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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?
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05-09-2014, 10:54 PM
(This post was last modified: 05-09-2014, 11:03 PM by Whatsup1234.)
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."
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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?
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^^ 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??
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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