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TMW1986 Master	13-Jul-2017 12:51        TMW1986 About Contact  Quote this Post!
x 0   x 0  Alert Admin	$3? So low. I think $3.20 will be better. Lol. joshlai86      ( Date: 13-Jul-2017 12:44) Posted: Chinese Consortium Is Said to Value GLP at Around S$3/Share 2017-07-13 04:35:06.146 GMT By Joyce Koh, Jonathan Browning and Vinicy Chan (Bloomberg) -- The Chinese consortium entering final deal negotiations to acquire Global Logistic Properties is planning to offer around S$3/share for the Singapore-based warehouse operator, people with knowledge of the matter said.  * Bid would give GLP an equity value of about $10b, data compiled by Bloomberg show * The investor group -- which is fronted by GLP CEO Ming Mei -- includes Hillhouse, Hopu and China Vanke, the people said, asking not to be identified because the information is private * Ping An, which previously held talks about partnering with the Chinese investors, didn&rsquo t end up joining the deal: people * Representatives for GLP and the Chinese consortium declined to comment * A representative for  Vanke  said the company has no information to disclose, while a representative for Ping An didn&rsquo t immediately respond to emailed queries
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nea03177 Senior	13-Jul-2017 12:51        nea03177 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Will the 6 cents dividend be deducted from their offer price? Hope like SMRT let the shareholders keep the dividend joshlai86      ( Date: 13-Jul-2017 12:44) Posted: Chinese Consortium Is Said to Value GLP at Around S$3/Share 2017-07-13 04:35:06.146 GMT By Joyce Koh, Jonathan Browning and Vinicy Chan (Bloomberg) -- The Chinese consortium entering final deal negotiations to acquire Global Logistic Properties is planning to offer around S$3/share for the Singapore-based warehouse operator, people with knowledge of the matter said.  * Bid would give GLP an equity value of about $10b, data compiled by Bloomberg show * The investor group -- which is fronted by GLP CEO Ming Mei -- includes Hillhouse, Hopu and China Vanke, the people said, asking not to be identified because the information is private * Ping An, which previously held talks about partnering with the Chinese investors, didn&rsquo t end up joining the deal: people * Representatives for GLP and the Chinese consortium declined to comment * A representative for  Vanke  said the company has no information to disclose, while a representative for Ping An didn&rsquo t immediately respond to emailed queries
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joshlai86 Veteran	13-Jul-2017 12:44        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Chinese Consortium Is Said to Value GLP at Around S$3/Share 2017-07-13 04:35:06.146 GMT By Joyce Koh, Jonathan Browning and Vinicy Chan (Bloomberg) -- The Chinese consortium entering final deal negotiations to acquire Global Logistic Properties is planning to offer around S$3/share for the Singapore-based warehouse operator, people with knowledge of the matter said.  * Bid would give GLP an equity value of about $10b, data compiled by Bloomberg show * The investor group -- which is fronted by GLP CEO Ming Mei -- includes Hillhouse, Hopu and China Vanke, the people said, asking not to be identified because the information is private * Ping An, which previously held talks about partnering with the Chinese investors, didn&rsquo t end up joining the deal: people * Representatives for GLP and the Chinese consortium declined to comment * A representative for  Vanke  said the company has no information to disclose, while a representative for Ping An didn&rsquo t immediately respond to emailed queries
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phil1314 Senior	13-Jul-2017 12:42        phil1314 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Obviously trading halt to catch short sellers that CharSiao for pressing price down with some good announcements joshlai86      ( Date: 13-Jul-2017 11:51) Posted: it' s pretty obvious they were pushing down the VWAP so to make the offer price more attractive. FrederickYap      ( Date: 13-Jul-2017 11:31) Posted: Unusually high volume 2 days prior to announcement of trading halt. Could this be due to prior knowledge of the deal ?
