Biosensors International Group

[Patrick Lim]

Since it is stake of around 21.7%, could it be a move to privatise biosensor through a general offer?

I don't think so as they will have to offer at least $1.05 for the rest of Biosensor.If they wanted that,they could have rounded up another 8.3% and make a conditional offer.If they get 50% then it's a mandatory unconditional offer.It's a lot of money to pay for a company that is exposed to new medical advancement/discoveries in treatment of blocked arteries.Remember balloning ?
Not vested

[Aldar]

Any thoughts on this company since the previous majority shareholder Weigao Tech sold its entire stake to Citic PE for S$1.05?

Why is the stock trading at a c.16% discount to the privately negotiated price?

Also do you think there is high chance for a take private offer by Citic PE?

[CityFarmer]

Any thoughts on this company since the previous majority shareholder Weigao Tech sold its entire stake to Citic PE for S$1.05?

Why is the stock trading at a c.16% discount to the privately negotiated price?

Also do you think there is high chance for a take private offer by Citic PE?

There is an existing thread of the company. I will merge this post into the thread. Please do a search before starting new thread.

You might be able to find your answer from the thread's existing posts.

Regards
Moderator

[CityFarmer]

Any thoughts on this company since the previous majority shareholder Weigao Tech sold its entire stake to Citic PE for S$1.05?

Why is the stock trading at a c.16% discount to the privately negotiated price?

Also do you think there is high chance for a take private offer by Citic PE?

Here is probably the answer...

Citic Private Equity said to consider Biosensors takeover bid

Citic Private Equity Funds Management Co. is considering buying full control of medical devices maker Biosensors International Group, said two people with knowledge of the deliberations.

The Beijing-based firm, an arm of China’s state-backed Citic Group Corp. conglomerate, is in talks with several banks about financing for a deal, said the people, who asked not to be identified because the information is private. It owns about 22% of the Singapore-listed company, which has a market value of $1.5 billion.

Citic Private Equity is considering an offer for the rest of Biosensors after the company lost about half its value from a February 2012 peak, the people said. It could be the second- largest buyout by a Chinese private equity firm in the past decade, based on Biosensors’ market capitalization, data compiled by Bloomberg show.
...
http://www.theedgesingapore.com/the-dail...r-bid.html

[greengiraffe]

http://www.businesstimes.com.sg/premium/...e-20140716

PUBLISHED JULY 16, 2014
Biosensors shares fall after CB Medical pares stake
Move by major shareholder deals blow to talk of takeover
BYNISHA RAMCHANDANI
nishar@sph.com.sg @Nisha_BT

SHARES in medical devices maker Biosensors International Group lost seven cents to close at 86.5 cents yesterday after substantial shareholder CB Medical Holdings sold off nearly 40 million shares.
The counter slipped to a low of 83 cents in trading yesterday before finally closing at 86.5 cents, with 35.84 million shares changing hands.
Owned by China-based fund Citic Private Equity, CB Medical divested some 39.5 million shares at an average price of US$0.84 per share. This cuts its stake in Biosensors from 21.78 per cent to 19.46 per cent.
In a note to clients, CIMB said that the fund could be pulling out of Biosensors, putting to rest earlier speculation of a takeover offer. CIMB has a "hold" call on the stock, with a target price of $1.01.

[Stecano]

Biosensors shares near its 52 week low.
1.7 billion outstanding shares. Revenue 323 mil in 2014
511 m cash in 2014. Is this considered relatively 'a lot'?
However ROE and ROA from 2010 to 2014 in steep decline.
Seems like they are real good at issuing shares and ended up with lots of cash.
Does anybody know what are they going to do with the cash?
Did they mention this during the AGM?
Looks like money is just sitting there.
Maybe that's why share price is heading south?

[greengiraffe]

PUBLISHED AUGUST 20, 2014
Citic unit not in bid for Biosensors

BIOSENSORS International Ltd said yesterday that a private equity unit of Citic Group has decided not to proceed with its takeover bid of the company.
Citic Private Equity Funds Management Co Ltd was reported to be in talks to take over the entire stake of Biosensors, a medical equipment-maker with headquarters in Singapore.
"Citic Private Equity Funds Management Co Ltd has informed the company that it has decided not to proceed with any takeover transactions involving the shares in the company at this point in time," Biosensors said in a statement.
Citic PE already holds an indirect stake of 21.8 per cent in the company and is its largest shareholder. Biosensors' shares have fallen 10 per cent so far this year, after a surge in February as takeover talks faded. - Reuters

[butcher]

Biosensors shares took a beating this year. Wondering still have any potential to turn back

[greengiraffe]

http://www.businesstimes.com.sg/companie...biosensors

Weak China sentiment continues to hit Biosensors
By
Cai Haoxianghaoxiang@sph.com.sg@HaoxiangCaiBT
13 Nov5:50 AM
Singapore

MEDICAL devices company Biosensors International continued to struggle with weak market sentiment in China as it reported a net profit of US$4.9 million for the three months ended Sept 30, 2014, 56 per cent lower than the US$11.3 million a year ago.

Overall revenue fell

[crabcrab]

Biosensors ($0.67) - Biosensors CREDIT II stent trial completes enrolment

http://infopub.sgx.com/FileOpen/BIG_Pres...eID=338326