Latest Forum Topics / Chip Eng Seng |
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Chip Eng Seng Corp
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ysh2006
Supreme |
25-Mar-2023 17:18
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Check whether your shares still with CDP ?...if CDP send letter saying your shares debited from it account than the money is in your bank account lah...
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blurrsotong
Member |
25-Mar-2023 16:47
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Hi...for those who were holding out and didn' t accept offer, it will be mandatory buy back... when would this be and when can we expect the money? Any information must welcomed as I cannot find information on their website. Thanks |
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bigeater
Member |
15-Feb-2023 08:40
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Yup, sad case.  Just go and accept the offer before the closing date, and close the chapter. 
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ysh2006
Supreme |
14-Feb-2023 22:03
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Finally retailers lost the figh, the company won and game over for retailers...
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spursfan
Elite |
14-Feb-2023 20:42
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Over 90%. Offeror wil do compulsory acquisition of remaining shares. Trading will be suspended after offer closed. -- https://links.sgx.com/1.0.0/corporate-announcements/BK527KJ7F6SPPHE5/746636_Dealings_Disclosure_and_Rights_of_Compulsory_Acquisition.pdf | ||||
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bigeater
Member |
11-Feb-2023 00:56
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If so just let them go through the process of getting waiver.  SGX quried them 2 times on their valuation etc.  They may not get the waiver so easily.    | ||||
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ysh2006
Supreme |
10-Feb-2023 21:38
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They can ask Sgx wavers since only less than 1% ...and force buy the rest at 75c...This type of thing had happened before ..
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ahberngh
Master |
10-Feb-2023 20:13
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Yesterday, 89.17. Today, 89.26%, up 0.09% only. At this rate,with 4 more days to go, they will not succeed. Hold tight to your shares, don' t let them rip us off. CES is at least a $1 share, if not more. Those short term players have already sold, the rest knows the value of CES, I hope. For your info, I have been holding CES for some time. My cost price, after accounting for dividends, is less than 60c.
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ahberngh
Master |
09-Feb-2023 20:53
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Two days ago, they had 89.1%. Yesterday, they had 89.15% Today, they have 89.17%. Cotninuing like this, they will fail. Stay strong. Today, trying to use fear tactics, reiterate that they will not increase the offer. |
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ysh2006
Supreme |
09-Feb-2023 19:54
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Sgx might agree to CES request to delist the shares and pay us the remaining share portion.
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ysh2006
Supreme |
09-Feb-2023 05:32
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With less than 1% to 90 Sgx may allow company do a force buy the rest of the shares if they cannot get 90% by 16 Feb (I think only) and delisted.
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bigeater
Member |
08-Feb-2023 23:06
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I agree with you.  Don' t fall into the trap.  Even though they announced loss for second half of the year 2022 ( 2H22), they said the loss is actually smaller than the previous year' s 2nd half (2H21).  Their 1H22 is much better than 1H21, so with a smaller loss in 2H22, Full Year 2022 is still profitable and better than Full Year 2011.  Hope they don t get 90% and remain listed and contimue declare good dividend since they are the SOLE major shareholder.  | ||||
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ahberngh
Master |
08-Feb-2023 21:45
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Company announce profit guidance, expecting a loss. Probably hope this could promote their cause. If things are really bad, why would they risk their money, let shareholders share the pain? I am not convince, I srtill think CES is good value. Holding tight to my shares unless forced to sell. Today announced 89.15%, up 0.05%. Those who want to sell already sold. Hope the takeover will not be successful. |
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bigeater
Member |
08-Feb-2023 20:59
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If not sucessful, the company will continue to be listed...force buy only when they reach 90%
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ysh2006
Supreme |
08-Feb-2023 07:40
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If not successfully will our shares still trading or suspended?...will Sgx allow it to force buy our shares too ?
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ahberngh
Master |
07-Feb-2023 21:44
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Today' s announcement, holding 89.1%, only up 0.1%. I hope in the time available, up to Feb 16, the remainder retail holders ( I am one) deny them the 90%, So far most low ball offers had been successful. We should show that we are no pushovers, giving a mesage for future low ball offers. Anyway, wait and see. |
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bigeater
Member |
06-Feb-2023 22:06
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No worries.  it is 89% today....1% more to go.  I am still holding tight.  
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ahberngh
Master |
05-Feb-2023 19:54
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I stand corrected. They received 83.09% acceptances but added to what they already held,  they controlled 88.88% of the total number of shres. This was stated at the end of the announcement which I initially did not see. My apologies. They are close but I still hope they will not be successful.
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ahberngh
Master |
05-Feb-2023 19:41
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88.88% is misleading. I just checked the company announcement in SGX for 3/2/23. They said " As at 6.00 pm February 3, the offeror received acceptances of 652,554,905 shares, amounting to 83.09% of the total number of shares." At this rate, they may not be successful even after the second extension to Feb 16. The authorities should not allow them to extend fuirther !!
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bigeater
Member |
04-Feb-2023 20:57
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88.88%!  Not too far from 90%, with this extension to 16 Feb, most likely able to get if those faithful ones give up in the end.
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