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Nobody focused on the part of the MTN event which says that the company does not have enough funds to meet their obligations. Someone has to come up with the extra redemption funds. Oxley? Riady family? Or some other white knight? Drama has not ended.
Quarz portfolio mgr Havard Chi, whose firm started accumulating IHC shares in recent mths, said:
" OUE' s offer - fair value to all shareholders, they has and intend to tender our (their) shares.
TechnicalTrader ( Date: 17-Feb-2017 23:01) Posted:
don' t think so hard... out of our control.... wait see how price move
teeth53 ( Date: 17-Feb-2017 22:56) Posted:
Mandatory offered at $0.106c n unless they says so (eg: like final offer) if they don't, then they hust leave it as it is... n if they does @$0.107c. They will have to pick up the rest @$0.107c to go private (90%).
Wondering was IHC going private?, for HMC. Think they want to retain listing statue.
For Auric Pacific case. They said is the final offered |
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So. Now Fan rich with cash. No longer have to report, as his shr holding is less then 5%.
How he play with his remaining shr (up)? n or through proxy will not be know to us.
teeth53 ( Date: 18-Feb-2017 08:02) Posted:
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20170218:nSN72pcCd
On 17 Feb 2017, Mr Fan submitted a Form 3 notifying the Coy.
His interest in the Coy had fallen from 13.4% to 4.67%. To-date, the Coy has only received confirmation from JHS that his interest in the Coy has not changed. The Coy has not received any similar confirmation from AAK, nor any notice of change in interest in the Coy from AAK or JHS.
no 16 Feb 2017, the offeror of the mandatory unconditional cash offer, Treasure International Holdings Pte. Ltd together with parties acting in concert with it will hold an aggregate of 955,674,037 Shares, representing approximately 57.60% of all the Shares in the capital of the Coy upon completion of the Offeror&rsquo s purchase of an aggregate of 593,470,029 Shares from Ching, Low, Low Bee Lan Audrey and Tee Wee Sien, representing 35.77%.
In light of the abovementioned circumstances, the Coy wishes to announce that it is of the view that a change in shareholding event under the MTNs has occurred, and noteholders are entitled at their option to redeem their MTNs in the manner provided for under the Trust Deed.
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Raidy' s n family try to buy cheap, holding abt or less < 60%.
Mkt forces saying is cheap. n it has some way to go B4 hitting 90%.
Wind22i ( Date: 18-Feb-2017 00:02) Posted:
Stephen riady trying to buy cheaply...
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Yes. U were right. Just B4 the morning halt. Mkt players were placing their bet. Bid / Ask volume...indicating
Bid vol - 2,825,000 mil shr,
[email protected] verse
[email protected].
Ask Vol were at 17,942,000 mil shr
Lepin888 ( Date: 19-Feb-2017 07:40) Posted:
Insiders will push this up above 10.6cts to keep it listed since land bank has potential albeit more funds required.
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In Auric Pacific case. Raidy' s n family wish is willing only, no more n no less @$1.650c final offer, announced in SGX Exch.
A chk on Auric Pacific, oso target to go private by Riady' s. Another 165,200 shr were pick up from open mkt.
Yesterday were 80.04%. Friday added, +0.13% to reached 80.17% (no sellers is willing to sell)
I think differently. Nothing above 10.7cts or perhaps even lower so that people will sell to them. Indonesian is rich enough to fund their project without external sources. Push higher it will be 1-2 yrs later when they unlock profits.
Insiders will push this up above 10.6cts to keep it listed since land bank has potential albeit more funds required.
when big fishes meet bigger big fish, they have no choice but to give way. lol
teeth53 ( Date: 17-Feb-2017 23:41) Posted:
http://www.straitstimes.com/business/oue-to-buy-oxley-execs-ihc-stakes
OUE launched a cash offer for all remaining IHC stock that it does not own, offering 10.6 cents.
OUE said that it intends to keep IHC listed but may take it private if it gets control of more than 90%.
