Spindex Industries

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(24-03-2021, 11:14 PM)dydx Wrote: Since the Tan Family as controlling shareholder already holds a 74.95% interest, if they decide to sell Spindex's business to the highest bidder - likely a trade buyer - it should not be too difficult a deal for the buyer even to privatise the company in one GO exercise.

I agree with you. If the right offer comes, why not? Mr Tan had shown previously when he was in MMI.
https://www.financeasia.com/article/kkr-...ings/77743

As to the point that forumers mentioned about his son running the business and he might not want to sell out, he could structure a deal with a private equity firm and take out the minority shareholders and delist the company, while still allowing his son to run the company as a private entity. It can be done.
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(25-03-2021, 09:05 AM)wj1984 Wrote: As what weijian mentioned earlier it could happen to 99% of companies but Spindex maybe that 1%.

hi wi1984,
I just want to clarify what I said earlier - What I wanted to point out was that BlueKelah is making a very general statement on companies and such "risk" are not unique to Spindex.

Personally, I also feel it is better to believe ourselves (and what we own) are the norm (99%), than the exception (1%) Big Grin
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(27-03-2021, 10:37 AM)weijian Wrote:
(25-03-2021, 09:05 AM)wj1984 Wrote: As what weijian mentioned earlier it could happen to 99% of companies but Spindex maybe that 1%.

hi wi1984,
I just want to clarify what I said earlier - What I wanted to point out was that BlueKelah is making a very general statement on companies and such "risk" are not unique to Spindex.

Personally, I also feel it is better to believe ourselves (and what we own) are the norm (99%), than the exception (1%) Big Grin

Understood! It is always better to lower your expectations so that in any case if it happens to be the norm at least the disappointment will not be that great.

Sides, Spindex is currently trading at NAV which is very very reasonable for a stock with little to no coverage.
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Rainbow 
Spindex @ 115

Our factory in Johor, Malaysia (“Malaysia Factory”) will still continue to run at the limited capacity as per the previous update.

As previously highlighted, the financial impact is not quantifiable, but is expected to have a negative consequence on the financial performance of the Group in FY2021.
https://links.sgx.com/FileOpen/Spindex_E...eID=671116

Stay home and stay safe, everyone.

Heart
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There are some good listed companies that have significant production plants in Msia, and I have faith that these businesses will overcome the current difficulties BUT I have less faith in the political system there and how they are able to handle the pandemic. It will eventually be over but the question is when and at what cost to the companies. Different levels of uncertainty over different countries, and a large part of it is due to their leaders. The pace of recovery will be extremely different country to country.
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