Wheelock Properties

[freedom]

They might be too rich but I beg to differ.

Any new replacement will come under scrutiny from shareholders and be compared to David Lawrence who could be hard to beat or match his previous achievements.

What scrutiny? The majority shareholder, with their over-whelming stake, can literally appoint a monkey and we have no say.

yes, they can. but what does it say about Peter Woo?

[freedom]

what's brewing?

steadily going up, already 15 cents.

possible privatization coming given that there has not been any announcement about new CEO?

if Peter Woo and Wheelock & Co could not find a suitable new CEO to lead Wheelock Properties(S) further, would it be natural to take it private and managed by Peter Woo and Wheelock & Co?

[cyclone]

Somebody bought 1,026 lots @1.86 in the last 5 minutes.

[RBM]

Intersting that the SGX has asked the expected questions............ and the SGX issued this before the substantial trade that cyclone refers to in his 5.24 pm message. I have not seen Wheelock's answers yet..................

++++++++++++++
16 March 2012

Tan Zing Yan
Director
Wheelock Properties (Singapore) Limited
501 Orchard Road
#11-01 Wheelock Place
Singapore 238880

Dear Sir

QUERY REGARDING TRADING ACTIVITY

We have noted, and draw to your attention, a substantial increase in the price of your shares today. To ensure a fair, orderly and transparent market, please answer each of the following:

Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading?
- If yes, the information must be announced immediately.

Question 2: Are you aware of any other possible explanation for the trading?

Question 3: Can you confirm your compliance with the listing rules and, in particular, listing rule 703?

Please respond immediately via SGXNET. Where appropriate, you may want to request a trading halt or a suspension of trading. Please contact Securities Market Control (or, if you need to discuss the matter, your Account Manager in Issuer Regulation) immediately. Thank you for your cooperation.

We have released this letter via SGXNET.

Yours faithfully


Kelvin Koh
Vice President
Head, Market Surveillance
Risk Management & Regulation

Notes:
1. Subject to limited exceptions in rule 703, an issuer must announce any information known to the issuer concerning it or any of its subsidiaries or associated companies which is necessary to avoid the establishment of a false market in the issuer’s securities, or would be likely to materially affect the price or value of its securities must be publicly disclosed (rule 703).
2. An issuer must undertake a review to determine the causes of any unusual trading activity (paragraph 20 of Appendix 7.1).
3. An announcement should, among other things, state whether the issuer or any of its directors are aware of the reasons for the unusual trading activity and whether there is any material information which has not been publicly disclosed (paragraph 31 of Appendix 7.1).
4. Your responsibility under listing rules is not confined to, or necessarily satisfied by, answering the questions in this letter.
++++++++++++++

Not Vested

[camelking]

I hope no delisting is coming..

Company sitting on pile of cash - $1B i think
Scott square has sold around 70% or so..at $4k/sqfeet (my goodness!)
Two shopping malls in prime location

Would have invested more if they have not gone to China....
Anyway, hope it is just a rumour...

[vicom76]

There is no smoke without fire

I believe its privatization

[cyclone]

For reference :
April 28, 2010|Chris Oliver
HONG KONG (MarketWatch) -- Hong Kong company Wheelock & Co. (HK:20) has proposed to privatize its 74%-owned Wheelock Properties Ltd. in a deal worth HK$6.9 billion ($888.6 million), the two companies said in separate filings to Hong Kong securities regulators on Tuesday. Wheelock has offered HK$13 per share for the outstanding shares it does not already own, representing a premium of 144% over Wheelock Properties' last traded price of HK$5.33 on Friday.

---

Wheelock Properties Ltd has 75.8% deemed interest in Wheelock Properties (S).
I wonder why they don't privatize the company given the company has 1 billion cash, demise of CEO, Wheelock Properties Ltd is already a wholly-owned subsidiary, most of future property development should be in China, and relative low VWAP.


Vested, small fry.

[freedom]

Wheelock Properties(S) is no longer under Wheelock Properties Ltd, but held through Wheelock Investments by Wheelock & Co.

I believe now is the best time for Wheelock & Co to privatize Wheelock Properties(S) if it intends to.

1. low land bank in Singapore, Ardmore 3 only, plus unsold units in Orchard View, Scotts Square and matured investment properties in Wheelock Place and Scotts Square, and relatively more like a cash company. Given the recent demise of the CEO, it is about time for Wheelock Properties(S) to shrink Singapore operation and focus on parent's China strategy with sister company Wharf Holdings.

2. Gloomy outlook for Singapore high-end property market.

3. Property development in China (九龙仓雍景山) is overseen and managed by Wharf Holdings as the overall Wheelock & Co China strategy.

[cyclone]

Any news from the AGM ? Who is the next CEO ?

[freedom]

wheelock investment in equity and debt securities increased almost 100 million. what did it buy?