[Mr Lee said he found the decision by certain fund managers to sell their shares to TCC at S$9.55 each when the volume-weighted average price of the shares between Dec 19, 2012 and Jan 18, 2013 was S$9.644 “does not seem the logical thing to do”. ]
Given that even the PM's brother can get "outflanked" (for want of a better word) in this manner, what could mere mortals like us do?
They are either risk arbitrageurs or stockists for TCC.
Did anyone ask why FNN has to pay the breakup fee for OUE failing to bid? Mr Lee certainly thinks the OUE bid was a credible one.
The dealing disclosure of TCC Asset, another 3.3 million shares acquired on 29 Jan, out of transacted volume of 4.0 million shares
http://info.sgx.com/webcoranncatth.nsf/V...3000A4EF3/$file/DealingsAnnouncement300113.pdf?openelement
Current holding 46.36%, 4 more days before closing date
TCC Asset achieved unconditional on 30 Jan, with 50.92% holding includes both acquired and accepted shares. Closing date extended till 18 Feb. The saga is ending soon...
http://info.sgx.com/webcoranncatth.nsf/V...300505C41/$file/UnconditionalAnnouncement300113.pdf?openelement
(30-01-2013, 11:32 PM)CityFarmer Wrote: [ -> ]TCC Asset achieved unconditional on 30 Jan, with 50.92% holding includes both acquired and accepted shares. Closing date extended till 18 Feb. The saga is ending soon...
http://info.sgx.com/webcoranncatth.nsf/V...300505C41/$file/UnconditionalAnnouncement300113.pdf?openelement
TCC Asset seems cease to acquire from open market after achieving unconditional
The ultimate aim is to hold 50% stake
Hi
Sorry need some help here. So what do i do if i want to accept the offer now? I dont seem to have received any "offer letter", or they are refering to the one that they mailed a few months back which i think i may have thrown away.
Thanks.
(31-01-2013, 10:34 PM)mscheng13 Wrote: [ -> ]Hi
Sorry need some help here. So what do i do if i want to accept the offer now? I dont seem to have received any "offer letter", or they are refering to the one that they mailed a few months back which i think i may have thrown away.
Thanks.
In fact, the procedure to accept is clearly stated in the revised offer doc with SGX website. For easily reference, i quoted relevant section here.
-----------
Shareholders who have not received or who have misplaced the Offer Document and/or the relevant acceptance forms should contact The Central Depository (Pte) Limited ("CDP") (for Shareholders whose Securities Accounts are and/or will be credited with F&N Shares ("Depositors")) or Tricor Barbinder Share Registration Services (for Shareholders whose names appear in the register of members of the Company ("Scrip Shareholders")), as the case may be, immediately at the following respective addresses:
For Depositors:
The Central Depository (Pte) Limited
4 Shenton Way
#02-01 SGX Centre 2
Singapore 068807
Tel: +65 6535 7511
For Scrip Shareholders:
Tricor Barbinder Share Registration Services
80 Robinson Road
#02-00
Singapore 068898
Tel: +65 6236 3333
Copies of the FAA may be obtained by Depositors from CDP during normal business hours and up to the Extended Closing Date, upon production of satisfactory evidence that their securities accounts with CDP are or will be credited with Offer Shares.
...
Kirin to Sell Entire Fraser & Neave Stake to TCC for S$2 Bln.
Bloomberg News
(01-02-2013, 02:57 PM)edragon Wrote: [ -> ]Kirin to Sell Entire Fraser & Neave Stake to TCC for S$2 Bln.
Bloomberg News
More update on the news
Kirin to sell F&N stake to Thai billionaire for $2b
Kirin Holdings Co., Japan’s largest beverage company, agreed to sell its 14.8% stake in Fraser & Neave to Thai billionaire Charoen Sirivadhanabhakdi for $2 billion.
Kirin will sell the shares no later than Feb. 14, according to a statement to the Tokyo Stock Exchange today. Charoen’s TCC Assets this week gained a majority stake in F&N after making an offer on Jan. 18 than valued the 130-year-old property and beverage company at $13.8 billion.
http://www.theedgesingapore.com/the-dail...or-2b.html
F&N closes at $9.43 today. Doesn't that mean that I can buy in the open market and sold it to TCC at $9.55? I calculated that I can earn at least $50 after deducting the commission.