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sp71171 Member	07-Dec-2015 17:16        sp71171 About Contact  Quote this Post!
x 0   x 0  Alert Admin	crazy, no one says the world is fair, please. forget about block the deal as a minority sh. sgng123      ( Date: 07-Dec-2015 17:07) Posted: g6 alliance would collapse once apl pulled out since the demand and supply is so delicate balanced. The guy don know how to keep low profile and later he would get surprise from japanese and maersk. Getting TH support do not meant battle 100% won, would face headwind if other countries gang up and use their political clout to block sale in US/EU/China since still need approval  for deal t opull thorough. TH willing to stomach a lower price due to guarantee by CMA to continue to support singapore trade and pull cargo from other place to singapore. So in a sense temasek do NS to serve singapore but not the remaining 33% shareholders. Temasek can go lose billion if it wants but if the action causes disturbance to mega alliance, countries national interest they better watch out lol. P3 got killed cos china wanna protect it national interest. granto      ( Date: 07-Dec-2015 16:45) Posted: Some interesting comments from Saade from the press conference, see last para:  http://splash247.com/cma-cgm-takeover-of-nol-confirmed/
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kagekage Member	07-Dec-2015 17:12        kagekage About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wat NS?? Once you sold the company to other people already, u still have say in their management and business decision? Now promise this promise that, once bought over, if their business strategy is against our country interest, wat can we do ... jokers :) sgng123      ( Date: 07-Dec-2015 17:07) Posted: g6 alliance would collapse once apl pulled out since the demand and supply is so delicate balanced. The guy don know how to keep low profile and later he would get surprise from japanese and maersk. Getting TH support do not meant battle 100% won, would face headwind if other countries gang up and use their political clout to block sale in US/EU/China since still need approval  for deal t opull thorough. TH willing to stomach a lower price due to guarantee by CMA to continue to support singapore trade and pull cargo from other place to singapore. So in a sense temasek do NS to serve singapore but not the remaining 33% shareholders. Temasek can go lose billion if it wants but if the action causes disturbance to mega alliance, countries national interest they better watch out lol. P3 got killed cos china wanna protect it national interest. granto      ( Date: 07-Dec-2015 16:45) Posted: Some interesting comments from Saade from the press conference, see last para:  http://splash247.com/cma-cgm-takeover-of-nol-confirmed/
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sgng123 Supreme	07-Dec-2015 17:07        sgng123 About Contact  Quote this Post!
x 1   x 0  Alert Admin	g6 alliance would collapse once apl pulled out since the demand and supply is so delicate balanced. The guy don know how to keep low profile and later he would get surprise from japanese and maersk. Getting TH support do not meant battle 100% won, would face headwind if other countries gang up and use their political clout to block sale in US/EU/China since still need approval  for deal t opull thorough. TH willing to stomach a lower price due to guarantee by CMA to continue to support singapore trade and pull cargo from other place to singapore. So in a sense temasek do NS to serve singapore but not the remaining 33% shareholders. Temasek can go lose billion if it wants but if the action causes disturbance to mega alliance, countries national interest they better watch out lol. P3 got killed cos china wanna protect it national interest. granto      ( Date: 07-Dec-2015 16:45) Posted: Some interesting comments from Saade from the press conference, see last para:  http://splash247.com/cma-cgm-takeover-of-nol-confirmed/
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Octavia Supreme	07-Dec-2015 17:05        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Illustrative Timeline &ndash Targeted satisfaction of preconditions by mid 2016 Announcement of Pre-Conditional Voluntary General Offer: 7 December 2015 Pre-conditions fulfilled CMA CGM announces firm VGO: ~ June 2016 (example 30 June 2016) Dispatch of Offer Document Offer opens for acceptance: + 14 days (example 14 July 2016) Temasek tenders its shares in acceptance and offer becomes unconditional: + 6 days (example 20 July 2016) First Closing Date: + 28 days after the offer opens (example 11 August 2016) See Presentation slide at below link. http://infopub.sgx.com/FileOpen/Analyst%20Presentation%20-%207%20Dec%202015.ashx?App=Announcement& FileID=381433
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Octavia Supreme	07-Dec-2015 17:01        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	NOL board recommends the offer and Temasek irrevocably undertakes to tender all of its shares &bull NOL board after considering strategic options, recommends CMA CGM&rsquo s offer &bull Citi has issued a fairness opinion to NOL board indicating that the offer is fair, from a financial point of view &bull NOL&rsquo s majority shareholders (Temasek and its affiliates) fully support the transaction and have given an irrevocable undertaking to CMA CGM to tender all of their shares in acceptance of the offer &bull CMA CGM does not intend to preserve NOL&rsquo s listing on SGX. Immediately after the offer closes: ― if CMA CGM holds 90% or more of total NOL shares outstanding, CMA CGM will commence the compulsory acquisition and delisting process ― If CMA CGM holds less than 90% of total NOL shares outstanding, NOL may remain listed on the Singapore Stock Exchange. ― Remaining shareholders could potentially face concerns around lower trading liquidity
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sgng123 Supreme	07-Dec-2015 16:57        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	since cpf money die die cannot take out so they might decide to repeat 2004 drama.
