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Sin Heng Heavy Machinery

Sin Heng Heavy Machinery

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dydx Offline
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#23
31-03-2020, 09:57 PM
Toyota Tsusho Corporation (listed global trading arm of the huge Toyota Group) has sold its 27.1% interest (30,950,000 shares) in Sin Heng to local private investor Mr. Teo Yi-Dar for $12.5m, or at $0.4038 per share..
https://links.sgx.com/FileOpen/Sin%20Hen...eID=602976

The transaction was done at a substantial premium over the prevailing market price of Sin Heng, which closed at $0.31 (+$0.04) today. Against Sin Heng's latest 31Dec19 NAV/share at $0.9776, it appears still a very good buy for this Mr Teo, who now becomes the 2nd largest shareholder after the founder Tan Family (28.58%).

With a market cap of only $46.7m and a debt-free (on a net basis) B/S, Sin Heng appears to be a potential target for acquisition.
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Messages In This Thread
Sin Heng Heavy Machinery - by Stockerman - 28-05-2012, 08:38 PM
RE: Sin Heng Heavy Machinery Ltd - by brattzz - 28-05-2012, 09:41 PM
RE: Sin Heng Heavy Machinery Ltd - by KopiKat - 29-05-2012, 09:00 AM
RE: Sin Heng Heavy Machinery - by orangetea - 14-02-2014, 01:09 PM
RE: Sin Heng Heavy Machinery - by orangetea - 21-02-2014, 09:50 AM
RE: Sin Heng Heavy Machinery - by orangetea - 21-02-2014, 10:31 AM
RE: Sin Heng Heavy Machinery - by dydx - 17-08-2016, 06:16 PM
RE: Sin Heng Heavy Machinery - by Quickbeam - 16-10-2017, 08:12 PM
RE: Sin Heng Heavy Machinery - by GreedandFear - 16-10-2017, 10:14 PM
RE: Sin Heng Heavy Machinery - by Quickbeam - 16-10-2017, 10:42 PM
RE: Sin Heng Heavy Machinery - by specuvestor - 17-10-2017, 10:22 AM
RE: Sin Heng Heavy Machinery - by GreedandFear - 17-10-2017, 12:32 PM
RE: Sin Heng Heavy Machinery - by specuvestor - 17-10-2017, 01:09 PM
RE: Sin Heng Heavy Machinery - by GreedandFear - 17-10-2017, 07:34 PM
RE: Sin Heng Heavy Machinery - by Quickbeam - 17-10-2017, 04:11 PM
RE: Sin Heng Heavy Machinery - by specuvestor - 17-10-2017, 05:18 PM
RE: Sin Heng Heavy Machinery - by Quickbeam - 17-10-2017, 05:38 PM
RE: Sin Heng Heavy Machinery - by karlmarx - 17-10-2017, 07:14 PM
RE: Sin Heng Heavy Machinery - by Quickbeam - 17-10-2017, 07:39 PM
RE: Sin Heng Heavy Machinery - by karlmarx - 19-10-2017, 09:09 PM
RE: Sin Heng Heavy Machinery - by Quickbeam - 30-10-2017, 04:38 PM
RE: Sin Heng Heavy Machinery - by cyclone - 25-07-2019, 07:44 PM
RE: Sin Heng Heavy Machinery - by dydx - 31-03-2020, 09:57 PM
RE: Sin Heng Heavy Machinery - by jh_sw - 03-04-2020, 03:52 PM

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