HPL    Last:4.6   -

HPL

Someone listed 939,300 shares to sell at 3.90 Waiting for OBS to scoop? If OBS take, think done deal liao for GO.

 

buying interest in back again

 

u r right. my bad. 
 

ahberngh      ( Date: 09-Oct-2019 11:17) Posted: Liat Tower does not belong to them but to Bonvest. lifeisgood      ( Date: 09-Oct-2019 11:09) Posted: It would be a multi billion project should HPL and WL jointly redevelop Wheelock Place, Lait Tower, Forum, Hilton, Four Seasons and the surrounding space.  The only thing sticking in between is the Far East Shopping Center and the (URA) Anguilar car park. I heard HPL has proposed to the govt to do something with the car park, like beautifying it and then build something over and underneath it. And also may enbloc the Far East Shopping Center (my own speculation).

 

Adding buzz to Orchard Road: Grange Road car park to be closed, transformed into event space
Read more at https://www.todayonline.com/singapore/adding-buzz-orchard-road-grange-road-car-park-be-closed-transformed-event-space

The Grange Road car park behind 313@Somerset mall is to be transformed into a permanent event space as part of efforts to add buzz and vibrancy to the Orchard Road pedestrian experience and attract more visitors, three government bodies announced on Friday (Oct 4).

The car park &mdash which has already held a series of one-off events such as a street market &mdash will be closed from Feb 29, 2020 as the authorities' moves to pedestrianise Singapore&rsquo s premier shopping strip gather pace.

The authorities will launch a &ldquo price and quality&rdquo tender for proposals for the car park&rsquo s transformation later this month, the statement said. The 4,482 sq m carpark is about half the size of a football field with 118 car spaces and 66 motorcycle lots.

Under the planned transformation, the new-look site will host flea markets, pop-up attractions, local acts and food trucks. It will be open to the public even on non-event days.

ADVERTISEMENT

As a centrepiece in the Somerset area, the car park has hosted six events to date, including the Flashbang street market in December 2017 and will be one of the venues for this year&rsquo s Christmas village.

In the media release issued on Friday, the Urban Redevelopment Authority, the Singapore Land Authority and the Singapore Tourism Board said they will be appointing an operator to transform the car park into a &ldquo dedicated and dynamic event space with complementary commercial offerings&rdquo .
Read more at https://www.todayonline.com/singapore/adding-buzz-orchard-road-grange-road-car-park-be-closed-transformed-event-space

blitz99      ( Date: 09-Oct-2019 11:19) Posted: grange road car park has been on trial for various pop-up events to boost orchard road attrativeness.  so far, i don' t recall anything was mentioned about the anguilla car park.  anguilla car park is a much bigger site than grange road car park, and i hope the plans for this space will be even more exciting!

 

grange road car park has been on trial for various pop-up events to boost orchard road attrativeness. 

so far, i don' t recall anything was mentioned about the anguilla car park.  anguilla car park is a much bigger site than grange road car park, and i hope the plans for this space will be even more exciting!

 

Liat Tower does not belong to them but to Bonvest.

lifeisgood      ( Date: 09-Oct-2019 11:09) Posted: It would be a multi billion project should HPL and WL jointly redevelop Wheelock Place, Lait Tower, Forum, Hilton, Four Seasons and the surrounding space.  The only thing sticking in between is the Far East Shopping Center and the (URA) Anguilar car park. I heard HPL has proposed to the govt to do something with the car park, like beautifying it and then build something over and underneath it. And also may enbloc the Far East Shopping Center (my own speculation).

 

It would be a multi billion project should HPL and WL jointly redevelop Wheelock Place, Lait Tower, Forum, Hilton, Four Seasons and the surrounding space. 

The only thing sticking in between is the Far East Shopping Center and the (URA) Anguilar car park. I heard HPL has proposed to the govt to do something with the car park, like beautifying it and then build something over and underneath it. And also may enbloc the Far East Shopping Center (my own speculation).

 

Share was $0.48 in 1988.

Long-term investors are rewarded through dividends and price appreciation.

 

This is not for contra or speculate. Buy q at lower price

 

The initial offer price was a measly $3.50. Later they upped it to $4.05.
If you look at the industries under which 68Holdings Pte Ltd was lised : " Gaming, Lodging and Restaurants" .
I think, and some people indeed posed, that they might redevelop their Orchard Road properties into some kind of Casino
Resort.
If so, I think HPL share price would shoot through the roof.
But 68 Holdings is now dissolved (as someone said below) and I think gaming is off as the moratorium on the the number
of casinos has been extend for Marina Bay Sands and RWS (my understanding).

lifeisgood      ( Date: 09-Oct-2019 09:50) Posted: When OBS form the consortium together with WL in 2014 to make an offer at $4.05, their intention was not to delist the company. It was explicity mentioned in the offer document. So probably they also know that $4.05 wont be good enough to entice all shareholders to accept. Therefore, a privatisation offer with the intention to delist, should it come, should be higher than the previous $4.05.