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twinpower Member	13-Jul-2017 12:23        twinpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	This was my initial thoughts as well. But am wondering about the roles of JP Morgan here - in making a recommendation to GIC, there must be a cut-off date in the data that they use. 30 june seems a convenient date since it coincides with bid closure date. Not sure on this. But surely the cutoff cannot be 2 days ago? Which means the high VWAP past few days would not be a factor. Just thinking out loud... joshlai86      ( Date: 13-Jul-2017 11:51) Posted: it' s pretty obvious they were pushing down the VWAP so to make the offer price more attractive. FrederickYap      ( Date: 13-Jul-2017 11:31) Posted: Unusually high volume 2 days prior to announcement of trading halt. Could this be due to prior knowledge of the deal ?
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Andrewtan18 Senior	13-Jul-2017 12:17        Andrewtan18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha, you are right. Whoever seek to list in SGX will find their company shares rotting in the cave that hardly sees daylight.  TanSiBeiKu      ( Date: 13-Jul-2017 11:06) Posted: Likely to be a Scheme of arrangement to take it Private, similar to ARA. My guess around $3.20. Majority of the retail investors will be happy to cash out and GIC can continue to work on it' s expansion blueprint in Greater China with the Chinese consortium involvement.  Subsequently, IPO at higher valuation, definitely not in SGX.  joshlai86      ( Date: 13-Jul-2017 10:59) Posted: may not be that attractively priced. scheme of arrangement being discussed. GLP Is Said to Pick Chinese Bidder in Asia&rsquo s Biggest Buyout (1) 2017-07-13 02:35:43.987 GMT By Joyce Koh, Vinicy Chan and Jonathan Browning (Bloomberg) -- Global Logistic Properties Ltd., the $9.2 billion Singapore warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final deal talks, people with knowledge of the matter said. The investor group, fronted by GLP Chief Executive Officer Ming Mei, edged out a rival consortium led by Warburg Pincus, according to the people. The Chinese consortium, which includes private equity firms Hillhouse Capital Management  and  Hopu Investment Management, will now negotiate definitive terms for the transaction, the people said, asking not to be identified because the information is private.  Under the deal being contemplated, GLP would be taken private through a scheme of arrangement, the people said. The Chinese investor group will seek to obtain an undertaking from Singapore sovereign fund GIC Pte, which owns about 37 percent of the company, to vote in favor of the offer, according to the people.
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joshlai86 Veteran	13-Jul-2017 11:51        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	it' s pretty obvious they were pushing down the VWAP so to make the offer price more attractive. FrederickYap      ( Date: 13-Jul-2017 11:31) Posted: Unusually high volume 2 days prior to announcement of trading halt. Could this be due to prior knowledge of the deal ?
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HiFive123 Member	13-Jul-2017 11:48        HiFive123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If that is the case, then the bidding war continues... ? FATABA      ( Date: 13-Jul-2017 11:34) Posted: There are situation where market trade above the offer if ppl believe the offer is low and someone might offer another price. ​ Recent CRTreit is one if not wrong.  Warsburg, Blackstone still can give higher offer I think .   TanSiBeiKu      ( Date: 13-Jul-2017 11:27) Posted: To add on, usually will be a few pips (around 5) lower than the official offer price. Eg, A final Offer price of $3.28 , market will open around $3.23.
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FATABA Supreme	13-Jul-2017 11:34        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	There are situation where market trade above the offer if ppl believe the offer is low and someone might offer another price. ​ Recent CRTreit is one if not wrong.  Warsburg, Blackstone still can give higher offer I think .   TanSiBeiKu      ( Date: 13-Jul-2017 11:27) Posted: To add on, usually will be a few pips (around 5) lower than the official offer price. Eg, A final Offer price of $3.28 , market will open around $3.23.  greentealeaf      ( Date: 13-Jul-2017 11:24) Posted: after the bid is announced, the market will auto reflect based on the bid price. you can either sell it in the open market or wait until the day they take back your share, most of the time it' s about the same - unless they raise the bid price a few days after the initially announced bid pric
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FrederickYap Member	13-Jul-2017 11:31        FrederickYap About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	Unusually high volume 2 days prior to announcement of trading halt. Could this be due to prior knowledge of the deal ?
