Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...
(28-09-2015, 09:29 AM)smallcaps Wrote: [ -> ]Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...
Yes, it is about 17% of the total issued shares. We should see related announcement soon.
(vested)
(28-09-2015, 09:47 AM)CityFarmer Wrote: [ -> ] (28-09-2015, 09:29 AM)smallcaps Wrote: [ -> ]Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...
Yes, it is about 17% of the total issued shares. We should see related announcement soon.
(vested)
seems like 37-38 is a fair value?
fully vested and nil shares sold to-date since 18cents, averaged upwards 2x cents, and low 3x cents..
huat ah!
no news?
maybe its Tat Hong offloading TTJ,
I guess what's important is who is the buyer? If its a nearly substantial holder, then no free float liao...
(28-09-2015, 08:58 PM)smallcaps Wrote: [ -> ]I guess what's important is who is the buyer? If its a nearly substantial holder, then no free float liao...
The shares are unlikely from the free-float, since it is a married deal.
A sell from the existing SSHs? I reckon it is very unlikely from Mr. Teo.
(vested)
With CEO Mr Teo Hock Chwee's purchase of 60.0m shares at $0.345/share in 2 separate off-market transactions today - likely from the Ng Family behind the Tat Hong Group - which has raised his total beneficial holding in TTJ to 84.38%, and his transfer of 120.0m shares from his CDP account to CIMB Bank.....
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=371065
, it is almost certain that Mr Teo will soon have to make a GO to buy the remaining shares and privatise TTJ.
A relevant question : Why does Mr Teo wish to privatise TTJ?
Purchase price at S$0.345, interesting. Will we be able to find out the counterparty? From the amount, quite likely to be TH investment?