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Auric Pacific Group
15-03-2017, 08:43 AM,
Post: #141
RE: Auric Pacific Group
There is a subtle yet important difference between Hong Wei, and SCC setups.

In Auric cases, SCC is owned directly by AA(major)/SR, but Auric is owned indirectly by LCR and Goldstream.

In Spindex case, Hong Wei is owned directly by Mr. Tan Choo Pie (major)/Tan Families. Spindex is also owned directly by the Mr. Tan.

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17-03-2017, 11:24 AM,
Post: #142
RE: Auric Pacific Group
The GO is declared unconditional upon >90%. An "exit offer" equivalent i.e. Extended Offer will be started on 24 Mar for 14 days. I am interested to know how many "dissenting stakes" remain upon delisting, without the compulsory acquisition.

----
Offer Declared Unconditional in All Respects
Offer Extended to 7 April 2017
Extended Offer Serves as Exit Offer
Shut-Off Notice
http://infopub.sgx.com/FileOpen/Offer%20...eID=443629

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18-03-2017, 09:18 AM,
Post: #143
RE: Auric Pacific Group
(14-03-2017, 10:20 AM)YMPL Wrote: New update from SCC on its GO. The GO is pretty unique by its setup. Any similar GO? I can not recall any.

VOLUNTARY CONDITIONAL CASH OFFER OF AURIC PACIFIC GROUP LIMITED
- Proposed voluntary delisting of APGL
- Waiver from compliance with Rule 1307 of the Listing Manual
- Extended Offer (as defined below)

http://infopub.sgx.com/FileOpen/Delistin...eID=443125

While doing some search after reading the Spindex industries thread, i noticed that the last successful delisting attempt of CK Tangs in 2009, used something similar (in the sense, they are not required to compulsory acquire the shares), although the method is different.

https://www.valuebuddies.com/thread-1057...l#pid61412

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20-03-2017, 11:39 AM,
Post: #144
RE: Auric Pacific Group
(18-03-2017, 09:18 AM)weijian Wrote:
(14-03-2017, 10:20 AM)YMPL Wrote: New update from SCC on its GO. The GO is pretty unique by its setup. Any similar GO? I can not recall any.

VOLUNTARY CONDITIONAL CASH OFFER OF AURIC PACIFIC GROUP LIMITED
- Proposed voluntary delisting of APGL
- Waiver from compliance with Rule 1307 of the Listing Manual
- Extended Offer (as defined below)

http://infopub.sgx.com/FileOpen/Delistin...eID=443125

While doing some search after reading the Spindex industries thread, i noticed that the last successful delisting attempt of CK Tangs in 2009, used something similar (in the sense, they are not required to compulsory acquire the shares), although the method is different.

https://www.valuebuddies.com/thread-1057...l#pid61412
 
Yes, CK Tang is another unique case, with LLP setup which was not a company under Company Act. It is totally different from Auric case, except the exclusion of compulsory acquisition.

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03-04-2017, 12:40 PM,
Post: #145
RE: Auric Pacific Group
ny buddy still holding on?
I haven't accepted the offer amid busy work.
if u hold on pl pm me ty

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03-04-2017, 03:53 PM,
Post: #146
RE: Auric Pacific Group
Aggregated holding with only a few days left, was 96.78%. There is no apparent reason not to accept the offer now, IMHO

---
The last update on 31 Mar 2017
• Offer Price of S$1.65 per Share is FINAL and will NOT be revised
• Offer Declared UNCONDITIONAL in all respects
• Offer will CLOSE on 7 April 2017 at 5.30 p.m.
• Auric Pacific Group Limited will be DELISTED after the close of the Offer

http://infopub.sgx.com/FileOpen/Dealings...eID=445737

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08-04-2017, 10:52 AM, (This post was last modified: 08-04-2017, 10:53 AM by weijian.)
Post: #147
RE: Auric Pacific Group
Any buddies part of the 2% that will go private with Dr Riady?

- Offer has CLOSED on 7 April 2017 at 5.30 p.m.
- Trading of the Shares on SGX-ST will be SUSPENDED on 10 April 2017 at 9.00 a.m.
- Auric Pacific Group Limited will be DELISTED on 17 April 2017 at 9.00 a.m.
- Settlement of payments to Shareholders to be completed on 12 April 2017

Number of Shares held (including valid acceptances of the Offer) by Offeror and Concert Parties as at 5.30 p.m. on 7 April 2017 is 123,116,883 (97.97%)

http://infopub.sgx.com/FileOpen/Joint%20...eID=447081

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19-05-2017, 09:36 PM,
Post: #148
RE: Auric Pacific Group
(08-04-2017, 10:52 AM)weijian Wrote: Any buddies part of the 2% that will go private with Dr Riady?

- Offer has CLOSED on 7 April 2017 at 5.30 p.m.
- Trading of the Shares on SGX-ST will be SUSPENDED on 10 April 2017 at 9.00 a.m.
- Auric Pacific Group Limited will be DELISTED on 17 April 2017 at 9.00 a.m.
- Settlement of payments to Shareholders to be completed on 12 April 2017

Number of Shares held (including valid acceptances of the Offer) by Offeror and Concert Parties as at 5.30 p.m. on 7 April 2017 is 123,116,883 (97.97%)

http://infopub.sgx.com/FileOpen/Joint%20...eID=447081
since the company delisting, are they still going hold the agm? And still can attend the agm in June?

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19-05-2017, 10:04 PM,
Post: #149
RE: Auric Pacific Group
Weijian looks like you got your belated reply. Pianist. Are you part of the 2%?

Sent from my SM-G930F using Tapatalk

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