Sound Global

(28-06-2013, 06:47 PM)Nick Wrote: Congratulations to all vested !

(Not Vested)

Vested.

It is a good news, but not appealing IMO. It is a growth stock, and the harvest will be around on 2015. I am expecting OCF turn positive around then.

Target price is around 90 cents and above, rather than 70 cents...

I find this announcement funny. If I want to delist a company I will state a max price rather than stating a min price. Else the price shoot to $1 ain't I going to have a tough time buying shares from the open market?

News: Chairman seeking to delist from Singapore. Sound Global (SGL)
announced that its chairman and controlling shareholder, Wen Yibo, has
issued a letter of intent stating he is exploring a proposal to delist the
company and its shares from Singapore, while maintaining the primary
listing of the shares in Hong Kong. As part of this proposal, Wen may
make an exit offer to acquire all the issued shares at a cash consideration
of not less than S$0.70 per share.

(28-06-2013, 11:45 PM)Bibi Wrote: I find this announcement funny. If I want to delist a company I will state a max price rather than stating a min price. Else the price shoot to $1 ain't I going to have a tough time buying shares from the open market?

once you state max price, it would be seen as an "No Price Increase" Statement. Then no flexibility liao.

Why is Sound Global still trading at discount to the intended (not guaranteed) offer price? Anyone able to shed some insight?

(02-07-2013, 09:21 PM)kelvesy Wrote: Why is Sound Global still trading at discount to the intended (not guaranteed) offer price? Anyone able to shed some insight?

Maybe people just dont believe he will delist the company from SGX?

SGD 0.70 is about HKD4.277.
Currently sound global is trading at HKD3.86 in Hong Kong.
At SGD0.64, it is trading at around HKD3.91, which is close to Hong Kong's trading price.

Strange because i thought for Sound Global, the trading volume in Singapore is higher than in Hong Kong.
http://investing.businessweek.com/resear...ker=967:HK
http://investing.businessweek.com/resear...ker=SGL:SP

did i see wrongly? why delist from SGX and not HKSE?

The market is basically skeptical of such moves. Moreover, it is Chinese company...

5 July 13's Sound Global SGX Announcement

Any views on Sound Global's 5 July 13's announcement? looks like Wen Yibo is making preparations to delist the company, does the announcement means, pardon me if I interpreted wrongly, basically it converted its bonds and warrants into shares, about 22.3% (bonds) and 0.7% (warrants), thus with reference to page 3 of 28 June's notice (attached), Wen Yibo and his concerted party's 56.20%, they now have control of est. 79.2% of entire Sound Global's shareholding.

I just went in today at $0.64, after reading this, thought it look more certain now that he will proceed with the tender offer $0.70.

He needs 90% acceptance to delist from SGX right?

Though its a Chinese company, this guy Wen Yibo made his entire fortune from Water Treatment, doubt a billionaire like him will go back on his words, and should be able to get his financing. The key is, will investors accept?

Networth of Wen Yibo & family: http://www.forbes.com/profile/yibo-wen/ $1.3 billion
Background:
Wen Yibo is China's first and, for now, only entrepreneur to break into the billionaire ranks thanks to an expertise in treating waste water. His Hong Kong- and Singapore-listed company Sound Global provides water treatment services to several major Chinese cities and manufacturing zones. His Shenzhen-listed Sound Environmental Resources also builds waste processing facilities. Increases in business last year lifted the shares of both, and with it, Wen's wealth. Sound Environmental's sales in first nine months of 2012 rose by 26% to $208 million; it's net profit jumped 42% to $44 million. Sound Global's revenue increased by 12% in the six months ending in June to $191 million. Wen holds a degree in environmental engineering from Langzhou Jiaotong University, where he is a part-time professor. He shares his fortune with his wife.

(08-07-2013, 09:56 AM)tonyking Wrote: 5 July 13's Sound Global SGX Announcement

Any views on Sound Global's 5 July 13's announcement? looks like Wen Yibo is making preparations to delist the company, does the announcement means, pardon me if I interpreted wrongly, basically it converted its bonds and warrants into shares, about 22.3% (bonds) and 0.7% (warrants), thus with reference to page 3 of 28 June's notice (attached), Wen Yibo and his concerted party's 56.20%, they now have control of est. 79.2% of entire Sound Global's shareholding.

Well, I read the announcement.

The announcement is about Sound Water, the controlling shareholder of Sound Global.

It is an update on the issue of senior notes and warrants, rather than converting and exercising them.

(vested)

(09-07-2013, 10:46 AM)CityFarmer Wrote:

(08-07-2013, 09:56 AM)tonyking Wrote: 5 July 13's Sound Global SGX Announcement

Any views on Sound Global's 5 July 13's announcement? looks like Wen Yibo is making preparations to delist the company, does the announcement means, pardon me if I interpreted wrongly, basically it converted its bonds and warrants into shares, about 22.3% (bonds) and 0.7% (warrants), thus with reference to page 3 of 28 June's notice (attached), Wen Yibo and his concerted party's 56.20%, they now have control of est. 79.2% of entire Sound Global's shareholding.

Well, I read the announcement.

The announcement is about Sound Water, the controlling shareholder of Sound Global.

It is an update on the issue of senior notes and warrants, rather than converting and exercising them.

(vested)

"Share charge" not like "intent" to convert, but not yet or rather merely booking e %of shares that maybe converted?
Neck very long le leh, still no update from Wen Yibo...