People's Food Holdings Limited

[cyclone]

Just realized that there's no thread on People's Food Holdings Limited. IIRC, this counter was actively discussed in the old-time wallstraits forum. Once upon a time, a market darling.

Latest development on the company :
Voluntary conditional offer for all the issued and paid-up ordinary shares of the company by New Oceana Limited ("Offeror") which is an unlisted company.

Consideration :
For each Offer Share:
Either S$1.20 in cash
and/or
One (1) new ordinary share ("Offeror Share") in the capital of the Offeror


<not vested>

[cyclone]

The board of directors (the “Board”) of People’s Food Holdings Limited (the “Company”) refers to the announcement dated 3 January 2014 made by SAC Capital Private Limited, for and on behalf of New Oceana Limited (the “Offeror”), stating that the Offeror has, on 3 January 2014, completed the exercise of its rights under Section 102 of the Bermuda Companies Act to compulsorily acquire all the issued ordinary shares in the capital of the Company held by the shareholders who have not accepted the voluntary conditional offer by the Offeror for the Company.

The Board wishes to announce that the Singapore Exchange Securities Trading Limited (the “SGX-ST”) has confirmed that delisting of the Company from the Official List of the SGX-ST will take effect on 6 January 2014. Accordingly, the Company will be delisted from the SGX-ST with effect from 9.00 a.m. (Singapore time) on 6 January 2014.

03 January 2014

Bye-bye People's Food. I wiish you success in your future endeavors.

[opmi]

Delisted. After six generation pigs ready to reproduce.

Opmi in lose lose situation.