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sgng123 Supreme	07-Dec-2015 16:56        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	cpf investors i refering to not us lah sp71171      ( Date: 07-Dec-2015 16:50) Posted: does not make sense to hold as minority sh after privatization.  sgng123      ( Date: 07-Dec-2015 16:42) Posted: those who buy recently can run now but only maybe less than 1%. What happening now is those remaining 30+% minority shareholders who shit off NOL privatisation plan in 2004 when the offer price is 2.80, 1.2X P/B. Those shareholders hardcore one most likely holding share through CPF would hold siege to CMA offer. Basically NOL majority shareholder changed hands only but stock remain listed, another fail attempt to take it private. It is just the management changed from singaporean hand to french hand. Maybe NOL would turn profitable under french lead lol. But CMA got a habit of not listing it subisdies companies so it might make another offer to remaining shareholders to take it private but just gona wait another 1 year for it. in summary this drama show is not for minority it is soley a temasek solo act and they the one who let go at 1.30 but too bad SGX rule stated any changes of > 30%, need to make general offer.
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spore1 Supreme	07-Dec-2015 16:55        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That was during the Era of container shipping booming time.I think IPO $2+.Now shipping is still over supply and low freight rates cannot complain Liao. sgng123      ( Date: 07-Dec-2015 16:42) Posted: those who buy recently can run now but only maybe less than 1%. What happening now is those remaining 30+% minority shareholders who shit off NOL privatisation plan in 2004 when the offer price is 2.80, 1.2X P/B. Those shareholders hardcore one most likely holding share through CPF would hold siege to CMA offer. Basically NOL majority shareholder changed hands only but stock remain listed, another fail attempt to take it private. It is just the management changed from singaporean hand to french hand. Maybe NOL would turn profitable under french lead lol. But CMA got a habit of not listing it subisdies companies so it might make another offer to remaining shareholders to take it private but just gona wait another 1 year for it. in summary this drama show is not for minority it is soley a temasek solo act and they the one who let go at 1.30 but too bad SGX rule stated any changes of > 30%, need to make general offer. spore1      ( Date: 07-Dec-2015 16:29) Posted: Consider v gd price Liao.Many bought at $1 or below $1.20 already into profit . At least it is offering $1.30 and not $1.10
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ascend88 Master	07-Dec-2015 16:55        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do NS ... Or else who goes to Tuas granto      ( Date: 07-Dec-2015 16:45) Posted: Some interesting comments from Saade from the press conference, see last para:  http://splash247.com/cma-cgm-takeover-of-nol-confirmed/
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sp71171 Member	07-Dec-2015 16:50        sp71171 About Contact  Quote this Post!
x 0   x 0  Alert Admin	does not make sense to hold as minority sh after privatization.  sgng123      ( Date: 07-Dec-2015 16:42) Posted: those who buy recently can run now but only maybe less than 1%. What happening now is those remaining 30+% minority shareholders who shit off NOL privatisation plan in 2004 when the offer price is 2.80, 1.2X P/B. Those shareholders hardcore one most likely holding share through CPF would hold siege to CMA offer. Basically NOL majority shareholder changed hands only but stock remain listed, another fail attempt to take it private. It is just the management changed from singaporean hand to french hand. Maybe NOL would turn profitable under french lead lol. But CMA got a habit of not listing it subisdies companies so it might make another offer to remaining shareholders to take it private but just gona wait another 1 year for it. in summary this drama show is not for minority it is soley a temasek solo act and they the one who let go at 1.30 but too bad SGX rule stated any changes of > 30%, need to make general offer. spore1      ( Date: 07-Dec-2015 16:29) Posted: Consider v gd price Liao.Many bought at $1 or below $1.20 already into profit . At least it is offering $1.30 and not $1.10
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granto Master	07-Dec-2015 16:45        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	Some interesting comments from Saade from the press conference, see last para:  http://splash247.com/cma-cgm-takeover-of-nol-confirmed/
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sgng123 Supreme	07-Dec-2015 16:42        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	those who buy recently can run now but only maybe less than 1%. What happening now is those remaining 30+% minority shareholders who shit off NOL privatisation plan in 2004 when the offer price is 2.80, 1.2X P/B. Those shareholders hardcore one most likely holding share through CPF would hold siege to CMA offer. Basically NOL majority shareholder changed hands only but stock remain listed, another fail attempt to take it private. It is just the management changed from singaporean hand to french hand. Maybe NOL would turn profitable under french lead lol. But CMA got a habit of not listing it subisdies companies so it might make another offer to remaining shareholders to take it private but just gona wait another 1 year for it. in summary this drama show is not for minority it is soley a temasek solo act and they the one who let go at 1.30 but too bad SGX rule stated any changes of > 30%, need to make general offer. spore1      ( Date: 07-Dec-2015 16:29) Posted: Consider v gd price Liao.Many bought at $1 or below $1.20 already into profit . At least it is offering $1.30 and not $1.10
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sp71171 Member	07-Dec-2015 16:42        sp71171 About Contact  Quote this Post!
