Kingboard Copper - Special Situation

More
07 Mar 2017 17:08 #23637 by Joes
Joes replied the topic: Kingboard Copper - Special Situation
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
lotustpsll replied the topic: Kingboard Copper - Special Situation
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
lotustpsll replied the topic: Kingboard Copper - Special Situation
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
lotustpsll replied the topic: Kingboard Copper - Special Situation
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
lotustpsll replied the topic: Kingboard Copper - Special Situation
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
lotustpsll replied the topic: Kingboard Copper - Special Situation
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
AEM Holdings3.4000.090
Alliance Mineral0.420-
AusGroup0.047-
Avi-Tech Electronics0.480-
Best World Int.1.3300.010
China Sunsine1.0400.010
CWG International0.194-
DISA Limited0.0150.001
Dutech Holdings0.340-0.005
Federal Int. (2000)0.390-
Food Empire0.695-
Geo Energy0.2700.005
Golden Energy0.4100.010
GSS Energy0.159-0.001
Heeton Holdings0.5900.010
ISOTeam0.350-
KSH Holdings0.795-0.010
Lian Beng Group0.765-
Miyoshi0.079-
Nordic Group0.570-
Oxley Holdings0.6950.025
REX International0.0650.001
Riverstone1.080-0.010
Roxy-Pacific0.5550.005
Serial System0.1660.001
Sing Holdings0.445-
Sino Grandness0.2100.005
Straco Corp.0.8650.015
Sunningdale Tech1.860-
Sunpower Group0.5500.010
The Trendlines0.1530.004
Tiong Seng0.380-
Trek 2000 Int.0.2700.005
Uni-Asia Group1.300-
XMH Holdings0.2700.030
Yangzijiang Shipbldg1.6400.060

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 662 guests and no members online