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TTJ Holdings

TTJ Holdings

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smallcaps Offline
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#231
28-09-2015, 09:29 AM
Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...
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CityFarmer Offline
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#232
28-09-2015, 09:47 AM
(28-09-2015, 09:29 AM)smallcaps Wrote: Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...

Yes, it is about 17% of the total issued shares. We should see related announcement soon.

(vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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pianist Offline
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#233
28-09-2015, 10:44 AM
(28-09-2015, 09:47 AM)CityFarmer Wrote:
(28-09-2015, 09:29 AM)smallcaps Wrote: Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...

Yes, it is about 17% of the total issued shares. We should see related announcement soon.

(vested)

seems like 37-38 is a fair value?
fully vested and nil shares sold to-date since 18cents, averaged upwards 2x cents, and low 3x cents..
huat ah!
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brattzz Offline
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#234
28-09-2015, 07:12 PM
no news? Big Grin maybe its Tat Hong offloading TTJ, Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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smallcaps Offline
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#235
28-09-2015, 08:58 PM
I guess what's important is who is the buyer? If its a nearly substantial holder, then no free float liao...
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CityFarmer Offline
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#236
28-09-2015, 09:50 PM
(28-09-2015, 08:58 PM)smallcaps Wrote: I guess what's important is who is the buyer? If its a nearly substantial holder, then no free float liao...

The shares are unlikely from the free-float, since it is a married deal.

A sell from the existing SSHs? I reckon it is very unlikely from Mr. Teo.

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“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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smallcaps Offline
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#237
28-09-2015, 09:59 PM
Buyer is CEO:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=371065

He is now holding 294.9 mil shares, 84.38%
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dydx Offline
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#238
28-09-2015, 10:17 PM
With CEO Mr Teo Hock Chwee's purchase of 60.0m shares at $0.345/share in 2 separate off-market transactions today - likely from the Ng Family behind the Tat Hong Group - which has raised his total beneficial holding in TTJ to 84.38%, and his transfer of 120.0m shares from his CDP account to CIMB Bank.....
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=371065
, it is almost certain that Mr Teo will soon have to make a GO to buy the remaining shares and privatise TTJ.

A relevant question : Why does Mr Teo wish to privatise TTJ?
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ksir Offline
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#239
28-09-2015, 10:25 PM
Purchase price at S$0.345, interesting. Will we be able to find out the counterparty? From the amount, quite likely to be TH investment?
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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smallcaps Offline
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#240
28-09-2015, 10:35 PM
Seller of 54.723 mil shares is the other Chwee (THI):

http://infopub.sgx.com/FileOpen/_28%20Se...eID=371070
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