Latest Forum Topics /
ThaiBev
Last:0.425
-0.005
|
 Post Reply
|
|
ThaiBev
|
|||||
|
JessTrang
Veteran |
18-Jul-2024 11:14
|
||||
|
x 0
x 0 Alert Admin |
They are quite pissed with the current F& N share price, lol. Thai Beverage Public Company (ThaiBev), through its indirect wholly-owned subsidiary InterBev Investment (IBIL), has proposed a share swap with TCC Assets. The proposed share swap will involve no cash outlay from IBIL or ThaiBev. ThaiBev will transfer to TCC Assets all of its 28.78% shareholding in Frasers Property TQ5 7.5% (FPL). TCC Assets will transfer its 41.30% shareholding in Fraser and Neave (F& N) to ThaiBev. Upon completion, ThaiBev will hold 69.61% of F& N compared to 28.31% previously. TCC Assets will own 86.89% of FPL (up from 58.01%). The proposed share swap will be executed at a ratio of approximately 1.88 FPL shares for each F& N share. This ratio was determined based on a negotiated price of $1.89 per FPL share and $3.55 per F& N share. F& N& rsquo s valuation range took into account a sum-of-the-parts (SOTP) approach, which valued each of its component businesses by applying their respective peers& rsquo valuation multiples. This was also cross-checked against a standalone discounted cash flow valuation based on ThaiBev& rsquo s internal projections of the key businesses under F& N, interviews with management, and equity analyst and industry research reports. FPL& rsquo s valuation range took into account, inter alia, FPL& rsquo s net asset value and latest available financial statements as at March 31 and related public disclosures, the latest market valuations of its stakes in its listed real estate investment trusts, the value of its asset management platform based on precedent transactions, applying a 20-25% discount to its revalued net asset value (RNAV), which is in line with previous privatisations of SGX-listed real estate companies by controlling shareholders. ThaiBev has also received a ruling from the Securities Industry Council of Singapore that its subsidiary IBIL will not be required to make a general offer for F& N under Rule 14.1 of the Singapore Code on Take-overs and Mergers in connection with the proposed share swap. IBIL and the persons acting in concert with it would not be required to extend a downstream mandatory take-over offer to acquire all the remaining ordinary shares in Fraser & Neave Holdings Berhad not already owned by F& N pursuant to Note 3 of paragraph 4.01 of the Rules on Take-overs, Mergers and Compulsory Acquisitions of Malaysia. The directors of ThaiBev who are independent for the purposes of the Proposed Share Swap have engaged Deloitte & Touche Corporate Finance as the independent financial adviser (IFA) in relation to the proposed share swap. On July 18, ThaiBev closed at 49 cents, FPL at 80 cents, and F& N at $1.07. Thai Beverage Public Company (ThaiBev), through its indirect wholly-owned subsidiary InterBev Investment (IBIL), has proposed a share swap with TCC Assets. The proposed share swap will involve no cash outlay from IBIL or ThaiBev. ThaiBev will transfer to TCC Assets all of its 28.78% shareholding in Frasers Property TQ5 7.5% (FPL). TCC Assets will transfer its 41.30% shareholding in Fraser and Neave (F& N) to ThaiBev. Upon completion, ThaiBev will hold 69.61% of F& N compared to 28.31% previously. TCC Assets will own 86.89% of FPL (up from 58.01%). The proposed share swap will be executed at a ratio of approximately 1.88 FPL shares for each F& N share. This ratio was determined based on a negotiated price of $1.89 per FPL share and $3.55 per F& N share. F& N& rsquo s valuation range took into account a sum-of-the-parts (SOTP) approach, which valued each of its component businesses by applying their respective peers& rsquo valuation multiples. This was also cross-checked against a standalone discounted cash flow valuation based on ThaiBev& rsquo s internal projections of the key businesses under F& N, interviews with management, and equity analyst and industry research reports. FPL& rsquo s valuation range took into account, inter alia, FPL& rsquo s net asset value and latest available financial statements as at March 31 and related public disclosures, the latest market valuations of its stakes in its listed real estate investment trusts, the value of its asset management platform based on precedent transactions, applying a 20-25% discount to its revalued net asset value (RNAV), which is in line with previous privatisations of SGX-listed real estate companies by controlling shareholders. ThaiBev has also received a ruling from the Securities Industry Council of Singapore that its subsidiary IBIL will not be required to make a general offer for F& N under Rule 14.1 of the Singapore Code on Take-overs and Mergers in connection with the proposed share swap. IBIL and the persons acting in concert with it would not be required to extend a downstream mandatory take-over offer to acquire all the remaining ordinary shares in Fraser & Neave Holdings Berhad not already owned by F& N pursuant to Note 3 of paragraph 4.01 of the Rules on Take-overs, Mergers and Compulsory Acquisitions of Malaysia. The directors of ThaiBev who are independent for the purposes of the Proposed Share Swap have engaged Deloitte & Touche Corporate Finance as the independent financial adviser (IFA) in relation to the proposed share swap. On July 18, ThaiBev closed at 49 cents, FPL at 80 cents, and F& N at $1.07.
