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United Engineers
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DinoBullBear
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03-Aug-2017 13:26
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Wow... I just went for my lunch then... wat happen.. | ||||
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lglg666
Supreme |
03-Aug-2017 13:20
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Something is brewing? | ||||
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DinoBullBear
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03-Aug-2017 11:40
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I share the same view. But it all guessing game now, while these days build up could be coming from an investor, it could also be a pump & dump maneuver by BB. This morning already see heavy selling at 2.66, most likely profit taking from the earlier low price.
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Clipper
Member |
03-Aug-2017 10:59
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thanks for the information and update. I suppose we may need bigger data pool to provide a glimpse into who is collecting the UE shares (if any). As a share holders of UE we need to unite and prevent the Offeror from achieving 50% of common shares since their $2.60 price is low an unfair to UE share holders. Anyone member of SIAS ? SIAS voice can be effective to channel share holders concerns. | ||||
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DinoBullBear
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03-Aug-2017 10:10
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Mine was bought by DBSV yesterday 
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investshare
Supreme |
03-Aug-2017 08:10
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Yes. And no reason for them to raise as they do not intent to delist.
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tonylim
Master |
03-Aug-2017 07:56
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Wonder who buying at 2.67 when the offer price by Yanlord is 2.60 ?   Usually, the last done should have slightly (2-5%) below the offer price 2.60 
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asphodeli
Member |
03-Aug-2017 07:53
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No, the Offerors are not allowed to do that, if any of the Offerors or their concert parties buys above 2.60, they must raise their offer price. Remember what happened to OSIM?
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tonylim
Master |
03-Aug-2017 07:48
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The closing was 2.67 ?   It could be Yanlord desperately accumulating in sufficient amount in order to make the offer mandatory & unconditional So don' t accept at 2.60 or sell below the NAV of 2.90.   Don' t rush and patience will pay off.
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tonylim
Master |
03-Aug-2017 07:44
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Agree.   It must be above the NAV.   Minimum offer should be $3
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Clipper
Member |
02-Aug-2017 17:15
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Does anyone know who the buying counterparty ?  | ||||
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desmodeus
Veteran |
02-Aug-2017 16:59
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finally show hand show to watch |
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desmodeus
Veteran |
02-Aug-2017 16:52
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come, $3 I give to you | ||||
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DinoBullBear
Member |
02-Aug-2017 16:24
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What happen? More than 1m just gone on sell Q 265? | ||||
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desmodeus
Veteran |
02-Aug-2017 13:56
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You are absolutely right. Let' s us see what the independent directors recommend, whether they are worth their salt
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Clipper
Member |
02-Aug-2017 13:47
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Yanlord is buying the WBL share from OCBC at $2.07, and UE at $2.60. Since UE owns 67.5% of WBL, UE share holders is entitiled to WBL' s value ($2.07 as OCBC has valued the WBL worth). | ||||
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desmodeus
Veteran |
02-Aug-2017 13:41
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In the end get 100% of WBL which has no assets and 50% of UE properties, if lucky. True winner OCBC. Haha | ||||
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DinoBullBear
Member |
02-Aug-2017 12:39
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You mean 2.70 right..
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Clipper
Member |
02-Aug-2017 12:18
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I totally agreed with leescum' s post on July 14. Although I have smaller stake in UE, I strongly felt that as UE shareholders we are entitled to atleast $2.07 for WBL portion which UE owned. As share holders we should band together not to sell UE at $2.60 to offeror, but vote to sell WBL at $2.07. When is the share holder meeting to vote for this sale ? Since my shares are held in bank custodian, I better check with my bank about the offer document since I do not have it personally. |
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lglg666
Supreme |
02-Aug-2017 11:32
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Possible from the price actions and volume in today's trading. And looking at Perennial too....share price and volume.
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