x 0   x 0  Alert Admin	you are in safe hands, my dear.  we are being taken care by the elites and scholars, don' t scare.  anyway, looks like at the end of the tunnel. not many flagship left, probably sia will be next, looking at the industry dynamics. mrbean249      ( Date: 07-Dec-2015 16:29) Posted: Damn sia suay man temasek, national asset trampled upon by the french. Apparently 70% of sinkies think temasek strategy of buy high sell low is perfectly fine. Please vote wisely 5 years later.
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sgng123 Supreme	07-Dec-2015 16:33        sgng123 About Contact  Quote this Post!
x 0   x 1  Alert Admin	by the way S$1.30 is for temasek to sell away it 67% holding, whether the rest wanna to sell at that price is their choice. Well at least now we CMA to show hand, hope maersk can come up with counter bid since financial power of maersk is much stronger than CMA. But this is a longdrawn out bid offer as they need to attain approval from US/EU/China for the deal t opull thorugh.  Deal could die halfway if the american think temasek is short changing american national interest by selling cheap on APL. Container shipping sale is very troublesome , lot of hurdles to cross and just need 1 slip to end it.
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spore1 Supreme	07-Dec-2015 16:29        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Consider v gd price Liao.Many bought at $1 or below $1.20 already into profit . At least it is offering $1.30 and not $1.10
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mrbean249 Senior	07-Dec-2015 16:29        mrbean249 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Damn sia suay man temasek, national asset trampled upon by the french. Apparently 70% of sinkies think temasek strategy of buy high sell low is perfectly fine. Please vote wisely 5 years later.
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Limchweepoh Member	07-Dec-2015 16:26        Limchweepoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Minority shareholders has taught TH a lesson before & CMA must also know it is not easy to obtain >90% from these long term investors. highly some kinds of "barter trade" - in exchange for cma to maintain its presence here, TH/NOL willing to accept a lower price. This would give CMA leeway to up their offer price under GO later to minority shareholders or to offer higher than $1.30 to mop up shares in the open market. In the worst case scenario, if NOL can get delisted, a RTO can take place for CMA to get listed here few years down the road Lecithin      ( Date: 07-Dec-2015 15:55) Posted: Very disappointed by TH acceptance of the offer S$1.30. This is obvious that TH short changed minority shareholders to fulfil Singapore position continue to maintain a important hub in Asia. This is to  ensure that ports activities remain / increases here in Spore. We as minority shareholders are doing NS for Singapore economy by TH accepting a lower than book value deal. This is not fair to minority shareholders who keep the NOL shares for so many years. SAD. clob1997      ( Date: 07-Dec-2015 15:48) Posted: From the joint press release: Tan Chong Lee, Head Portfolio Management at Temasek, said: &ldquo We are supportive of this transaction as it presents NOL with an opportunity to join a leading player with an extensive global presence and solid operational track record. The combination of NOL and CMA CGM will create a leading shipping company that delivers reliable and efficient service to its customers. Their complementary strengths will yield mutually beneficial results. We also note and welcome the commitment of CMA CGM to enhance Singapore&rsquo s position as a key maritime hub and grow Singapore&rsquo s container throughput volumes.&rdquo   Commitment to Singapore: Reinforcing Singapore&rsquo s leadership in the maritime and shipping industry   CMA CGM attaches significant importance to Singapore and the region for the deployment of its strategy in Asia. The combined entity would reinforce Singapore&rsquo s leadership in the maritime and shipping sector as the city-state seeks to increase maritime services and transportation volumes, including committing more volumes through Singapore. CMA CGM will also contribute to reinforce Singapore as a center of excellence in the field of maritime activities as CMA CGM plans to use Singapore as a key hub in Asia. In this regard, CMA CGM plans to establish its regional head office in Singapore. This consolidation of CMA CGM&rsquo s longstanding presence in Asia in Singapore aims at providing efficient and quality services to customers in the region. Following this transaction, CMA CGM intends to further leverage NOL&rsquo s historic legacy and reinforce its presence in Singapore.    It is quite clear that TH negotiated deal to ensure that ports activities remain / increases here in Spore. LT Investors are following TH doing NS, accepting a lower than book-value deal. But TH will gain back gradually thru PSA with higher port volumes.