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TanSiBeiKu Senior	13-Jul-2017 11:27        TanSiBeiKu About Contact  Quote this Post!
x 0   x 0  Alert Admin	To add on, usually will be a few pips (around 5) lower than the official offer price. Eg, A final Offer price of $3.28 , market will open around $3.23.  greentealeaf      ( Date: 13-Jul-2017 11:24) Posted: after the bid is announced, the market will auto reflect based on the bid price. you can either sell it in the open market or wait until the day they take back your share, most of the time it' s about the same - unless they raise the bid price a few days after the initially announced bid price Basaeal      ( Date: 13-Jul-2017 10:59) Posted: Sorry ah, newbie question here. What actually happens after the bid price is announced? Do we need to sell off the shares or something?
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greentealeaf Member	13-Jul-2017 11:24        greentealeaf About Contact  Quote this Post!
x 0   x 0  Alert Admin	after the bid is announced, the market will auto reflect based on the bid price. you can either sell it in the open market or wait until the day they take back your share, most of the time it' s about the same - unless they raise the bid price a few days after the initially announced bid price Basaeal      ( Date: 13-Jul-2017 10:59) Posted: Sorry ah, newbie question here. What actually happens after the bid price is announced? Do we need to sell off the shares or something?
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TanSiBeiKu Senior	13-Jul-2017 11:06        TanSiBeiKu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Likely to be a Scheme of arrangement to take it Private, similar to ARA. My guess around $3.20. Majority of the retail investors will be happy to cash out and GIC can continue to work on it' s expansion blueprint in Greater China with the Chinese consortium involvement.  Subsequently, IPO at higher valuation, definitely not in SGX.  joshlai86      ( Date: 13-Jul-2017 10:59) Posted: may not be that attractively priced. scheme of arrangement being discussed. GLP Is Said to Pick Chinese Bidder in Asia&rsquo s Biggest Buyout (1) 2017-07-13 02:35:43.987 GMT By Joyce Koh, Vinicy Chan and Jonathan Browning (Bloomberg) -- Global Logistic Properties Ltd., the $9.2 billion Singapore warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final deal talks, people with knowledge of the matter said. The investor group, fronted by GLP Chief Executive Officer Ming Mei, edged out a rival consortium led by Warburg Pincus, according to the people. The Chinese consortium, which includes private equity firms Hillhouse Capital Management  and  Hopu Investment Management, will now negotiate definitive terms for the transaction, the people said, asking not to be identified because the information is private.  Under the deal being contemplated, GLP would be taken private through a scheme of arrangement, the people said. The Chinese investor group will seek to obtain an undertaking from Singapore sovereign fund GIC Pte, which owns about 37 percent of the company, to vote in favor of the offer, according to the people.   HiFive123      ( Date: 13-Jul-2017 10:42) Posted: If the Chinese investor group, which include GLP CEO, Hopu, Hillhouse etc can beat the rival consortium led by Warburg Pincus. That bid should be attractively priced.
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joshlai86 Veteran	13-Jul-2017 10:59        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	may not be that attractively priced. scheme of arrangement being discussed. GLP Is Said to Pick Chinese Bidder in Asia&rsquo s Biggest Buyout (1) 2017-07-13 02:35:43.987 GMT By Joyce Koh, Vinicy Chan and Jonathan Browning (Bloomberg) -- Global Logistic Properties Ltd., the $9.2 billion Singapore warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final deal talks, people with knowledge of the matter said. The investor group, fronted by GLP Chief Executive Officer Ming Mei, edged out a rival consortium led by Warburg Pincus, according to the people. The Chinese consortium, which includes private equity firms Hillhouse Capital Management  and  Hopu Investment Management, will now negotiate definitive terms for the transaction, the people said, asking not to be identified because the information is private.  Under the deal being contemplated, GLP would be taken private through a scheme of arrangement, the people said. The Chinese investor group will seek to obtain an undertaking from Singapore sovereign fund GIC Pte, which owns about 37 percent of the company, to vote in favor of the offer, according to the people.   HiFive123      ( Date: 13-Jul-2017 10:42) Posted: If the Chinese investor group, which include GLP CEO, Hopu, Hillhouse etc can beat the rival consortium led by Warburg Pincus. That bid should be attractively priced.   joshlai86      ( Date: 13-Jul-2017 08:39) Posted: GLP Is Said to Pick Chinese Consortium for Final Deal Talks 2017-07-13 00:32:55.742 GMT By Joyce Koh, Vinicy Chan and Jonathan Browning (Bloomberg) -- Global Logistic Properties, the Singapore- based warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final deal negotiations, according to people with knowledge of the matter. * Chinese investor group, which includes GLP CEO Ming Mei as well as Hopu and Hillhouse, beat a rival consortium led by Warburg Pincus, the people said * People asked not to be identified because the information is private * Representatives for GLP and the Chinese consortium declined to comment * A representative for Warburg Pincus didn&rsquo t immediately respond to emailed queries
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Basaeal Member	13-Jul-2017 10:59        Basaeal About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry ah, newbie question here. What actually happens after the bid price is announced? Do we need to sell off the shares or something?
