders of KLL (“Shareholders”), except those held by KCL (the “Participating Shareholders”), to provide the Participating Shareholders with an avenue to realise the value of their Shares following the delisting by KLL from the Main Board of the Singapore Exchange Securities Trading Limited at 9.00 a.m. (Singapore time) on 16 July 2015. Participating Shareholders will receive S$4.24 for each Share held that is cancelled as a result of the Selective Capital Reduction.

Kep corp's new offer for minorities in what is now a pte company (Keppel land)
The offer price is exactly the same as the previous price (less the dividends received since then)
So there's absolutely no improved offer, just testing the patience of those who previously refused to tender about 9 mths ago

Kep Corp cannot vote so vote down the resolutions Lor. Free lunch.

Odd lot vested.

Realistically, they would not want to raise the offer price, because if they do, then all the people who surrendered will feel "cheated".

Assuming they give a bit extra, then the entire 40% odd who tendered will scream that it is unfair.

I expect that most people will just tender and get out.

(20-03-2016, 09:02 PM)opmi Wrote: Kep Corp cannot vote so vote down the resolutions Lor. Free lunch.

Odd lot vested.

great idea!