HupSteel

[sgpianolessons]

Regret i accepted their offer. Now i cannot sell in the open market.

[dreamybear]

In the end, I didn't accept coz no more brain juice to think thru'whether I shd (a) just accept to replenish my cash holdings, (b) accept and if GO fails, buy back from the mkt coz likely to fall, or (c ) not accept and hope for a better offer(like Indofood which incidentally also never accept). Sigh ... I can't even remember my purchase price / year after getting "trapped" for so many years.

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Offer closing date for Hupsteel extended by two more weeks
Thu, Aug 15, 2019 - 9:58 PM
.....

Looks like I have one less headache i.e. need not think thru' the diff options now. Still hoping helplessly for Tiong Woon ...

Oh well, may not be a bad thing to resplenish war chest, rather than continue to get stuck.

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Lim family's Hupsteel offer crosses 90% mark, declared unconditional
Wed, Aug 21, 2019 - 10:34 PM

THE founding Lim family's voluntary conditional cash offer for steel trader Hupsteel has received valid acceptances representing 90.013 per cent in the mainboard-listed firm as at 5pm on Wednesday, Hupsteel announced in a regulatory filing that night.

This has taken it over the minimum 90 per cent needed to succeed, and the offer has accordingly become unconditional.....

Read more : https://www.businesstimes.com.sg/compani...onditional

[brattzz]

finally unconditional!! congrats! huat har!!
can release the funds to buy-buy-buy!!

Woohooo!

[dreamybear]

Interestingly, Hupsteel released its FY2019 Full Year Results yesterday evening.

NAV : 135.49 cents  vs   $1.20 offer price.
No dividend declared this year, however, 1c(Final) + 1c(Sp) declared for corresponding period last year.

Read more : https://links.sgx.com/FileOpen/4QFY2019a...eID=575701