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United Engineers
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kirana
Senior |
01-Feb-2015 17:57
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The way I see it, OCBC and GE parenting UE. Daughter grown up. Dress up, slim down excess fat. Ready for marriage. If too many boyfriends there will be love and tears during courtship. Haha there will be hurtings. There will be sweetness. | ||||
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kirana
Senior |
01-Feb-2015 17:49
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One more thing. Selectar mall is share-share with SPH. Have to sort out ownership. But Orchard gateway is out of UE directly transferred back to OCBC. Am I right? | ||||
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nea03177
Senior |
01-Feb-2015 13:59
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You analyse well! I Also like Kyoto 2008 analysis for UE and other counters. May his analysis come true and we all Huat. Next few days will be volatile for UE. One party pushing up, the other party pushing it down. Hope we all get the rewards from their tussle.
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kirana
Senior |
01-Feb-2015 09:56
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We are speculating. I speculate Mr C wants it all to be injected to the Frasers brand. Ms C more like business legacy of ancestors, and if cannot get back, at least there is something to gain for future use. I would do the same. Unluckily I am not of same category. Cheers for a good outcome. | ||||
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nea03177
Senior |
31-Jan-2015 23:44
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Mr C may want to keep UE listed like what he did to F&N, asking to place out another 10% into the market to avoid delisting. Ms CGK may be buying to block takeover or reap some benefits. Just my thinking. The fall in price on Friday is puzzling. Is it to depress the price so that offer will appear attractive? If that is so, then someone will push it up again so that offer will be higher. Just my rambling. If wrong, then sorry lor! | ||||
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kirana
Senior |
31-Jan-2015 22:41
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I also suspect Ms C party might ve buying | ||||
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nea03177
Senior |
31-Jan-2015 20:04
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At EGM on 28 Nov, one shareholder asked whether UE will be sold off. The Chairman said we are here to talk about UE E&C Ltd. We cannot comment on any other matters except what we want shareholders to approve at this EGM. | ||||
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Qanghoo
Supreme |
31-Jan-2015 19:14
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If this has been  hypothesised  doubt it' s credible.    Qn is does UE hold  and/or is engaged in any business that is of  national, security  or strategic or some special interest that makes it a risk to pass on to foreign control.  Other than the three local banks, SPH n STE, don' t think there many others with such definitions.  Afterall, APB n Stats have gone/is going off without issue.  Don' t think there is any problem with UE too.
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kirana
Senior |
31-Jan-2015 18:58
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I think there is a theory that all should not go to Thai hand. Is not good for Singapore. | ||||
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kirana
Senior |
31-Jan-2015 18:53
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If she willing to pay sky high (irrational) price, do you think OCBC team care? | ||||
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nea03177
Senior |
31-Jan-2015 18:50
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Agree with you. But if she decides she wants all of UE, they may not want to sell to her after the previous saga.
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nea03177
Senior |
31-Jan-2015 18:36
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Go to www.uel.com.sg to read their annual report. Also read their latest announcements on disposal, then you will have all their assets. I lost my copy of the Annual report.
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kirana
Senior |
31-Jan-2015 18:36
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Mr C wants all of UE including WBL properties. Ms C interested in the WBL portion. | ||||
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hem2998
Veteran |
31-Jan-2015 18:07
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thanks.  I missed this completely!   so does that mean UE only has MFlex in its stable?
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nea03177
Senior |
31-Jan-2015 18:00
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24 Nov 2014, SGX announcement at 17:34:39 completion of disposal of 100% of shareholdings in Wearnes Automomotive Pte Ltd and Associated Motor Industries (Pte Ltd) by WBL Corp, a subsidiary of UE
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hem2998
Veteran |
31-Jan-2015 17:34
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thats strange.  the only annoucnment on SGX is the PROPOSED SALE and not COMPLETION OF SALE. http://infopub.sgx.com/FileOpen/UE_Proposed_Disposal_WBL_Automotive_Division.ashx?App=Announcement& FileID=312330   can you point out the info please?
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nea03177
Senior |
31-Jan-2015 17:10
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Although long stop date of 30 Jan 2015 was mentioned, the transaction was completed earlier on 24 Nov 2014 and reported in SGX and updated by UE at their EGM on 28 Nov 2014 when they sought approval to dispose UE E&C Ltd. Shareholders complained when they collect nasi lemak Bento set bought from Lee Wee Bros.
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kirana
Senior |
31-Jan-2015 11:58
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Where is Straits Trading standing? It could complicate | ||||
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hem2998
Veteran |
31-Jan-2015 11:14
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true. but this extension is only 13days. i guess everyone wants to wrap up befor CNY! my guess is Mr C offer $3.28 ...but OCBC wants $3.58 or higher
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kirana
Senior |
31-Jan-2015 10:26
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If play out like F&N it will be $3.55 | ||||
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