Kian Ann Engineering

[corydorus]

Doesn't make sense for chinese funds come all the way to Singapore to invest in 3rd tier chinese companies or manage by chinese. If i were them it has to be local companies by locals. Ofcourse i am not them.

(Vested)

[SLC81]

Happy to see Kian Ann share price gone up almost 50% in just 2 months.
Never seen this much increase for very long time.

[Nick]

Trading halted...hmmm

[secretinvestors]

Happy to see Kian Ann share price gone up almost 50% in just 2 months.
Never seen this much increase for very long time.

I am really curious what this trading halt is all about. Kian Ann is finally realizing its value since i bought it about 1 year back a couple of times at an average of about $0.1825. Have sold some on its way up as well. Hopefully this trading halt will bring in good news and help sustain the recent rise! Good luck everyone!!!

[Drizzt]

i only have 800 bucks in this......

[lonewolf]

Let it be anything but another privatisation offer. I'm sick of companies in my portfolio being privatise - most of the times on the cheap.

In the last AR 2011, in a circular on the share buyback mandate, it was disclosed that 'The Family Group' (the Founding Partners, Mr. Low Han Cheong and his nephew Mr. Law Peng Kwee, together with their close relatives) controlled 57.32% of the company. There hasn't been any open market purchase by the family group this year. So it will take a lot of moola for the Family to take the company private.

So maybe its an takeover offer?

[crabcrab]

Kian Ann ($0.31) - The counter halt today and close at $0.31. Possibily a takeover a target or some corporate actions? It is interesting note that Sin Heng also halt - both are in the heavy machinery industry. Could it also be some kind of turning the company into Myammar play also? It is of any body guess. Lets hope for the best.....

[lonewolf]

Yup. Looks like possible takeover target. "The Board of Directors (the “Board”) of Kian Ann Engineering Ltd (the “Company”) wishes to inform shareholders of the Company that it has been approached by a party in relation to a possible transaction involving the shares in the Company". Kian Ann Announcement

The Sin Heng action appears to be a separate SPA not related to Kian Ann. Sin Heng Announcement

[Musicwhiz]

Wow another potential GO.

This seems to be happening with increasing regularity. First Adampak, then Cerebos Pacific and now this. All within a space of 6 months.

Interesting, will be monitoring developments.

(Not Vested)

[crabcrab]

http://info.sgx.com/webcoranncatth.nsf/V...D00251786/$file/Holding_Announcement_17_August_2012.pdf?openelement

KIAN ANN ENGINEERING LTD
ANNOUNCEMENT
The Board of Directors (the “Board”) of Kian Ann Engineering Ltd (the “Company”) wishes to inform shareholders of the Company that it has been approached by a party in relation to a possible transaction involving the shares in the Company. The Company wishes to advise shareholders that such discussions are preliminary and non-binding in nature and there is no assurance that any definitive or binding agreements or any transaction will result from such discussions.
Further announcements will be issued by the Company in the event that there are any further material developments regarding the above subject matter. In the meantime, shareholders of the Company are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company. In the event of any doubt, shareholders of the Company should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.
BY ORDER OF THE BOARD
KIAN ANN ENGINEERING LTD
David Tan Wee Kok
Company Secretary
17 August 2012