Kingboard Copper - Special Situation

More
07 Mar 2017 17:08 #23637 by Joes
Day 2 after 40-c offer: There is a big buying block of 35 m shares at 40.5 cents worth about $12 m. Effectively, this prevents the Offeror from mopping up shares ! Interpret that to mean, there will be a higher offer.... Perhaps 60 cents>>>???

Please Log in to join the conversation.

More
09 Mar 2017 08:52 #23642 by lotustpsll
The Court Appeal Hearing is over. I wonder KB will provide timely progress update on this important development. Based on past experience, the management is reticent on this legal case.
For the sake of proper and fair disclosure, I hope SGX should compel KB to do so as it matters to all Minority shareholders.

Please Log in to join the conversation.

More
20 Mar 2017 22:05 #23672 by lotustpsll
It was just announced by KB that the decisions of the Court Appeal hearing will be released on 24 March or later. This is good news as the decisions of the Court will have a bearing on the current buyout offer.

Please Log in to join the conversation.

More
21 Mar 2017 04:07 #23675 by lotustpsll
In an unusual twist of events, the Bermuda Court of Appeal Judgement will be released prior to the Offeree Circular (containing, inter alia, the IFA advice and the recommendations of the Independent Directors) from KBC.

The current Buyout exercise may be “dead in the water”. This latest development may land a potential huge victory for Minority Shareholders.

Please Log in to join the conversation.

More
21 Mar 2017 04:11 #23676 by lotustpsll
In view of the importance of the Court Appeal judgement and for the sake of transparency, the whole judgement, when in hand, should be released by KBC in SGX for the reference of its entire shareholders.

Please Log in to join the conversation.

More
22 Mar 2017 19:29 #23683 by lotustpsll
Provenance Capital Pte. Ltd. has been appointed as the IFA to advise the Independent Directors in respect of the Offer.

Please Log in to join the conversation.

Share Prices

Counter NameLastChange
AEM2.1300.010
$ Alliance Mineral0.3650.030
AusGroup0.053-
Avi-Tech0.4250.005
Best World2.5300.050
China Sunsine0.6750.005
CWG Intl^0.1780.008
Cordlife1.040-
Dutech0.485-
Food Empire0.580-
Geo Energy Res0.340-
Golden Energy0.5150.010
$ GSS Energy0.190-
Heeton0.375-
Hiap Hoe0.715-
$ ISOTeam0.3950.005
King Wan0.165-
Lian Beng0.5300.010
Nordic0.3400.010
Oxley0.560-
$ Rex Intl0.066-
$ Resources Prima0.0320.003
Riverstone0.860-
Roxy-Pacific0.515-
Sunningdale Tech1.6650.030
Serial System^0.1870.005
Sino Grandness0.2400.020
Straco0.7650.005
Sunpower0.825-
Tiong Seng0.250-
$ Trendlines0.155-
Uni-Asia1.1750.020
XMH0.2850.005
Yamada Green Res0.4850.005
YZJ Shipbldg SGD1.130-
Powered by JoomlaGadgets

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 585 guests and no members online