08-11-2016, 10:05 PM
(08-11-2016, 07:13 PM)cyclone Wrote:(08-11-2016, 06:04 PM)opmi Wrote: How much did Straits Trading paid?
It paid S$1.7326 per share.
That is incorrect. They initially paid $1.7326 for 169,900,000 shares in the initial acquisition.
In Dec 2015, they subscribed for their rights entitlement of 30,582,000 rights shares at $1 per right shares.
So STC total investment in ARA is $324,950,740 for 200,482,000 shares.
So their average price is $1.6208.
On paper, based on the offer price, they are sitting on paper profit of $31,907,220
[SOURCE]
http://straitstrading.listedcompany.com/...4CBA.3.pdf
http://infopub.sgx.com/FileOpen/Announce...eID=377681