|
||||
| Useful To Me Not Useful To Me | |||||
|
JessTrang
Veteran |
18-Jul-2024 11:00
|
||||
|
x 0
x 0 Alert Admin |
Base on Thaibev past actions, high chance they will plan to delist F& N in the future.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
finjungle
Veteran |
18-Jul-2024 10:35
|
||||
|
x 0
x 0 Alert Admin |
Just moving the pieces on the chest board. NO CASH involved
|
||||
| Useful To Me Not Useful To Me | |||||
|
Trade8668
Member |
18-Jul-2024 10:23
|
||||
|
x 0
x 0 Alert Admin |
Look at the past few days share movement. You know it' s good news brewing.
|
||||
| Useful To Me Not Useful To Me | |||||
|
JessTrang
Veteran |
18-Jul-2024 09:13
|
||||
|
x 0
x 0 Alert Admin |
Is this the first step towards delisting one of the 2 companies since they have emphasised low valuations for both companies? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
SgYuan
Supreme |
18-Jul-2024 09:06
|
||||
|
x 0
x 0 Alert Admin |
SGX Penny Stocks (EW Charts by sgYuan):
thaibev week green wc dn 430 hit 425 red wabc wc dn 430 hit 425 finally uturn at 425 SgYuan: thaibev day wa up 61.8 500 hit dn 14.6 490 hold best next fib 520 wb dn 61.8 455 |
||||
| Useful To Me Not Useful To Me | |||||
|
torres09
Member |
18-Jul-2024 08:51
|
||||
|
x 0
x 0 Alert Admin |
Personally think this is a good move as it solidifies their core business which is in the beverage industry. Not well verse with valuations but based on the prospectus it seems a fair valuation share swap. Let' s see how investors respond to the news. |
||||
| Useful To Me Not Useful To Me | |||||
|
hokpin
Supreme |
18-Jul-2024 08:42
|
||||
|
x 0
x 0 Alert Admin |
Shares Swap! Good news or bad news? | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
spursfan
Supreme |
18-Jul-2024 08:14
|
||||
|
x 0
x 0 Alert Admin |
Asset Acquisitions and Disposals::Conditional Share Swap Agreement between InterBev Investment Limited and TCC Assets Limited
https://links.sgx.com/1.0.0/corporate-announcements/Z578482M9SYVPQ3F/810121_2.%20Press_Release_180724.pdf https://links.sgx.com/1.0.0/corporate-announcements/Z578482M9SYVPQ3F/810122_3.%20Investor_Presentation_180724.pdf |
||||
| Useful To Me Not Useful To Me | |||||
|
SDEXXXXD
Veteran |
18-Jul-2024 08:01
|
||||
|
x 0
x 0 Alert Admin |
Something is brewing 😆
|
||||
| Useful To Me Not Useful To Me | |||||
|
piscesmonkey
Supreme |
18-Jul-2024 07:55
|
||||
|
x 0
x 0 Alert Admin |
Wow seldom trading Halt really big news
|
||||
| Useful To Me Not Useful To Me | |||||
|
spursfan
Supreme |
18-Jul-2024 07:38
|
||||
|
x 0
x 0 Alert Admin |
Trading halt pending announcement | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
torres09
Member |
17-Jul-2024 09:25
|
||||
|
x 0
x 0 Alert Admin |
Hopefully today close at 0.50, will be good trajectory for the rest of the week! | ||||
| Useful To Me Not Useful To Me | |||||
|
Phantom1984
Member |
17-Jul-2024 08:52
|
||||
|
x 0
x 0 Alert Admin |
At this moment, if not much negative news. Should be hover around 500 to 510.
|
||||
| Useful To Me Not Useful To Me | |||||
|
sengkang
Master |
15-Jul-2024 00:01
|
||||
|
x 0
x 0 Alert Admin |
Must cross 50c resistance convincingly first | ||||
| Useful To Me Not Useful To Me | |||||
|
PiRPiR
Master |
14-Jul-2024 23:28
|
||||
|
x 0
x 0 Alert Admin |
https://agbrief.com/news/thailand/12/07/2024/thai-integrated-resorts-bangkoks-khlong-toei-to-rival-singapores-marina-bay/ | ||||
| Useful To Me Not Useful To Me | |||||
|
spore1
Supreme |
14-Jul-2024 19:23
|
||||
|
x 0
x 0 Alert Admin |
Need to take action. No point talking later she will show us 59 cents !
|
||||
| Useful To Me Not Useful To Me | |||||
|
alanchee
Senior |
14-Jul-2024 19:05
|
||||
|
x 0
x 0 Alert Admin |
About time to buy whilst hoping Mgmt will revisit IPO spinoff and govt approval of Casino.. The latter should come earlier as the govt is eager to boost the lagging economy | ||||
| Useful To Me Not Useful To Me | |||||
|
vivacious
Supreme |
11-Jul-2024 17:22
|
||||
|
x 0
x 0 Alert Admin |
hitting 5 series tmr will be nice | ||||
| Useful To Me Not Useful To Me | |||||
|
vivacious
Supreme |
11-Jul-2024 13:48
|
||||
|
x 0
x 0 Alert Admin |
burn the shortists! | ||||
| Useful To Me Not Useful To Me | |||||