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Certainly agree with you!
Unfortunately, we, the minority public shareholders always get the short end of the stick.
Then, we consider the SSH. They are holding majority shares. Why would they agree to sell?
Its like an en-bloc sale whereby majority will decide to proceed with the sale.
I have some small positions inside, so just wait for things to happen.
This is another example of minority shareholders not being on a level playing field.
Unfortunately, we, the minority public shareholders always get the short end of the stick.
Then, we consider the SSH. They are holding majority shares. Why would they agree to sell?
Its like an en-bloc sale whereby majority will decide to proceed with the sale.
I have some small positions inside, so just wait for things to happen.
This is another example of minority shareholders not being on a level playing field.
j.schooling95 ( Date: 18-Jan-2018 14:01) Posted:
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TIH is certainly worth significantly more than the Offer Price.
TIH owns approximately 6% of OUE Ltd. The market value of this stake in OUE is approximately SGD 110 million, but is marked at a significant discount to its market value on TIH' s balance sheet. Some reports mentioned that TIH may actually own up to 9% stake in OUE.
Another hidden gem is the contingent benefit from the Mitsui life litigation of SGD165 million which was announced recently. Even if the claim materializes at around SGD100 million, the share price of TIH could easily double.
There is no reason to sell cheaply at this offer price, especially with a highly reputable new controlling shareholder such as Lippo. I' m sure that the corporate governance under Lippo' s leadership will improve significantly.
TIH owns approximately 6% of OUE Ltd. The market value of this stake in OUE is approximately SGD 110 million, but is marked at a significant discount to its market value on TIH' s balance sheet. Some reports mentioned that TIH may actually own up to 9% stake in OUE.
Another hidden gem is the contingent benefit from the Mitsui life litigation of SGD165 million which was announced recently. Even if the claim materializes at around SGD100 million, the share price of TIH could easily double.
There is no reason to sell cheaply at this offer price, especially with a highly reputable new controlling shareholder such as Lippo. I' m sure that the corporate governance under Lippo' s leadership will improve significantly.
What will happen to our stock if we refuse to sell to offerer/ takeover ?
does it mean that the share price will increae towards near 57 cents?
Its finally here.....but unfortunately, more or less expected, a lousy deal.
57 Cents
http://infopub.sgx.com/FileOpen/Offer%20Announcement%2008Jan2018.ashx?App=Announcement& FileID=484551
Total 21 pages, if link doesnt work, check SGX announcement
57 Cents
http://infopub.sgx.com/FileOpen/Offer%20Announcement%2008Jan2018.ashx?App=Announcement& FileID=484551
Total 21 pages, if link doesnt work, check SGX announcement
Looks like I am the only guy talking here....lol....and I know why.
This counter is very thinly traded, but however, just wanna say it looks likely that the door is closing soon. There could be an impending trading halt and an important announcement coming up soon.
Those keen can check the history what all this is about.
As always, no guarantee that a deal will materialise. Still on speculation stage. Trade at your own risk, nobody is responsible for your own actions.
Good Luck
This counter is very thinly traded, but however, just wanna say it looks likely that the door is closing soon. There could be an impending trading halt and an important announcement coming up soon.
Those keen can check the history what all this is about.
As always, no guarantee that a deal will materialise. Still on speculation stage. Trade at your own risk, nobody is responsible for your own actions.
Good Luck
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementToday& F=67XC8T0MM1DASVB3& H=41c12cd18b88832e233e03c6c84e852a22395fbcdd754baba80c13308d08d789
Looks like a duplicate of the previous announcement. So, what' s new? Still a thinly traded counter. And a check with the SSH, I thought I saw Peter Lim' s daughter inside.
Will there be a imminent General Offer? According to listing rules, if the offeror owns more than 30% he' s obligated.
Last Done: 0.510
Volume: very low
TIH LIMITED
Company Registration Number: 199400941K
(Incorporated in the Republic of Singapore)
UPDATE ANNOUNCEMENT
The Board of Directors of TIH Limited (the &ldquo Company&rdquo ) refers to the Update Announcement made on
18 August 2017 (the &ldquo 18 August Announcement&rdquo ).
The Company had informed shareholders in the 18 August Announcement that the Company had
been made aware of ongoing discussions on a potential transaction involving a change of control of
the Company. The Company wishes to update shareholders that the discussions are still in progress
and there is no certainty or assurance whatsoever that these discussions will result in any transaction.
