Lee Kim Tah Holdings

(26-09-2014, 07:08 AM)greengiraffe Wrote: Been waiting for more than 1 decade on the wonderful Indian Township that is bigger than Toa Payoh... have you ever find out why it has taken so long even after all these years of court battles?

Seriously, real business in a lot harder than equity investments... when was the last time you have spoken to Edwin?

Chairman Lee Soon Teck and his son and ED Edwin Lee believe in patience and an eventual break-through on the huge - 421,318 sq.m, equivalent to a square area of approx. 650 metres on its 4 sides - freehold land plot in SIPCOT Information Technology Park, Siruseri, Tamilnadu, India. LKT through its 75%-owned Indian subsidiary Singapore Realty Pvt Ltd has a perfected title and legal ownership over the land plot which has passed the test of various contests and appeals by SIPCOT and the Tamilnadu State government in the India High Court. Understandably, the contestents' main motivation is the huge underlying value and profit potential - I suppose based on its substantially enhanced CMV - of the land plot. Thank goodness India's court system has remained exemplary and steadfast in upholding in this case the time-tested fair and proper principles governing land laws.

As an investor I happen to believe in break-through too - just like the GO now!

^^ patience is one thing. The Indian courts are external factors that are beyond control of LKT.

as usual, substantial shareholder will take it private when it is ripe for harvest eg CMA, SingLand.

BTW Edwin was youthful when I attend the AGM in 2005. Recently, look a bit tired already.


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Many long-time shareholders are valuebuddies apparently! Everyone is transacting around $1.09 to $1.095. Sweet!

India under Modi will want to attract more foreign investments... LKT appears to be making this GO, for the next BIG thing, to unlock/benefit greatly from their interests in SIPCOT.

Interesting to see buy-in at $1.095... maybe some fellow with 20milos to spare can block this move..

HOLD and NOT SELLING!

So if LKT increases the GO to S$1.30/share, you guys will sell ?

(28-09-2014, 05:34 AM)em2nre5u Wrote: So if LKT increases the GO to S$1.30/share, you guys will sell ?

We will be lucky if LKT offers 10% more!

Well for those shareholders who believe that the Lees will continue to run LTK's businesses properly, and LKT together with Guthrie GTS will eventually sell Jurong Point and distribute out to shareholders a big portion of the realised profits and sales proceeds as dividends and/or capital reduction, and LKT will eventually develop the huge plot of freehold land at SIPCOT, Tamilnadu State, India, and realise very substantial gains over time, I suppose their preference should simply be just to hold on to their prized LKT shares..

Once it hits CA level, no choice already.


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Taking 86.41% ownership by the concerted party, they need to get acceptance of another 12.23% to attain compulsory acquisition (CA). Only 1.4% minority is needed to block the CA - not too hard IMHO.

(29-09-2014, 04:02 PM)egghead Wrote: Taking 86.41% ownership by the concerted party, they need to get acceptance of another 12.23% to attain compulsory acquisition (CA). Only 1.4% minority is needed to block the CA - not too hard IMHO.

Think they have to up the offer lah..!