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United Engineers
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DinoBullBear
Member |
25-Sep-2017 17:38
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It way way way more complex for mainboard OC/GE/Yanlord-Perennial  Consortium and AGM/EOGM of all parties to agree the valuation price then pass the motion + Shareholder of all parties ACCEPTING the swap offer + SGX listing regulation in place to do what you suggest. And 1 process flop whole m& a gone. Only winner will be sgx and bookrunner. And perhaps some zheng kays
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andychew.eh
Senior |
25-Sep-2017 11:20
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Oxley is playing "a losing game" (well, wins a bit maybe).
What ZSJ of Yanlord can do , strategically is :
Offer 1.5 Yanlord Share for every 1 UE share to merge both entity to become a merged property "giant".
So, Yanlord share will go up above its NAV 1st. By offering this, Yanlord is giving UE sharehokders a discount to hold Yanlord share.
ZSJ will still hold a sizeable majority stake in the enlarged entity property group.
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serious
Master |
21-Sep-2017 12:15
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Unless Oxley counter bid, otherwise not much fire works can be expected. | ||||
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DinoBullBear
Member |
21-Sep-2017 12:12
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2.70. The GO price is low enough to have no impact on expire.   In any case, seems like some investor still coming in to collect... | ||||
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Rembrt
Member |
20-Sep-2017 21:34
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look at the bright side of things, all the big names are owning UE.   If they can make it a more profitable company, all shareholders benefit.  | ||||
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ysh2006
Supreme |
20-Sep-2017 16:25
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Wow the take over not materialist share price no drop alot...one year later than can try again! UE will slowly surely drop a bit a bit untill if have another offer loh...(Maybe don' t have?) no body would like to buy a expensive company fully valued, no meat for the would be RTO guy ...
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CraigFoo
Elite |
20-Sep-2017 00:05
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I think the most direct correlation to this whole takeover exercise is retailers holding UE think that Yanlord\ Perennial as supporting the stock price rather than suppressing it. Therefore they are so eager to sell in the open market thinking that the price will drop below 2.6. In short, you have institutional big boys like Oxley buying up every day and retailers selling to them.. work the equation out yourself. No wonder they always say big fish eat small fish. Literally | ||||
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mrwise
Supreme |
19-Sep-2017 23:02
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Tomorrow free fall below $2.4 | ||||
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desmodeus
Veteran |
19-Sep-2017 22:32
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It's either up or down or sideways
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CraigFoo
Elite |
19-Sep-2017 21:56
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Whos been buying at average 2.7 on a daily basis for the past month?
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investshare
Supreme |
19-Sep-2017 21:53
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No more offer, who will support the price tomorrow? | ||||
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jackson5
Master |
19-Sep-2017 19:26
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Less than 50% is classified as associate , 50.0001 % and more is subsidiary , can consolidate account.
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kirana
Senior |
19-Sep-2017 19:15
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Oh no! I forgot to send in the acceptancve form.
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desmodeus
Veteran |
19-Sep-2017 18:29
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If a company owns between 20 percent and 50 percent of another company' s stock, the company uses the equity method. These method do not lead to consolidating the financial statements. Once the company owns 50 percent of another company, then the company uses the acquisition method and must consolidate the financial statements. Now that YP is barred for making another offer for 12 months, if Oxley make a compelling offer can garner 50%. $3, i give ![]()
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serious
Master |
19-Sep-2017 17:47
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15% is substaintial shareholder but noit major SH . Cant do much becasue when come to voting , only 15% , unless can garner others supports . | ||||
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desmodeus
Veteran |
19-Sep-2017 16:18
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moment of reckoning revised offer, competitive offer or let it close with 34% |
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desmodeus
Veteran |
19-Sep-2017 10:04
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theoretically, a new player amassing 30%  can exert a say on the board given the low toeholds of YP 34% and Oxley 16% who supposedly are not acting in concert wonder how a 15% stake can effectivlely partake in future appreciation of undervalued assets |
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Ronjon
Member |
18-Sep-2017 19:18
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This what Oxley wrote of UE in page 53 of   their (Oxley' s) presentation slides:  " An opportunity to gain access to a quality property portfolio which is under valued considering the current bid prices for land in Singapore" .  
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desmodeus
Veteran |
18-Sep-2017 19:05
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Only way for YP to wriggle out of this debacle, unless they are satisfied with 34% ue and 66% chak balan wbl, is to up the ante to at least $3. Hard to imagine Oxley sharing the same bed as Oxley, they are competing bidders for the OCBC stakes. If ever Oxley makes a GO, it will only for ue. YP can keep wbl for free laundry
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Ronjon
Member |
18-Sep-2017 19:00
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Oxley' s only got 1 industrial building, Space@Tampines.   They are mainly in mixed development and residential, but are diversifying into hospitality.   Recently got TOP for 30 Stevens Road where hotels will be opened sometime next month or so.   They might be itching to break into commercial property.     Hard to tell at this time what' s the deal going to be, but if no new offer comes, shareholders gotto decide what to do, dump quickly or wait.   I think if price shifts downwards, shortists will turn up in force.   There' s always a risk to take either way. 
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