The Company will, in compliance with the applicable rules (including the Corporate Disclosure Policy
of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further
announcements as appropriate.
The Company wishes to advise its shareholders to refrain from taking any action in respect of their
shares of the Company which may be prejudicial to their interests, and to exercise caution when
dealing in the shares of the Company.
BY ORDER OF THE BOARD
For and on behalf of TIH Limited
Allen Wang
CEO
TIH Investment Management Pte. Ltd.
18 September 2017
Looks like a duplicate of the previous announcement. So, what' s new? Still a thinly traded counter. And a check with the SSH, I thought I saw Peter Lim' s daughter inside.
Will there be a imminent General Offer? According to listing rules, if the offeror owns more than 30% he' s obligated.
Last Done: 0.510
Volume: very low
TIH LIMITED
Company Registration Number: 199400941K
(Incorporated in the Republic of Singapore)
UPDATE ANNOUNCEMENT
The Board of Directors of TIH Limited (the &ldquo Company&rdquo ) refers to the Update Announcement made on
18 August 2017 (the &ldquo 18 August Announcement&rdquo ).
The Company had informed shareholders in the 18 August Announcement that the Company had
been made aware of ongoing discussions on a potential transaction involving a change of control of
the Company. The Company wishes to update shareholders that the discussions are still in progress
and there is no certainty or assurance whatsoever that these discussions will result in any transaction.
The Company will, in compliance with the applicable rules (including the Corporate Disclosure Policy
of the Listing Manual of the Singapore Exchange Securities Trading Limited), make further
announcements as appropriate.
The Company wishes to advise its shareholders to refrain from taking any action in respect of their
shares of the Company which may be prejudicial to their interests, and to exercise caution when
dealing in the shares of the Company.
BY ORDER OF THE BOARD
For and on behalf of TIH Limited
Allen Wang
CEO
TIH Investment Management Pte. Ltd.
18 September 2017
MichaelSchenker ( Date: 19-May-2017 18:56) Posted:
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The update is that there is no update
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementToday& F=VM3PCCNYT40XPX5D& H=cdb11e3b7c927301e810a5eec5f4c0af08a59450d8bf7979392c297d9e14707a
UPDATE ANNOUNCEMENT
The Board of Directors of TIH Limited (the &ldquo Company&rdquo ) refers to the Update
Announcement made on 21 April 2017 (the &ldquo 21 April Announcement&rdquo ).
The Company had informed shareholders in the 21 April Announcement that the Company
had been made aware of ongoing discussions on a potential transaction involving a change of
control of the Company. The Company wishes to update shareholders that the discussions are
still on-going and there is no certainty or assurance whatsoever that these discussions will
result in any transaction.
The Company will, in compliance with the applicable rules (including the Corporate
Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading
Limited), make further announcements as appropriate.
The Company wishes to advise its shareholders to refrain from taking any action in respect of
their shares of the Company which may be prejudicial to their interests, and to exercise
caution when dealing in the shares of the Company.
BY ORDER OF THE BOARD
For and on behalf of TIH Limited
Allen Wang
CEO
TIH Investment Management Pte. Ltd.
19 May 2017
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementToday& F=VM3PCCNYT40XPX5D& H=cdb11e3b7c927301e810a5eec5f4c0af08a59450d8bf7979392c297d9e14707a
UPDATE ANNOUNCEMENT
The Board of Directors of TIH Limited (the &ldquo Company&rdquo ) refers to the Update
Announcement made on 21 April 2017 (the &ldquo 21 April Announcement&rdquo ).
The Company had informed shareholders in the 21 April Announcement that the Company
had been made aware of ongoing discussions on a potential transaction involving a change of
control of the Company. The Company wishes to update shareholders that the discussions are
still on-going and there is no certainty or assurance whatsoever that these discussions will
result in any transaction.
The Company will, in compliance with the applicable rules (including the Corporate
Disclosure Policy of the Listing Manual of the Singapore Exchange Securities Trading
Limited), make further announcements as appropriate.
