Theoretically RTO price can be high or low relative to current mkt price . just adjust the shares to be issued and post RTO share consolidation. Depends on how much Nico wants to be generous to the minority shareholders.
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(07-07-2014, 06:17 PM)cif5000 Wrote: [ -> ]Nico has about 60% of Pollux (direct + deemed). Like that still not major enough? You mean he hasn't gained control?
Good bro, if Nico were to inject these billion dollars of NEW assets in a RTO, it will results in issuance of billions of new shares for himself and perhaps a few of his associates/cornerstone investors. Probably a couple/tens of millions new shares to the public.
Current Pollux shares may constitute less than 10% after issuance of new shares. As of how many hundred millions/billions shares and at what price, I do not have a clue.
New Website For Chadstone Cikarang!
http://chadstonecikarang.com/
PT North Pacific Developments (Pollux Properties Indonesia) is a company with an exclusive focus on the development of luxury properties in
Indonesia and Asia Pacific. The company actively engages in the business of developing upmarket real estate projects, with the key aim of creating homes reflecting the philosophy of lavish and modern living.
Since its inception, Pollux has extended its portfolio to a full range of developments from mixed developments, hotels, commercial, residential projects, resorts, retail malls and more. In 2014, Pollux looks to develop more exciting landmark projects in other key destinations around the world.
A combination of distinction, excellence and quality, luxury living – Chadstone is created from the collaborative synergy of an elite team led by Asia Pacific’s leading developer Pollux Properties: architecture from our world-renowned master architect, world-class hospitality from Park Regis, international retail mall operator Pollux Malls, interior and spatial design from international-class designers, world class marketing communications and brand management Revere Asia, and proudly developed by Pollux Properties.
(07-07-2014, 06:44 PM)Volmax Wrote: [ -> ] (07-07-2014, 06:17 PM)cif5000 Wrote: [ -> ]Nico has about 60% of Pollux (direct + deemed). Like that still not major enough? You mean he hasn't gained control?
Good bro, if Nico were to inject these billion dollars of NEW assets in a RTO, it will results in issuance of billions of new shares for himself and perhaps a few of his associates/cornerstone investors. Probably a couple/tens of millions new shares to the public.
Current Pollux shares may constitute less than 10% after issuance of new shares. As of how many hundred millions/billions shares and at what price, I do not have a clue.
Alright. Sounds like a massive dilution. How can the minorities be protected? Put it in another way, how can this be good to the minorities?
New collaboration with Park Regis could signal Pollux's intention to enter into Australia hospitality sector. Below is a list of Park Regis Hotel with heavy weightage focusing in Australia.
Australia
1) Park Regis City Centre - Sydney
2) Park Regis Concierge Apartments - Sydney
3) Park Regis Griffin Suites - Melbourne
4) Park Regis Southbank - Melbourne
5) Park Regis North Quay - Brisbane
6) Park Regis City Quays - Cairns
7) Park Regis Anchorage - Townsville
New Zealand
1) Park Regis Auckland
2) Park Regis Dunedin
3) Park Regis Picton
Others
1) Park Regis Kris Kin - Dubai
2) Park Regis Singapore
3) Park Regis Birmingham - UK
4) Park Regis Goa - India
5) Park Regis Kuta - Bali, Indonesia
6) Park Regis Zhongguancun Beijing, China
(08-07-2014, 10:41 AM)cif5000 Wrote: [ -> ]Alright. Sounds like a massive dilution. How can the minorities be protected? Put it in another way, how can this be good to the minorities?
Good bro, you never see a RTO and how the share price fly?
Investors are buying into the company's future prospect and earning ability. Institutional funds and cornerstone investors are no fools to invest hundreds of millions for the placement shares. If the RTO do take place, you think they will let the share price sink?
PS: Injection of new assets would results in multi-folds increase in total assets post acquisition, aka upsizing Pollux from a small developer to a significant player.
(08-07-2014, 12:18 PM)Volmax Wrote: [ -> ] (08-07-2014, 10:41 AM)cif5000 Wrote: [ -> ]Alright. Sounds like a massive dilution. How can the minorities be protected? Put it in another way, how can this be good to the minorities?
Good bro, you never see a RTO and how the share price fly?
Investors are buying into the company's future prospect and earning ability. Institutional funds and cornerstone investors are no fools to invest hundreds of millions for the placement shares. If the RTO do take place, you think they will let the share price sink?
PS: Injection of new assets would results in multi-folds increase in total assets post acquisition, aka upsizing Pollux from a small developer to a significant player.
Isn't Pollux the result of an RTO (fka Shining)? I didn't see the price fly. So is this now the 2nd RTO? by the same major shareholder? I don't know how this will work. Will it fly?
That's why I need more education from people like you. Thanks for your active contribution to
this thread.
(08-07-2014, 01:56 PM)cif5000 Wrote: [ -> ]Isn't Pollux the result of an RTO (fka Shining)? I didn't see the price fly. So is this now the 2nd RTO? by the same major shareholder? I don't know how this will work. Will it fly?
That's why I need more education from people like you. Thanks for your active contribution to this thread.
Former mini RTO of Shining is just buying a ticket to the seat, without any significant injection of assets. Back then if Nico never secure a seat in SGX, now they will be held ransom by whichever shell company (wanting a big cut) if they want to do a backdoor listing. By acquiring Pollux Singapore, it just make their listing work so much easier. Plan Big, Think Far!
Btw, I don't know why an expert like you would like any education from me. LOL!
PS: As usual, anything posted is just my speculation and for sharing purposes only. Not a buy call.
Nico is an astute businessman with great foresight, capability and wide connection.
You think he is contented to let Pollux's share price to remain range bound between 7 ~ 9 cents, while earlier he had spent 21.75 millions to acquire Pollux shares at 13 cents a piece.
http://www.finanznachrichten.de/pdf/2007...5093.2.pdf
Nico had recently made an interest-free unsecured loan of S$16,000,000 to Pollux Singapore through Pollux Botero Pte. Ltd. He can definitely push up the share price if he want to, so what's stopping him?
http://infopub.sgx.com/Apps?A=COW_Prospe...ny&F=20831
Pg.39
© During FY2014, Pollux Treasures Pte. Ltd., a company wholly owned by Pollux Botero, had extended a loan amounting to S$16,000,000.00 to the Company and Goldman Morgan. This loan is unsecured and interest-free and is repayable on demand.