HTL

[Nebula]

HTL has just announced that it has signed an MOU with Guangdong Yihua Timber Industry Co., Ltd.
(“GDYH”), in relation to potential corporate transaction(s), which may be assets/shares
related, aimed at realising value for all shareholders of the Company

http://infopub.sgx.com/FileOpen/HTL2015A...eID=375050

Could someone kindly explain what this means? And why has the stock price almost doubled over the afternoon?

Un...un...un...un...unbelievable.....

Based on HTL's 2014 annual report, BEM holdings has a direct interest of 43.59% of HTL.

BEM has signed an MOU with GDYH for a corporate action that MAY be asset/ share related, aimed at realising value for ALL shareholders of the company.

IMO, the statement is a bit vague on what the deal is.

"The Board of Directors wishes to emphasise that it has not been approached by GDYH in relation to any proposed transaction."


does this mean that BEM is looking for a buyer and approached GDYH?

market seems to think that value is going to be unlocked soon.