AF Global (formerly: LCD Global Investments Ltd)

Each are $2 paid up capital companies incorporated in Singapore

(28-09-2014, 07:06 PM)propertyinvestor Wrote: Each are $2 paid up capital companies incorporated in Singapore

nothing can inferred from here. Except likely to be Singapore-based investments.

Smelly???

http://www.businesstimes.com.sg/premium/...s-20141002

PUBLISHED OCTOBER 02, 2014
HOCK LOCK SIEW
JTrust should bring its promises for LCD to pass
BYLYNETTE KHOO
lynkhoo@sph.com.sg @LynetteKhooBT

THOSE familiar with mergers and acquisitions here would know that the magic number has been 30 over the past decade - because any stake acquisition below 30 per cent will not trigger a mandatory takeover.
But the recent stake sale of LCD Global Investments by the Lum brothers at a shade below 30 per cent - to a Japanese finance conglomerate that is starting to wield management control at LCD - has again cast a spotlight on this 30 per cent threshold.
Under Singapore's Takeover Code, unless exempted, a shareholder and its concert parties have to make a general offer when their holdings in a company cross the 30 per cent mark. But in most cases, the largest shareholder in a company can already gain levers of control with a smaller stake than that. It is hence hardly surprising that many married deals have been cobbled at below the 30 per cent mark.
The rationale is obvious. Why go through the hassle of launching a general offer and run the risk of the deal falling through when a stake of, say, 25 per cent can achieve the same result? For the target company, it saves having to appoint an independent financial adviser or convene a meeting to seek shareholders' approval - both of which cost money.

http://www.businesstimes.com.sg/premium/...e-20141006

PUBLISHED OCTOBER 06, 2014
J-Trust stands firm behind LCD purchase
Japanese financial giant sees LCD as its primary platform for property and property-related business across Asia
BYVEN SREENIVASAN
ven@sph.com.sg @VenSreeBT

JAPAN'S J-Trust Group's acquisition of Singapore listed hospitality group LCD Global Investment has caused consternation among some of the latter's minority shareholders. The crux of the unhappiness surrounds the fact that the Tokyo-listed financial giant bought 29.5 per cent of LCD - just shy of the general offer mark - leaving minorities no exit route, should they choose to bail out.
With the founding Lum family now out of the picture, many are also unsure of the fate and direction of the Singapore-listed company under its new controlling shareholders.
But J-Trust's president and CEO, Nobuyoshi Fujisawa, who is now also executive director of LCD, insists that such fears are misplaced. "LCD will simply grow and flourish, supported by the resources and networks of J-Trust," he told BT in an exclusive interview.

I guess one question would be, how come the Lums didn't sell their stake to Koh instead?

Lums know Japanese better mah... and most likely their interests with Japanese more aligned than Geylang Kohs

(06-10-2014, 12:46 PM)smallcaps Wrote: I guess one question would be, how come the Lums didn't sell their stake to Koh instead?

If the 2 Kohs are each buying large stakes in other property companies but not their own, does that mean that their own companies' stocks does not offer better value?

I CALL UPON ALL SHAREHOLDERS TO VOTE AGAINST RESOLUTION 4A and 4B on the appointment of the 2 Japenese representative of J Trust. ALL MINORITY SHAREHOLDERS SHOULD DENY THEM THE ACCESS TO EXECUTIVE CONTROL OF THE COMPANY

Jap 29% can vote right?


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(06-10-2014, 08:02 PM)propertyinvestor Wrote: I CALL UPON ALL SHAREHOLDERS TO VOTE AGAINST RESOLUTION 4A and 4B on the appointment of the 2 Japenese representative of J Trust. ALL MINORITY SHAREHOLDERS SHOULD DENY THEM THE ACCESS TO EXECUTIVE CONTROL OF THE COMPANY

The LUMs try to short the minority and not able to face anymore pressure, sold to JT. We need to give a chance to the new mgmt and see what value they can deliver. If voted them out, then who can come in and manage. KWS hand is full and if he is interested, he can come out with a better offer. So what is your valid reason?