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So high volume playing contra?
aragosta ( Date: 17-Nov-2022 09:32) Posted:
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Chinese rubber producer to acquire 36% of Halcyon Agri at US$0.315 per share
SHANGHAI Stock Exchange-listed China Hainan Rubber Industry Group is acquiring 574.2 million shares in Halcyon Agri Corporation : 5VJ 0% at US$0.315 apiece, for a total cash consideration of US$180.9 million.
The Shanghai stock exchange-listed company made the announcement on Wednesday (Nov 16).
This represents a 36 per cent stake in Halcyon Agri, triggering a mandatory conditional cash offer for all the shares in the Singapore-listed company as the acquisition will result in Hainan Rubber owning more than 30 per cent of Halcyon Agri.
The offer price of US$0.315 is 50.3 per cent above the last transacted price of S$0.29 for Halcyon Agri on Nov 11 &ndash the last full trading day before the announcement.
It is also 73.3 per cent higher than the volume-weighted average price (VWAP) of Halcyon Agri for the 1-month period up to Nov 11, and at a 78 per cent premium to the three-month VWAP.
Hainan Rubber will make a formal offer after its purchase of the 36 per cent stake in Halcyon Agri from Sinochem International is completed and certain pre-conditions are met.
Halcyon Agri has requested to lift its trading halt on Nov 16, after the announcement was made.
agreed with your explaination... but this condition provided the floating share hold by public is not agreed and holding large portion.
or existing share holder disagreed and keep buying the share from market to make the price increase.
with current number of share floating at market and large portion hold by sinochem can be easily achieve 90%.
in the end, the take over is successful the max price is 0.315 USD.
or existing share holder disagreed and keep buying the share from market to make the price increase.
with current number of share floating at market and large portion hold by sinochem can be easily achieve 90%.
in the end, the take over is successful the max price is 0.315 USD.
Ya.... is really good news? why pre-conditional?? balance 35% floating.. very weird
It is just pre-conditional, it wont touch 0.43 tomorrow.
smallsgshare ( Date: 16-Nov-2022 21:35) Posted:
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S$0.436
smallsgshare ( Date: 16-Nov-2022 21:31) Posted:
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Yeah, good news. So, it should be about S$0.43. Cheers
US$0.315 pre conditional offer
Bro, any idea why halt so long ?
aragosta ( Date: 16-Nov-2022 12:43) Posted:
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Halt for long, oh
Any rumours?
Delist 1dollar
come come delist 50cents
Good news coming?
Trading halt pending material announcement.
https://links.sgx.com/FileOpen/_20221107%20eFORM3_Sinochem.ashx?App=Announcement& FileID=737779
There is another stake increase annoucement made last night. It is a new additional stake increase by Sinochem or is it the earlier one in Oct 2022?
There is another stake increase annoucement made last night. It is a new additional stake increase by Sinochem or is it the earlier one in Oct 2022?
SmallSmall ( Date: 07-Oct-2022 10:48) Posted:
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Touching one year high!
smallsgshare ( Date: 25-Oct-2022 11:34) Posted:
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i aiming 40 first since sinochem price is USD 0.315.
aragosta ( Date: 07-Nov-2022 15:10) Posted:
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breaking out under the radar
Very strong today! Huat!
| smallsgshare ( Date: 09-Oct-2022 15:30) Posted: |