Boustead Projects

[ksir]

I think you should also take into account the fact that the market is valuing BSL higher now as compared to few months back. Plus, what price you will be able to reinvest your BP proceeds into BSL when you have received it.

Having said that, I think your strategy of accepted half and keep half looks sound to me. At least you won't miss out on BSL upside as you hold onto some of your BP shares currently.

That's true, but it could also be that BSL price later on would be lower. So I'd not think too much into that.

Actually I preferred to keep at least 80% but I was unpleasant of the possibility of holding unlisted BP and relying on Management who in first place not taking care of minority shareholders. 

Below from ps.... quite interesting though:
"Regardless, I think it is good to remember the outcome here and use this case in evaluating future offers like this at other listed companies."

When I hazard a possible future scenario of BSL offering S$0.90-0.95 and knowing what they have done with BP, would I keep 100% and not accepting the offer?
After considering, I think I would still take the same decision, accept 50% keep 50%.

The thought of getting stuck in unlisted BSL with lowball-offer Management (if ever be) is quite unpleasant even to imagine.

I am a shareholder of BSL for many yrs. BSL has to take care of its own shareholders. If the table is turned around and say BP were to offer 0.95 vs 1.18 to take over BSL. How will u feel? Will u feel as a shareholder of BP yrself. Will u feel BP is offering a low ball offer to BSL and shld give BSL higher?

I am BSL shareholder for 12+ years also.
I did go through the similar thought process also. 
If this were another company and not BP, isn't it better for BSL to offer lowball and benefit us, the shareholder? I think the answer is obvious, yes.

But this is BP and the fact is, it's the subsidiary of BSL and shareholders of BSL & BP are intertwined. It's like if you are acquiring your younger brother company and offer lowball to his and his family & partners , I'd say WTH right and because BSL is controlling BP, BP in this case done almost nothing to self-defend?

If this is the attitude, why not also lowball offer for BSL later on? 
I don't think minority shareholders of BSL is priority also?
This is principle on how they treat minority shareholders of BP and that reflect the future-likelihood of how they might treat minority shareholders of BSL. 

Think I better stop here, otherwise it might not be good for our interests as BSL shareholders also? hahaha.

I think the reason u think that way could be becos u owned both BSL and BP. But for some reason lets say u only own BSL, u wont prefer BSL to offer 1.18 instead of 0.95 to BP right?

I've already stated my reasons and it's not merely because I owned both, each has its own biased and this will be my last post on the subject.