In Jan, it scooped up a 12.5% stake, on same day Oxley led the ouster of IHC' s old board .
On Feb 8, OUE raised its stake to 21.83 per cent.
Oxley' s Mr Low, who accumulated 118.1 million shares in 2015 - some for as low as 8.5 cents - and pushed hardest for the ouster, told The Straits Times that he was pleased with OUE' s offer, though it had taken him by surprise.
Mr Low said: " We fought hard to make sure that all the shareholders would benefit from this exercise. OUE has the expertise to run a hospital, and it can easily turn IHC around, compared with us. IHC will be in good hands."
Oxley earlier proposed extending a $50 million loan to IHC, convertible into shares, but that deal is likely to be called off with OUE taking the reins.
Catalist-listed IHC owns 12 nursing homes in Japan and two hospitals in China, and is developing an integrated medical centre in Malaysia.
OUE executive chairman Stephen Riady said: " This acquisition allows us to expand into the new sector of healthcare real estate, which is a strategic fit to our existing asset portfolio."
Quarz portfolio mgr Havard Chi, whose firm started accumulating IHC shares in recent mths, said: " We believe OUE' s offer provides fair value to all shareholders in short to mid term, and intend to tender our shares.
" IHC probably has more upside, but it could take more than one to two years to unlock the value."
teeth53 ( Date: 17-Feb-2017 23:31) Posted:
| Yup...is in ST paper. Dated Feb 17, 2017. Today...Friday under BUSINESS. PAGE C5 |
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Is it Voluntary suspension again?
teeth53 ( Date: 18-Feb-2017 08:02) Posted:
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20170218:nSN72pcCd
On 17 Feb 2017, Mr Fan submitted a Form 3 notifying the Coy.
His interest in the Coy had fallen from 13.4% to 4.67%. To-date, the Coy has only received confirmation from JHS that his interest in the Coy has not changed. The Coy has not received any similar confirmation from AAK, nor any notice of change in interest in the Coy from AAK or JHS.
no 16 Feb 2017, the offeror of the mandatory unconditional cash offer, Treasure International Holdings Pte. Ltd together with parties acting in concert with it will hold an aggregate of 955,674,037 Shares, representing approximately 57.60% of all the Shares in the capital of the Coy upon completion of the Offeror&rsquo s purchase of an aggregate of 593,470,029 Shares from Ching, Low, Low Bee Lan Audrey and Tee Wee Sien, representing 35.77%.
In light of the abovementioned circumstances, the Coy wishes to announce that it is of the view that a change in shareholding event under the MTNs has occurred, and noteholders are entitled at their option to redeem their MTNs in the manner provided for under the Trust Deed.
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http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20170218:nSN72pcCd
On 17 Feb 2017, Mr Fan submitted a Form 3 notifying the Coy.
His interest in the Coy had fallen from 13.4% to 4.67%. To-date, the Coy has only received confirmation from JHS that his interest in the Coy has not changed. The Coy has not received any similar confirmation from AAK, nor any notice of change in interest in the Coy from AAK or JHS.
no 16 Feb 2017, the offeror of the mandatory unconditional cash offer, Treasure International Holdings Pte. Ltd together with parties acting in concert with it will hold an aggregate of 955,674,037 Shares, representing approximately 57.60% of all the Shares in the capital of the Coy upon completion of the Offeror&rsquo s purchase of an aggregate of 593,470,029 Shares from Ching, Low, Low Bee Lan Audrey and Tee Wee Sien, representing 35.77%.
In light of the abovementioned circumstances, the Coy wishes to announce that it is of the view that a change in shareholding event under the MTNs has occurred, and noteholders are entitled at their option to redeem their MTNs in the manner provided for under the Trust Deed.
Stephen riady trying to buy cheaply...
http://www.straitstimes.com/business/oue-to-buy-oxley-execs-ihc-stakes
OUE launched a cash offer for all remaining IHC stock that it does not own, offering 10.6 cents.
OUE said that it intends to keep IHC listed but may take it private if it gets control of more than 90%.
