Posts: 1,343
Threads: 49
Joined: Nov 2010
Reputation:
7
22-11-2012, 12:13 AM
(This post was last modified: 22-11-2012, 09:33 AM by cfa.)
Very obvious , cheng family wants to take private;
Old man cheng is always a typical Chinese businessman.
He refuse to borrow from bank, refuse to take in talents from outside of his family, a hand-on man. With 85% , why should he spend on listing costs, paying director fees to 3 IDs, listing fee to SGX , printing of ARs, keep a share registrar, hold AGMs facing public scrutiny and sometimes unreasonable SHs........ etc. all this too costly for a small company like Hai Leck , he finds it too troublesome and meaningless for his biz operation.
Perhaps, if he finds all these extras are not adding value to his biz.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Posts: 1,119
Threads: 16
Joined: Jan 2012
Reputation:
0
Delisting offer, if any, likely to be 26c...same as IPO price. But why delist when they can issue warrants, use the money and buy over other companies? There are more benefits to being listed than unlisted in the kind of industry they are operating in.
Posts: 1,343
Threads: 49
Joined: Nov 2010
Reputation:
7
(22-11-2012, 09:33 AM)propertyinvestor Wrote: Delisting offer, if any, likely to be 26c...same as IPO price. But why delist when they can issue warrants, use the money and buy over other companies? There are more benefits to being listed than unlisted in the kind of industry they are operating in.
Even the cheng family also want to underwrite the warrant by themselves, they do not need a bank .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Posts: 480
Threads: 4
Joined: Feb 2011
Reputation:
22
The chairman has indicated before that listed status matters in bidding for larger contracts. Not sure whether Hai Leck, with its two recent EPC contract wins, is entrenched enough to bid as a unlisted entity now.
Posts: 1,119
Threads: 16
Joined: Jan 2012
Reputation:
0
Im seeing some signs of accumulation over the past 2 days...
Posts: 1,343
Threads: 49
Joined: Nov 2010
Reputation:
7
ya, the trading volume for Hai Leck is considered "high" by its own context.,If the privatised price is 26c , it is a premium of 30%, no so bad la.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Posts: 1,119
Threads: 16
Joined: Jan 2012
Reputation:
0
Interesting, sellers from Lim & Tan and UOB today
Posts: 1,343
Threads: 49
Joined: Nov 2010
Reputation:
7
(22-11-2012, 10:43 AM)portuser Wrote: The chairman has indicated before that listed status matters in bidding for larger contracts. Not sure whether Hai Leck, with its two recent EPC contract wins, is entrenched enough to bid as a unlisted entity now.
Pros=Better profile for the company.
Cons= More for smaller outfit.
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
Homepage
PR Newswire
