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28-06-2017, 07:12 AM
(This post was last modified: 28-06-2017, 07:21 AM by specuvestor.)
Seatown is actually quite independent from Temasek. Holistically it seems like left pocket to right pocket but it reflects difference in views and objectives. My guess is that the review was triggered by CEO
(27-06-2017, 10:45 PM)touzi Wrote: https://www.bloomberg.com/news/articles/...ale-of-glp
Looks like interest in GLP is very strong. Even Temasek is said to be considering bidding (or maybe it's just an attempt to shore up the bid price). Makes me wonder why GIC wants to sell.
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$3.38
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14-07-2017, 06:04 PM
(This post was last modified: 14-07-2017, 06:08 PM by cyclone.)
(14-07-2017, 02:00 PM)Kelvin Wrote: $3.38
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Congratulations.
Scheme Consideration = S$3.38 for each Share. Will not be reduced by the proposed cash dividend of S$0.06 per share announced on 19 May 2017, Ex Dividend Date 03/08/2017.
Scheme of Arrangement - Proposed Privatization of GLP :
http://infopub.sgx.com/FileOpen/GLP_Join...eID=461501
ShareHolder FAQ - Proposed Privatization of GLP :
http://infopub.sgx.com/FileOpen/GLP_Shar...eID=461504
Presentation Slides - Proposed Privatization of GLP :
http://infopub.sgx.com/FileOpen/GLP_Inve...eID=461503
Specuvestor: Asset - Business - Structure.
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GLP Shareholders Approve Privatization
* GLP privatization approved on the back of overwhelming shareholder support
* Of the total number of shareholders present and voting in person or by proxy at the Scheme Meeting, 96.02% voted FOR the Scheme (needed to meet more than 50%)
* Of the total number of Shares voted by shareholders present and voting in person or by proxy at the Scheme Meeting, 99.96% voted FOR the Scheme (needed to meet at least 75%)
* Shareholders can expect to receive the Scheme Consideration by 19 Jan 2018
* GLP is expected to be delisted shortly thereafter
Specuvestor: Asset - Business - Structure.
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Wonder which stock will replace GLP in the league of 30 STI stocks , after GLP is delisted ?
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Probably one of the 5 stocks on the reserve list as of Sep 2017: Keppel Reit, Mapletree Commercial Trust, SIA Engineering, Suntec Reit,
Venture Corporation
Maybe SIA Engineering (replaced in Sep by Jardine Strategic) will make a comeback.
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