Wheelock Properties

[greengiraffe]

Wheelock properties had purchased 2,098 and 700 lots of SC Global shares in the open market on 2 Jan 2013 and 3 Jan 2013. See the following for more details.

http://info.sgx.com/webcoranncatth.nsf/V...7004BDB7F/$file/Disclosure_of_Dealings_Wheelock.pdf?openelement

http://info.sgx.com/webcoranncatth.nsf/V...80040E6EB/$file/Disclosure_of_Dealings_Wheelock.pdf?openelement

Wheelock now controls 16.51% while Simon now controls 63.972%. SC Exec director owns 3%. In total, they own 83.482%.

Looks like Wheelock is helping Simon to move towards suspension of trading in SC Global shares so that they can discuss what their needs are privately.

Simon has already indicated that he will not raise the offer price, ruling out a better offer at least for 1 year though he can continue to extend his offer period.

Unless anyone is happy to own a delisted entity, any potential windfall from an improved deal is unlikely to materialise as long as SC Global shares continue to trade.

Very interesting General Offer.