Tangs offer to privatise SingHaiyi Group at 11.7 cents per share - Printable Version
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Tangs offer to privatise SingHaiyi Group at 11.7 cents per share (/Thread-Tangs-offer-to-privatise-SingHaiyi-Group-at-11-7-cents-per-share)
+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Tangs offer to privatise SingHaiyi Group at 11.7 cents per share (/Thread-Tangs-offer-to-privatise-SingHaiyi-Group-at-11-7-cents-per-share)
Tangs offer to privatise SingHaiyi Group at 11.7 cents per share - Levin - 10-11-2021
The Edge Singapore Published on Tue, Nov 09, 2021 / 3:48 PM GMT+8 / Updated 10 hours ago
Gordon and Celine Tang, the couple controlling developer SingHaiyi, is making an offer to privatise the developer, offering 11.7 cents per share for the 21.63% of the company they don't already own.
The offer price is a premium of 8.3% over the last traded price of 10.8 cents as of Nov 8, and values the company at around $498 million.
As at Sept 30, the company’s net asset value per share was 14.96 cents
https://www.theedgesingapore.com/news/company-news/tangs-offer-privatise-singhaiyi-group-117-cents-share
RE: Tangs offer to privatise SingHaiyi Group at 11.7 cents per share - sgbuffett - 10-11-2021
I think the assets are grossly undervalued!
Shareholders should reject!