MON, AUG 02, 2021 - 9:03 AM UPDATED MON, AUG 02, 2021 - 9:10 AM
CLAUDIA TAN
KEPPEL Corporation on Monday made a privatisation offer for Singapore Press Holdings' (SPH) non-media business through a scheme of arrangement. The deal values SPH at S$3.4 billion with Keppel's share of the deal totalling S$2.2 billion.
Under the scheme, shareholders will receive a total consideration of S$2.099 per share. This will comprise cash of $0.668 per share, 0.596 Keppel Reit unit valued at S$0.715 per unit, and 0.782 SPH Reit units valued at S$0.716 per unit from a distribution in-specie by SPH.
The rest of the report at:
https://www.businesstimes.com.sg/compani...a-business
There seems to be insider leaks and it has fingerprints all over the charts.
Chart Nexus BIC guy picked up on it 3 months ago.
Having said that it's just a 10-15% gain. Capitaland value was in the open and one could also make 10% easily after the restructuring announcement...
https://youtu.be/qiw-iGnnu2U
Why SPH CEO Ng Yat Chung always ends up with loss making company and selling the company away ?
He has sold NOL and now he is selling SPH.
He is the most dangerous CEO in SGX.
(02-08-2021, 09:42 AM)forum456 Wrote: [ -> ]Why SPH CEO Ng Yat Chung always ends up with loss making company and selling the company away ?
He has sold NOL and now he is selling SPH.
He is the most dangerous CEO in SGX.
Actually he takes the companies not doing well....but he is not a turnaround artist.
Why not employ people with business experience and track record?
Looks like Keppel Reit and SPH Reit will also eventually merge.
(02-08-2021, 09:50 AM)starbugs Wrote: [ -> ]Looks like Keppel Reit and SPH Reit will also eventually merge.
SPH reits is worth $1+ ...so there is about 10% to gain there.
Investors would prefer cash as Keppel reits are all overvalued.
Looks like Tamasick is going to make Keppel into a hugh and profitable conglomerate
Are not Keppel Corp still in Red?
Umbra guy is not the turn around type. His task is to cut cost using plain old textbook method of letting go employees. Then sell it off. All papayas use such old fashioned textbook methods. These type of fruits has totally no idea of how to run private enterprises.
“Keppel said that the acquisition will accelerate its Vision 2030 plans to become an integrated business providing solutions for sustainable urbanisation, with an asset management arm to fund its growth and provide a platform for capital recycling.”
SPH without the media business and SPH Reit is just a rojak company. Nursing homes, student hostels, Seletar Mall, M1 and even 20% of Mindchamps etc. All these in exchange for giving away the grade-A office of Keppel Reit plus cash. Maybe Keppel likes to eat rojak.
Keppel is the White Knight.
any golden handshake for SPH CEO ?
How much commissions can he get by selling SPH and NOL ?
it's a win win. reducing kep reit will reduced the consolidated debt amt.
m1 about to recover up with ending of covid-19 soon.
(02-08-2021, 06:11 PM)sclim Wrote: [ -> ]it's a win win. reducing kep reit will reduced the consolidated debt amt.
m1 about to recover up with ending of covid-19 soon.
M1 delisted long ago
He is temasek dirty job man
More like the man who shows meritocracy doesn't really exist.
(02-08-2021, 07:04 PM)Niubee Wrote: [ -> ]He is temasek dirty job man
No dirty-job man, just dirty man
If Keppel is so good to acquire SPH, why Temasek last year scrapped a $3 billion plan to raise its stake and take control of Keppel ?
What is the agenda behind this take over?
Whick banks willing to take the high risk in supporting the loan?
Any accountability towards its depositors?
Black gold has lost its 'lustre'... now banking on lands
And let's not forget SMM forced to eat up the useless O&M from Keppel..
Guess all the GIC 1 by 1 either going bust or get privatized..
Need 75% of SPH shareholders to agree. I think there may be enough angry shareholders to scupper the deal.