 

When OBS form the consortium together with WL in 2014 to make an offer at $4.05, their intention was not to delist the company. It was explicity mentioned in the offer document. So probably they also know that $4.05 wont be good enough to entice all shareholders to accept.

Therefore, a privatisation offer with the intention to delist, should it come, should be higher than the previous $4.05.

 

 

The new announcemnt by Lawrence Wong about boosting the plot ratios in the CBD and prime Orchard area, to entice building owners (especially those old ones) to redevelop to include a bigger component of residential units, should benefit HPL greatly, as it has many assets both in West Orchard as well as other parts of Orchard rd. 

blitz99      ( Date: 09-Oct-2019 09:08) Posted: yes this is what i am hoping and waiting for too. but its so many years and still waiting.... lifeisgood      ( Date: 17-Apr-2019 14:49) Posted: If you want to make big money on HPL, you dont want to hope for an offer by the bosses. You want them to play the Orchard Rd theme. This company has so many FREEHOLD properties in the Orchard rd and other prime locations. I want to hold this stock for a very very long time. I cant even imagine what the RBAV would be when they decide to redevelop the Orchard Rd properties.

 

you are right. but last year 68 holdings returned the hpl shares to their respective holders. wheelock reprensentative also step down from HPL board.

" Nassim Developments Pte. Ltd. (" Nassim" ) held 40% of the equity interest in 68 Holdings Pte. Ltd. (" 68H" ) and was therefore deemed to be interested in the shares in the Company held by 68H by virtue of Section 4 of the Securities and Futures Act. 68H has transferred 102,948,000 shares in the Company to Nassim in exchange for 68H discharging all amounts outstanding under a shareholder loan owing to Nassim. 68H has effected a selective capital reduction pursuant to which 68H distributed 14,399,282 shares in the Company to Nassim in exchange for the cancellation of all the shares Nassim held in 68H. As a result of the abovementioned two transactions, Nassim no longer holds any shares in 68H and is therefore no longer deemed to be interested in the shares of the Company held by 68H."

https://links.sgx.com/FileOpen/_FORM3_Nassim_Final.ashx?App=Announcement& FileID=538859

ahberngh      ( Date: 08-Oct-2019 14:53) Posted: Let me share something. If i recall correctly, 68 Holdings was expressly set up as a joint venture in 2014  between OBS and Wheelock to privatise and/or redevelop HPL Orchard Road properties. This was supposed to happen within 5 years after whcih the JV will lapse and be dissolved. Well, 2019 is 5 years from 2014. However, I hasten to add that my memory is hazy on this and I may be wrong. Maybe someone in the know can confirm or deny. superstartup      ( Date: 08-Oct-2019 14:43) Posted: Sorry. Not able to trace further for the 27 Sep married deals from available annual reports. But If I find out something, will share over here.

 

yes this is what i am hoping and waiting for too.

but its so many years and still waiting....

lifeisgood      ( Date: 17-Apr-2019 14:49) Posted: If you want to make big money on HPL, you dont want to hope for an offer by the bosses. You want them to play the Orchard Rd theme. This company has so many FREEHOLD properties in the Orchard rd and other prime locations. I want to hold this stock for a very very long time. I cant even imagine what the RBAV would be when they decide to redevelop the Orchard Rd properties.    AttasBoss      ( Date: 16-Apr-2019 20:45) Posted: Illiquid is the factual, only hope there is a good offe

 

AttasBoss      ( Date: 12-Apr-2019 19:12) Posted: I put all my money in HPL already, hope this bet worth the bet!

 

lifeisgood, good to see you still posting after so many years! 
i am still holding hpl and havent been posting as things have been quiet.

but its nice to see you and many others posting about hpl!

lifeisgood      ( Date: 22-Jul-2014 22:34) Posted: After 68 Holdings and Peter Fu lock up over 85%   shares of HPL, it is so much more easier to push up the share price. So. I guess that is the real reason why they do the offer. blitz99      ( Date: 22-Jul-2014 22:15) Posted: closed 440

 

Let me guess 1st offer $4.80 then follow by $5.05

AttasBoss      ( Date: 01-Oct-2019 15:39) Posted: when OBS made an offer in 2014, the offered price was $4.05 when the NAV was $3.15 the latest NAV now is $3.73, so now offer price min should be $4.80? ahberngh      ( Date: 01-Oct-2019 14:01) Posted: I think HPL' s RNAV is more than $7. I would not be happy with anything less than $5

 

Haha yesterday I don't feel like take over but suddenly tomorrow I feel so ambitious to take over this HPL

SmallSmall      ( Date: 08-Oct-2019 21:26) Posted: Don?t think anything will come out in the very near term as the board of directors have already said they are not aware of any possible news that may cause the price movements. And the board includes OBS and David Fu both of who have vested interests.

 

Don?t think anything will come out in the very near term as the board of directors have already said they are not aware of any possible news that may cause the price movements. And the board includes OBS and David Fu both of who have vested interests.

 

Tomorrow try buy back my 1100 shares at 3.70 haha

AttasBoss      ( Date: 08-Oct-2019 15:28) Posted: test sell small lots at 3.80, buyer counter party UBS