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sgng123 Supreme	07-Dec-2015 15:56        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Make investor lose money cos they want to do NS, this really sucks for singapore. If want to do NS, pls don not ever list companies, just do it in private and save investor lot of grief. This not gona go down well with those CPF investors, they might hold NOL hostage with their share holding. NOL might get a change of management but still remain listed cos stubborn CPF investors refuse to let go. IT gona suck bigtime for both CMA and Temasek, maybe CMA would use NOL as backdoor to listing lol. clob1997      ( Date: 07-Dec-2015 15:48) Posted: From the joint press release: Tan Chong Lee, Head Portfolio Management at Temasek, said: &ldquo We are supportive of this transaction as it presents NOL with an opportunity to join a leading player with an extensive global presence and solid operational track record. The combination of NOL and CMA CGM will create a leading shipping company that delivers reliable and efficient service to its customers. Their complementary strengths will yield mutually beneficial results. We also note and welcome the commitment of CMA CGM to enhance Singapore&rsquo s position as a key maritime hub and grow Singapore&rsquo s container throughput volumes.&rdquo   Commitment to Singapore: Reinforcing Singapore&rsquo s leadership in the maritime and shipping industry   CMA CGM attaches significant importance to Singapore and the region for the deployment of its strategy in Asia. The combined entity would reinforce Singapore&rsquo s leadership in the maritime and shipping sector as the city-state seeks to increase maritime services and transportation volumes, including committing more volumes through Singapore. CMA CGM will also contribute to reinforce Singapore as a center of excellence in the field of maritime activities as CMA CGM plans to use Singapore as a key hub in Asia. In this regard, CMA CGM plans to establish its regional head office in Singapore. This consolidation of CMA CGM&rsquo s longstanding presence in Asia in Singapore aims at providing efficient and quality services to customers in the region. Following this transaction, CMA CGM intends to further leverage NOL&rsquo s historic legacy and reinforce its presence in Singapore.    It is quite clear that TH negotiated deal to ensure that ports activities remain / increases here in Spore. LT Investors are following TH doing NS, accepting a lower than book-value deal. But TH will gain back gradually thru PSA with higher port volumes.
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Lecithin Member	07-Dec-2015 15:55        Lecithin About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	Very disappointed by TH acceptance of the offer S$1.30. This is obvious that TH short changed minority shareholders to fulfil Singapore position continue to maintain a important hub in Asia. This is to  ensure that ports activities remain / increases here in Spore. We as minority shareholders are doing NS for Singapore economy by TH accepting a lower than book value deal. This is not fair to minority shareholders who keep the NOL shares for so many years. SAD. clob1997      ( Date: 07-Dec-2015 15:48) Posted: From the joint press release: Tan Chong Lee, Head Portfolio Management at Temasek, said: &ldquo We are supportive of this transaction as it presents NOL with an opportunity to join a leading player with an extensive global presence and solid operational track record. The combination of NOL and CMA CGM will create a leading shipping company that delivers reliable and efficient service to its customers. Their complementary strengths will yield mutually beneficial results. We also note and welcome the commitment of CMA CGM to enhance Singapore&rsquo s position as a key maritime hub and grow Singapore&rsquo s container throughput volumes.&rdquo   Commitment to Singapore: Reinforcing Singapore&rsquo s leadership in the maritime and shipping industry   CMA CGM attaches significant importance to Singapore and the region for the deployment of its strategy in Asia. The combined entity would reinforce Singapore&rsquo s leadership in the maritime and shipping sector as the city-state seeks to increase maritime services and transportation volumes, including committing more volumes through Singapore. CMA CGM will also contribute to reinforce Singapore as a center of excellence in the field of maritime activities as CMA CGM plans to use Singapore as a key hub in Asia. In this regard, CMA CGM plans to establish its regional head office in Singapore. This consolidation of CMA CGM&rsquo s longstanding presence in Asia in Singapore aims at providing efficient and quality services to customers in the region. Following this transaction, CMA CGM intends to further leverage NOL&rsquo s historic legacy and reinforce its presence in Singapore.    It is quite clear that TH negotiated deal to ensure that ports activities remain / increases here in Spore. LT Investors are following TH doing NS, accepting a lower than book-value deal. But TH will gain back gradually thru PSA with higher port volumes.
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sgng123 Supreme	07-Dec-2015 15:51        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	it the same with tigerair, it would open with indicative offer price. sell if u wanna get off train at 1.30, as nobody would sell below it anyway. this come as disappointment guess temasek not serious about getting good value for investors. THey themselve also lose like US$1B for this offer price.
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