16-01-2013, 10:41 PM
(16-01-2013, 10:39 PM)camelking Wrote:(16-01-2013, 10:06 PM)toiletsiao Wrote:(05-12-2012, 11:02 PM)toiletsiao Wrote: Think they will unload.... Its one of their most underwhelming investments ever...they are very fortunate to be able to exit with their capital intact... They are very lucky too to avg down another 11mil shares when scglobal is trading at 50 to 60 cents in 2008...scglobal is illiquid wheelock should take this opportunity to divest n invest else where...
yup... Wheelock accepted Simon Cheong's offer and re-invest in developing the AMK GLS site lol
http://info.sgx.com/webcoranncatth.nsf/V...500442E15/$file/WPSL_ANN_SCG.pdf?openelement
U got it right!
Wheelock's explanation for the divestment is bullshit.
They tried to force Simon Cheong to increase the offer price by buying in the open market at above 1.8.
When Simon Cheong refuses to do so, they blinked first!
hahaha
the wheelock management really screw this one up... hilarious