26-09-2014, 10:07 PM
29-09-2014, 04:32 PM
Tuan Sing shares soar as tycoon becomes shareholder
Shares of Tuan Sing Holdings soared to a multi-year high today on strong volume after the real estate developer said a Singapore property tycoon has become a substantial shareholder.
Tuan Sing disclosed after trading hours last Friday that Koh Wee Meng, founder of Fragrance Group, raised his stake in the company to 5.02% from 4.46% by buying 6.5 million shares in the open market at 43 cents apiece.
Shares of Tuan Sing jumped as much as 9.2% to 47.5 cents in morning trade. They were trading 6.9% higher at 46.5 cents at 12:43 p.m. Singapore time.
Koh is listed by Forbes as the 17th richest man in Singapore, with a fortune of US$1.6 billion ($2 billion).
He and his wife own 85% of Fragrance Group and 65% of Global Premium Hotels.
Separately, Tuan Sing is reportedly meeting fixed-income investors today to raise funds.
According to IFR, DBS and HSBC are arranging for the company to meet investors, who are said to be treating Tuan Sing as a high-yield credit play.
The investor meetings are exploratory and a Singapore dollar deal may follow, said IFR.
http://www.theedgesingapore.com/the-dail...older.html
Shares of Tuan Sing Holdings soared to a multi-year high today on strong volume after the real estate developer said a Singapore property tycoon has become a substantial shareholder.
Tuan Sing disclosed after trading hours last Friday that Koh Wee Meng, founder of Fragrance Group, raised his stake in the company to 5.02% from 4.46% by buying 6.5 million shares in the open market at 43 cents apiece.
Shares of Tuan Sing jumped as much as 9.2% to 47.5 cents in morning trade. They were trading 6.9% higher at 46.5 cents at 12:43 p.m. Singapore time.
Koh is listed by Forbes as the 17th richest man in Singapore, with a fortune of US$1.6 billion ($2 billion).
He and his wife own 85% of Fragrance Group and 65% of Global Premium Hotels.
Separately, Tuan Sing is reportedly meeting fixed-income investors today to raise funds.
According to IFR, DBS and HSBC are arranging for the company to meet investors, who are said to be treating Tuan Sing as a high-yield credit play.
The investor meetings are exploratory and a Singapore dollar deal may follow, said IFR.
http://www.theedgesingapore.com/the-dail...older.html
29-09-2014, 06:01 PM
tuan sing going to do fund raising?!! 
where they spending the money?
where they spending the money?
29-09-2014, 06:27 PM
Indons engaging Geylang Koh to move share price?
They have no chance of losing control of Tuan Sing, neither will they have interests to unlock value since they probably have more $ to hunt down more assets.
Of course, they will keep doing their businesses.
Wrong Term
Odd Lots
Vested
GG
They have no chance of losing control of Tuan Sing, neither will they have interests to unlock value since they probably have more $ to hunt down more assets.
Of course, they will keep doing their businesses.
Wrong Term
Odd Lots
Vested
GG
01-10-2014, 08:51 PM
How soon is Tuan Sing expected to reach its RNAV of ~$1.00, and the key milestones along the way to take note?
the pace matters a lot. In a lot of property counters, the RNAV seems to take "forever" to be realized...
the pace matters a lot. In a lot of property counters, the RNAV seems to take "forever" to be realized...
01-10-2014, 09:18 PM
(01-10-2014, 08:51 PM)Curiousparty Wrote: [ -> ]How soon is Tuan Sing expected to reach its RNAV of ~$1.00, and the key milestones along the way to take note?
the pace matters a lot. In a lot of property counters, the RNAV seems to take "forever" to be realized...
Is there any reason why anyone would wish to buy property shares at its RNAV or even beyond ? If not, then naturally, a gap will always exist.
02-10-2014, 01:39 AM
(01-10-2014, 08:51 PM)Curiousparty Wrote: [ -> ]How soon is Tuan Sing expected to reach its RNAV of ~$1.00, and the key milestones along the way to take note?
the pace matters a lot. In a lot of property counters, the RNAV seems to take "forever" to be realized...
10% discount to RNAV is the max the share price would probably trade at
31-10-2014, 06:36 AM
http://www.businesstimes.com.sg/companie...-full-year
Tuan Sing trebles Q3 gain; looks to better full year
24513926455.jpg Tuan Sing Holdings, which posted a tripling in third-quarter net earnings, is optimistic about better operational performance for the year ended Dec 31, 2014 compared to FY2013, said its CEO William Liem. PHOTO: BUSINESS TIMES
31 Oct5:50 AM
Singapore
TUAN Sing Holdings, which posted a tripling in third-quarter net earnings, is optimistic about better operational performance for the year ended Dec 31, 2014 compared to FY2013, said its CEO William Liem.
The group expects to complete the acquisition of its remaining
Tuan Sing trebles Q3 gain; looks to better full year
24513926455.jpg Tuan Sing Holdings, which posted a tripling in third-quarter net earnings, is optimistic about better operational performance for the year ended Dec 31, 2014 compared to FY2013, said its CEO William Liem. PHOTO: BUSINESS TIMES
31 Oct5:50 AM
Singapore
TUAN Sing Holdings, which posted a tripling in third-quarter net earnings, is optimistic about better operational performance for the year ended Dec 31, 2014 compared to FY2013, said its CEO William Liem.
The group expects to complete the acquisition of its remaining
06-12-2014, 09:52 PM
Tuan Sing has fallen back to where it came from...Any reasons?
07-12-2014, 03:57 PM
(06-12-2014, 09:52 PM)Curiousparty Wrote: [ -> ]Tuan Sing has fallen back to where it came from...Any reasons?
Its due to selling pressure from makret