The Company wishes to advise its shareholders to refrain from taking any action in respect of
their shares of the Company which may be prejudicial to their interests, and to exercise
caution when dealing in the shares of the Company.
BY ORDER OF THE BOARD
For and on behalf of TIH Limited
Allen Wang
CEO
TIH Investment Management Pte. Ltd.
19 May 2017
Managed to grab some below 60 cents on a bad market day.
This counter is still very thinly traded.
But, well, I' m just betting on a takeover bid in case it heats up again.
(Not a call to buy, your money your own call)
This counter is now back to it' s thinly traded norm.
My mistake is queueing to buy. Reason is I was only successful in getting 2.1 lots done. That means I incurred brokerage fees that is not really justifiable due to minimum sum brokerage fees chargeable.
Lesson learnt, those who thought of accumulating thinly-traded counters should just buy off the market rather than joining the buy queue.
We are always smarter on hindsight.
Yeah, quite true....wait for it to soften further to below 60 cents.
And if you are able to guess the takeover price, probably you' ll make money.
But if we set the buy TP too low, we may not get it.
The last 6 months trading chart may help us decide.
Good luck to us!
redtree ( Date: 24-Mar-2017 12:43) Posted:
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tis kind of news, guess i wait 50cents plus then buy
So, the price has been suppressed and is now down to 61 cents.
Can buy or not? Reaching my buy TP soon.
haha........seems like this counter not many people interested. Unless it runs again.......!
MichaelSchenker ( Date: 22-Mar-2017 20:43) Posted:
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TIH discloses possible change of control, but says price will be lower
http://www.businesstimes.com.sg/companies-markets/tih-discloses-possible-change-of-control-but-says-price-will-be-lower
by
ANOTHER restructuring might be on the way for listed private equity fund TIH Limited, which said on Wednesday morning that there are discussions that might lead to a change of control at the company.
However, the price is likely to be lower than its last traded price.
The structure of the transaction if entered into will be subject to regulatory approval, which is in the process of being applied for.
" The price at which such transaction, if entered into, will likely be lower than the closing price per share in the company of S$0.695 a share on March 21, 2017," TIH said.
TIH, formerly Transpac Industrial Holdings, was the first investment company to list in Singapore in 1994, at S$5 a share. With its investment manager backed by DBS Bank and NatSteel, it was meant as an investment vehicle for individuals looking to invest a part of their pension plans in private equity.
In 2004, Hong Kong-based hedge fund Argyle Street Management made a bid for the firm. Argyle founding shareholder and chief investment officer Kin Chan is TIH chairman.
In 2014, the firm restructured itself again and completed a transaction with state investor Temasek. It acquired from Temasek stakes in manufacturing services firm CEI Contract Manufacturing and Japan life insurer Mitsui Life Insurance. Temasek also invested in TIH manager TIH Investment Management.
On Tuesday, its share price shot up 16.8 per cent or 10 cents to S$0.695, drawing a Singapore Exchange query.
In reply, it disclosed the change of control discussions and said there is no assurance any transaction will result. It also highlighted how its share price is linked to that of property developer OUE Limited, which it owns a stake in and has performed well recently.
MichaelSchenker ( Date: 22-Mar-2017 12:12) Posted:
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Why no trading halt? Nothing firm yet, I Guess.
MichaelSchenker ( Date: 22-Mar-2017 12:12) Posted:
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Today' s Business Times..
Imminent change in control of the company, however price will be lower than it' s last traded price of 0.695
Whatever that means, up to individual' s interpretation.
Looks like more activities to follow soon
redtree ( Date: 22-Mar-2017 09:48) Posted:
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Wow,, shot up somemore!
Wander is it gona give big dividends again...
What type of counter is this?
Invited sgx query about abnormal trading activities.
Not chasing, just curious. Any Rumours heard, anyone?
This is another NEW one for you .........
TIH has signed a MOU with non-performing loans servicing specialist, Sheng Yuan Investment Management and a leading Chinese online finance marketplace, to establish a peer-to-peer online platform to provide financing secured by high quality collateral (including properties) in China.
Indeed TIH mgt team is very very active seeking new opportunities.....
Cheers.
whatsup1976 ( Date: 15-Nov-2014 23:50) Posted:
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