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lglg666 Supreme	13-Jul-2017 10:50        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For UE case.....perennial group has not submitted a binding bid while in GLP case, the Chinese consortium has submitted an official binding bid. The difference is a non binding bid ( which is still open for "nego" on details or an official binding bid ( which is already fixed ). So the next step expected from UE is an official binding offer while for GLP is whether the official offer is accepted by GIC or not. Only then will see any counter-offer or not. My 2 cents investshare      ( Date: 13-Jul-2017 10:13) Posted: But you look at UE announcement, it said nego with bidder. But GLP announcement, it said pending announcement.
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HiFive123 Member	13-Jul-2017 10:42        HiFive123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the Chinese investor group, which include GLP CEO, Hopu, Hillhouse etc can beat the rival consortium led by Warburg Pincus. That bid should be attractively priced.   joshlai86      ( Date: 13-Jul-2017 08:39) Posted: GLP Is Said to Pick Chinese Consortium for Final Deal Talks 2017-07-13 00:32:55.742 GMT By Joyce Koh, Vinicy Chan and Jonathan Browning (Bloomberg) -- Global Logistic Properties, the Singapore- based warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final deal negotiations, according to people with knowledge of the matter. * Chinese investor group, which includes GLP CEO Ming Mei as well as Hopu and Hillhouse, beat a rival consortium led by Warburg Pincus, the people said * People asked not to be identified because the information is private * Representatives for GLP and the Chinese consortium declined to comment * A representative for Warburg Pincus didn&rsquo t immediately respond to emailed queries
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investshare Supreme	13-Jul-2017 10:13        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	But you look at UE announcement, it said nego with bidder. But GLP announcement, it said pending announcement.
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FATABA Supreme	13-Jul-2017 10:09        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Wow...if offer price is good ( or great) ....then those who shorted are going to be very burnt. ​ Anyway.....I dont expect them to take all 3 days...at most one day. Looking forward. ( guess a lower offer price...so any thing above is great to me haha) Good luck all investor. :)) Huat for 2017 to GLP TMW1986      ( Date: 13-Jul-2017 10:01) Posted: If really good news come out, i wonder how the short sellers survive? I think past few days many shorts. Not sure intention of bring down the price but i think logically if there are firm bids, i think high chance will take place and just a matter of price. And some more is GLP, a good company and earning growings. Azure1984      ( Date: 13-Jul-2017 09:50) Posted: I agree with this.. if the Chinese want to make everyone win, and to increase their chance of getting GLP, $3.14 will be the benchmark. My guess.... maybe they will bid conservatively 10% over this... Offer price $3.45? Just my guess....
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twinpower Member	13-Jul-2017 10:08        twinpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	10% over the highest share price is not conservative leh. Dont think will be the case, but sure hope i am wrong. :) realistically, i feel should be around 15-20% premium over book value of around $2.6. Azure1984      ( Date: 13-Jul-2017 09:50) Posted: I agree with this.. if the Chinese want to make everyone win, and to increase their chance of getting GLP, $3.14 will be the benchmark. My guess.... maybe they will bid conservatively 10% over this... Offer price $3.45? Just my guess..... gopguppy      ( Date: 13-Jul-2017 09:33) Posted: The share price has hit its highest value of $3.14 in Nov 2013 I think. So to me this will be a benchmark
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