TIH Limited (formerly: Transpac Industrial Holdings Limited)

(14-08-2014, 03:42 PM)Vseeker Wrote: At time of below posting (22-May2014), TIH was trading at $1.38 and its warrant at $0.091
As expected, the price for mother deteriorate towards $1.28, while its wrt price deteriorate below 1c.

While the wrt's lifespan may be for 3-years,
in reality, it is only good for 6 months, coz beyond its first 6-months life, wrt excercise price get revised to $2.28 and wrt become quite worthless
and could indeed ended up worthless - unless and until TIH levitate above the revised $2.28 exercise price.

... not vested

(22-05-2014, 01:11 PM)Vseeker Wrote: 3-for-1 Bonus Wrts totalling 703m new wrts, Lifespan=3yrs
=} ExcerPrc @$1.28 in 1st 6mths period, can't excercise for following 18mths, and in the last 12mths of shelf life - again excercisable but @$2.28 each

means over the next 6 months (now till mid-Nov)
i) TIH share price likely to trend lower towards $1.28 as more and more wrts get excercised - as we rundown 1st-6mths-excercise-window.
ii) Wrts price likely to trend closer towards 0c ~ 1c levels as we progresses toward end of 1st 6mths excercise window (mid-Nov2014).

iii) By yearend, wrts likely to be around 0c ~ 1c and stay there for some times...till its fate get re-determine closer to 2017

... Not vested

Mother share is now $1.27, warrant $0.008 ! I think the market is very "efficient", even the brokerage (of selling warrant and buying mother) also factored in..

The share price has dropped to $1.245, 3.5 cents below the warrant conversion price. Instead of converting the warrant, wouldn't it make more sense to buy the mother share? Besides saving cost on the mother shares, you can also sell the warrant. Did I miss out something?

Interesting announcement..... Sounds like a good news??

"The Board wishes to inform our shareholders that the transformation of TIH Limited (the “Company”, together with its subsidiaries, the “Group”) is progressing as planned. The Company seeks to expand its business beyond private equity and venture capital investments to include special situation investment opportunities with listed and private companies. The Company shall broaden and deepen its strategic relationships with significant market players in the Greater China Region and Southeast Asia in order to improve deal sourcing and asset management capabilities. The Company will strategically acquire non-core assets from its partners and help create value for all stakeholders in these positions. In some cases, judicious leverage maybe employed to enhance capital return on equity. The Company intends to work closely with our strategic co-investors to help monitor and create exits for such investments. Through the process, the Company aims to provide steady dividend return to our shareholders in the medium to long term time horizon.
As part of this initiative, Killian Court Pte Ltd (a wholly owned subsidiary of the Company (“Killian”)) and its wholly-owned subsidiary TIHT Investment Holdings Pte. Ltd. (“TIHT”) have entered into a Share Purchase Agreement dated 4 September 2014 with Republic Technologies Pte Ltd ("Republic") and Baytree Investments (Mauritius) Pte Ltd ("Baytree") for TIHT to acquire a portfolio of assets, that includes minority stakes in Mitsui Life Insurance Company Limited and CEI Contract Manufacturing Limited, for a total consideration of SGD 129 million (“Consideration”). The Consideration is payable partly in cash and partly by way of financing and an issue of shares in TIHT. Post and subject to completion of the acquisition, TIHT will be held as to 55% by Killian and 45% by Republic.
Both Baytree and Republic are indirect wholly-owned subsidiaries of Temasek Holdings (Private) Limited. The Company shall work closely with Republic, Mitsui Life and CEI to enhance value for our shareholders in the future. The transaction is conducted in the Company's ordinary course of business and therefore does not require the approval of the shareholders of the Company under Chapter 10 of the Listing Manual.
The transaction does not have a significant impact on the Company’s working capital and gearing.
None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, (other than through their respective shareholdings in the Company) in the above transaction."

Why were there people exercising the warrants over these past weeks when the price was well below 1.28?
Furthermore, price has spiked 10% towards the end of today.
Anyone else who has noticed these strange trends?

http://www.businesstimes.com.sg/companie...es-headway

TIH unveils S$133m deals as transformation makes headway
Temasek to emerge as shareholder of a unit; TIH also investing in optical components venture

By
Anita Gabrielanitag@sph.com.sg@AnitaGabrielBT
21 Oct5:50 AM
Singapore

IT's been a good 11 months since mainboard-listed private equity firm TIH Limited made the sensible move to regroup its asset management business by ending a nearly 20-year pact with a third-party manager and absorbing all 13 employees to form its own unit TIH Investment

^^ Transpac raised money at peak of 93 bull run. And takes more than 10 years & China opening up
to unlock its investments (including selling Alibaba way too early).

Does it has the same type opportunity and returns again??

These new set of fund managers have done well unlocked value and returning $ to themselves over the years.

Now they are banking on that track record to raise $. They have done well to attract Temasek but like you say... what does the future hold for them?

Odd Lots Vested
GG

(21-10-2014, 08:14 AM)opmi Wrote: ^^ Transpac raised money at peak of 93 bull run. And takes more than 10 years & China opening up
to unlock its investments (including selling Alibaba way too early).

Does it has the same type opportunity and returns again??

TIH finally has a website.

http://www.tih.com.sg/

http://www.valuebuddies.com/thread-5412-...#pid100682

TIH forms 3-way venture to capture slice of China's financing pie
Setting up of online financing platform aimed at tapping opportunities from Beijing's moves to boost waning property market

By
Anita Gabrielanitag@sph.com.sg@AnitaGabrielBT
18 Nov5:50 AM
Singapore

MAINBOARD-listed TIH Ltd has tied up with a bad-loans servicing specialist and an online finance firm to tap China's real estate mortgage market.

The listed private equity firm has inked a memorandum of understanding (MOU) with non-performing loans servicing specialist

The first exercise period for the warrants has closed. Out of a total of 702,942,318 warrants, only 5,511,479 were converted. This has raised about $7M. Earlier in May another $2M were raised from CB.

ASM has sold most of their warrants to SHK and unnamed strategic investors, leaving them with 1,456,326 warrants. I presume they did not exercise any of their warrants since there was no announcement. Although I only exercised a small number of warrants to round up my holding, I still find ASM's action a bit disappointing since they are ones who came up with this scheme. Not sure what they have in mind, next AGM could be interesting.