Penguin International

[lonewolf]

We did it!

At the close of the Final Offer on 25 Sep 5.30pm, the resultant shareholding amounted to an aggregate of 195,765,603 Shares, representing approximately 88.92% of the total number of Shares in the Company.

SGX Announcement

[pianist]

We did it!

At the close of the Final Offer on 25 Sep 5.30pm, the resultant shareholding amounted to an aggregate of 195,765,603 Shares, representing approximately 88.92% of the total number of Shares in the Company.

SGX Announcement

23 sep sat Last announced was a 30,000 shares acquired on 20sep,leading to 88.91%, so from 21,22,and today 25 only a mere 0.01% increase, hmm...prepare to face music from shareholders for such low balled unsuccessful offer, waste time waste resources

[dydx]

In the just ended GO, Offeror managed to increase its interest from 80.05% to 88.92% - i.e. by 8.87% - and spent close to $20.0m doing so. This second GO at $0.83/share also confirmed that in the eyes and minds of the 3-party Offeror consortium, each Penguin share should be worth more than $0.83, and the entire business more than $182.7m. Of course, the above valuation must be conservative!

[dydx]

https://www.linkedin.com/posts/colin-tur...er_desktop
https://www.linkedin.com/feed/update/urn...5000576%29

Penguin is a prolific builder of CTVs..

[dydx]

Taking a good look into long-term customer MEO's current crewboats fleet list shows the addition of 3 new (built in 2023) vessels - Express 96, 97 and 101 - from Penguin, compared to 2 (built in 2022) vessels - Express 27 and 95...
https://www.meogroup.com/fleet/crew-utility-vessels/

Apparently another 2 crewboats were shipped out to MEO last Friday from Jurong Port..
https://www.linkedin.com/posts/james-mum...er_desktop

[dydx]

The first - named 'Blue Dolphin' - of 2 second-Generation Marine Rescue Vessel (MRV2G) for SCDF is into production...
https://www.linkedin.com/posts/danielsee...er_desktop

More info on this 2nd SCDF contract from an earlier post by Rolls-Royce, which through its MTU unit is the engines supplier to all these supposedly high-value vessels..
https://www.linkedin.com/posts/xiang-yu-...er_desktop

[pianist]

Just reread on its Electric Dream ferries,
Each Electric Dream ferry will operate at 21 knots and take less than 10 minutes to charge up after every round trip. 10 minutes to charge up seems amazing ,faster than charging an ev. Wonder who are the other similar competitors in the market and their charging capabilities