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Tat Hong Holdings
#1
Just out - Stanchart PE to delist Tat Hong and acquire 29% stake for S$105M in the company while management to increase stake to 71%. Offer price is up to S$0.55 / share or ~40% above average price this year..  

https://www.bloomberg.com/news/articles/...firm-stake
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#2
(11-10-2017, 10:10 AM)ValueForMoney Wrote: Just out - Stanchart PE to delist Tat Hong and acquire 29% stake for S$105M in the company while management to increase stake to 71%. Offer price is up to S$0.55 / share or ~40% above average price this year..  

https://www.bloomberg.com/news/articles/...firm-stake

Think that the company has been bleeding for the last few years - revenue growth has been negative.

Profitability is also in red while debt level is high..

Seems to be an interesting turnaround story? 
Cool
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#3
Offer price is also very high.. very risky for them but good for retail shareholders I guess?  Big Grin
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#4
(11-10-2017, 10:19 AM)Digger Wrote: Offer price is also very high.. very risky for them but good for retail shareholders I guess?  Big Grin

Management to increase stake.. it might be undervalued in the first place.. some huge contracts coming?  Tongue
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#5
I thought Stanchart PE got some issue recently with the parent bank? they are still active?  Confused
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#6
Calm down guys.. it is not binding yet..

See the announcement at SGX here:
http://infopub.sgx.com/FileOpen/Tat%20Ho...eID=477748

let's see what will happen  Tongue
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