In Jan, it scooped up a 12.5% stake, on same day Oxley led the ouster of IHC' s old board .
On Feb 8, OUE raised its stake to 21.83 per cent.
Oxley' s Mr Low, who accumulated 118.1 million shares in 2015 - some for as low as 8.5 cents - and pushed hardest for the ouster, told The Straits Times that he was pleased with OUE' s offer, though it had taken him by surprise.
Mr Low said: " We fought hard to make sure that all the shareholders would benefit from this exercise. OUE has the expertise to run a hospital, and it can easily turn IHC around, compared with us. IHC will be in good hands."
Oxley earlier proposed extending a $50 million loan to IHC, convertible into shares, but that deal is likely to be called off with OUE taking the reins.
Catalist-listed IHC owns 12 nursing homes in Japan and two hospitals in China, and is developing an integrated medical centre in Malaysia.
OUE executive chairman Stephen Riady said: " This acquisition allows us to expand into the new sector of healthcare real estate, which is a strategic fit to our existing asset portfolio."
Quarz portfolio mgr Havard Chi, whose firm started accumulating IHC shares in recent mths, said: " We believe OUE' s offer provides fair value to all shareholders in short to mid term, and intend to tender our shares.
" IHC probably has more upside, but it could take more than one to two years to unlock the value."
teeth53 ( Date: 17-Feb-2017 23:31) Posted:
| Yup...is in ST paper. Dated Feb 17, 2017. Today...Friday under BUSINESS. PAGE C5 |
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Yup...is in ST paper. Dated Feb 17, 2017. Today...Friday under BUSINESS. PAGE C5
teeth53 ( Date: 17-Feb-2017 23:22) Posted:
Read from news in paper. Think is on the last few lines, a day or two, after news appear on paper on Oxley's sold their 35.77% stake @$0.106c to Raidy's.
happyharvest ( Date: 17-Feb-2017 23:02) Posted:
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Read from news in paper. Think is on the last few lines, a day or two, after news appear on paper on Oxley's sold their 35.77% stake @$0.106c to Raidy's.
happyharvest ( Date: 17-Feb-2017 23:02) Posted:
do you have the link?
teeth53 ( Date: 17-Feb-2017 23:00) Posted:
| By the way. Quarz CapItal Mgt. I read that they want to tender out their services. Their stakes in IHC. |
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Is there a clause inserted (subject to sgx exch approval) to say they don't have to buy up the rest of the remaining share?. In case o, if this n is that...
teeth53 ( Date: 17-Feb-2017 22:56) Posted:
Mandatory offered at $0.106c n unless they says so (eg: like final offer) if they don't, then they hust leave it as it is... n if they does @$0.107c. They will have to pick up the rest @$0.107c to go private (90%).
Wondering was IHC going private?, for HMC. Think they want to retain listing statue.
For Auric Pacific case. They said is the final offered.
TechnicalTrader ( Date: 17-Feb-2017 21:49) Posted:
isn' t it that if they buy from one fellow .107, they must buy all at .107?
Just some investors expecting a bigger offer..
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do you have the link?
teeth53 ( Date: 17-Feb-2017 23:00) Posted:
| By the way. Quarz CapItal Mgt. I read that they want to tender out their services. Their stakes in IHC. |
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don' t think so hard... out of our control.... wait see how price move
teeth53 ( Date: 17-Feb-2017 22:56) Posted:
Mandatory offered at $0.106c n unless they says so (eg: like final offer) if they don't, then they hust leave it as it is... n if they does @$0.107c. They will have to pick up the rest @$0.107c to go private (90%).
Wondering was IHC going private?, for HMC. Think they want to retain listing statue.
For Auric Pacific case. They said is the final offered.
TechnicalTrader ( Date: 17-Feb-2017 21:49) Posted:
isn' t it that if they buy from one fellow .107, they must buy all at .107?
Just some investors expecting a bigger offer..
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By the way. Quarz CapItal Mgt. I read that they want to tender out their services. Their stakes in IHC.
