Intraco

[Hotelking]

OHL talking up the market? Now Intraco so high, Tony Chew can sell down

[ngcheeki]

The bidding war for 29.89% of intraco in Hanwell continued with TH investments increase the offer price to S$0.68 per Share and counter offer by OHL of $0.70.

OHL 70 cents offer:
http://info.sgx.com/webcoranncatth.nsf/V...B003903C8/$file/Hanwell_OHL_letter70_150812.pdf?openelement

TH Investments 68 cents offer:
http://info.sgx.com/webcoranncatth.nsf/V...90043B62F/$file/HHL_TH_Investment_revise_offer.pdf?openelement

[wsreader]

TH investments' offer were not carried at the egm; OHL offer has lapsed. Any more offer from any suitor left ? If not, share price will be left high and dry.

http://info.sgx.com/webcoranncatth.nsf/V...900424284/$file/HHL_Announcement_Lapse_of_OHL_Offer_29_August_2012.pdf?openelement

[freedom]

is the 70cents just for face?

[propertyinvestor]

What is Goi Seng Hui trying to do? Has he change his mind about selling Intraco? Oei Hong Leong complain about him not wanting to give a guarantee to vote in favour of the deal. WTF.

[propertyinvestor]

well it seems to me that Mr Oei not serious about .........trying to find way out......

He was just protecting his interest. Locking all the doors in the room to prevent any other people from upsetting the deal. I would do that if I were him too. Its a big stake of 30% here. And anybody with 30% shares can control the company effectively.

[xlandjy]

well it seems to me that Mr Oei not serious about .........trying to find way out......

He was just protecting his interest. Locking all the doors in the room to prevent any other people from upsetting the deal. I would do that if I were him too. Its a big stake of 30% here. And anybody with 30% shares can control the company effectively.

For OHL, I have to say Ha Ha Ha .... I am not surprised with the final twist...

[pianist]

what a twist of event....who has bought it at 68/69cents? wish u luck

[propertyinvestor]

Intraco did not collapse back to 50cents today. Looks like this is not the end of the story.

[pianist]

INTRODUCTION
Further to the announcement made on 13 September 2012 on the abovementioned subject
matter (the “13 September Announcement”), the Board of Directors (the “Board”) of Hanwell
Holdings Limited (the “Company”) wishes to announce that the Company has received a letter
dated 14 September 2012 (the “Letter”) from Mr. Oei Hong Leong (“Mr Oei”), in which Mr Oei
expressed his surprise at the Disposal of the Sale Shares to TH Investments Pte. Ltd. (the
“Purchaser”) announced in the 13 September Announcement.
The Letter also stated that Mr Oei is seeking legal advice to pursue all legal remedies in court
available to him in this matter. A copy of the Letter is attached to this Announcement.
2. THE COMPANY’S POSITION WITH RESPECT TO THE LETTER
As mentioned in the Company’s announcement of 29 August 2012 (the “29 August
Announcement”), Mr Oei had imposed a deadline of 28 August 2012 (the “Deadline”) to
enter into a sale and purchase agreement with respect to Mr Oei’s previous offer of $0.70 per
share. The Deadline has passed and was not extended by Mr Oei. Accordingly Mr Oei’s
previous offer has lapsed, and the Company’s position is that it is free to deal with any other
parties with respect to the Sale Shares. Mr Oei has also not mentioned in the Letter what
claims he has against the Company, nor the basis of any such claims. The Company will
vigorously defend any claims which may be brought by Mr Oei.