Wheelock Properties

[tealeaves]

Wheelock's shares has been creeping up of late, esp since late March from $1.60 to current ~$1.75.
Didnt even want to wait till the morning to ask for trading halt. Hmmm, and i was just scouring through Wheelocks AR CDROM which they sent.

Separately, noticed AAM (Abeerden Asset) has accumulated from 60m shares in 2012 to 73m shares in 2013.
hmm, let see wat ball is thrown to the court.

Vested tooo.

[toiletsiao]

Wheelock has requested on Trading halt something positive coming up...privatization?

http://infopub.sgx.com/Apps?A=COW_CorpAn...0rJ2ahkiSo

http://www.nextinsight.net/index.php/sto...developers

Vested

Hotel Properties also halt trading....i think they might be related announcements..could be M&A involving both companies

[kayhian]

Wheelock has requested on Trading halt something positive coming up...privatization?

http://infopub.sgx.com/Apps?A=COW_CorpAn...0rJ2ahkiSo

http://www.nextinsight.net/index.php/sto...developers

Vested

Hotel Properties also halt trading....i think they might be related announcements..could be M&A involving both companies

Capitaland also halted

[tealeaves]

Wheelock has requested on Trading halt something positive coming up...privatization?

http://infopub.sgx.com/Apps?A=COW_CorpAn...0rJ2ahkiSo

http://www.nextinsight.net/index.php/sto...developers

Vested

Hotel Properties also halt trading....i think they might be related announcements..could be M&A involving both companies

Capitaland also halted

Capitaland gonna delist CMA. Pse refer to below.

SINGAPORE, April 14 (Reuters) - CapitaLand Ltd CATL.SI , Southeast Asia's biggest property developer, said it had launched an offer worth S$3.06 billion ($2.45 billion) to take complete ownership of its 65-percent subsidiary CapitaMalls Asia Ltd (CMA) CMAL.SI .

CapitaLand is offering S$2.22 in cash, a 23 percent premium to CapitaMalls' closing share price of S$1.8 on Friday. Trading in both the shares was halted on Monday pending an announcement.

"Delisting CMA enables greater alignment between CapitaLand and CMAs's business strategies by focusing resources on highest overall project returns," CapitaLand said in its statement to the Singapore exchange on Monday. ID:nSNZ1WGGnJ

Singapore sovereign investor Temasek Holdings owns 39 percent of CapitaLand.

CapitaMalls, which manages 105 shopping malls, earned 43 percent of its revenue from China last year, 32 percent from Singapore, and most of the remaining from Japan and Malaysia.

Morgan Stanley and Credit Suisse are advising CapitaLand on the transaction.

[kayhian]

good opportunity to delist now while the share price is still depressed and cum dividend.

[ngcheeki]

Joint General Offer by OBS(60%) and Wheelock(40%) for HPL @ $3.5 per share and those who accept the offer do not entitle to 8 cents dividend. Personally, I feel that it is another "day light" robbery Offer. NTA of HPL is at $3.13 as at FY2013 but all their hotel properties in orchard road are recorded at cost.

RATIONALE FOR THE OFFER
The Offeror is a consortium between Cuscaden, which holds a 60 per cent. stake, and Wheelock Singapore, which holds a 40 per cent. beneficial stake. Cuscaden is owned by OBS and DB.
OBS, as the co-founder of HPL, DB and Wheelock Singapore have been long term shareholders of HPL and they share a common vision and strategy for HPL. They have therefore decided to consolidate their shareholdings in HPL so as to be in a position to cooperate and implement their shared objectives for HPL and to enhance value over time.

http://infopub.sgx.com/FileOpen/HPL_Offe...eID=291578

[yeokiwi]

Personally, I feel that it is another "day light" robbery Offer.

After Hiap Hoe had succeeded in the privatisation of Superbowl at a bargain without much tussle, the rest just got the idea.

[Behappyalways]

Suddenly they found that buying listed company at a discount to NAV is a better deal than buying properties ^^

[egghead]

Yah, after reading postings in VB

[opmi]

the recent privatisations of property companies showed that listed property developers are cheap.

even Hong Fok with its highly paid family mgt also moving up in price..