Felix's bet on St******

[kbl]

Good noon Felixleong san and everyone.

We are here to Share and Not throw stones at each other. To be fair to GG, did he point a gun at anyone head to force anyone to buy?

In simple term - Your $ your Call. My $ my Call.

SL vested-old pot.

**The Group had entered into an exclusivity agreement with the Buyer as the offer of AUD850 million was at an acceptable valuation and offered an option to unlock shareholders’ value. The exclusivity agreement had since lapsed on 7 March 2008 and was terminated accordingly by the Group. The Group received a non-refundable deposit of AUD1.3 million for the purposes of conducting due diligence under the exclusivity agreement. As the Group was not keen to sell, this unusual and onerous non-refundable deposit was demanded by the Group and acceded to by the Buyer. Parties were in discussions since the exclusivity ended on 7 March 2008 on the Buyer’s request for extension. However, the Group has declined to extend. The Group has since received approaches from other parties for the purchase of the Group’s hotel portfolio**

Boss Ow declined to extend and not potential buyer couldn't complete the deal.


http://stamfordland.listedcompany.com/ne...032008.pdf

Mr Ow Yew Heng, the son of the Group's Executive Chairman, is also an Executive Director of SSC.



http://stamfordland.listedcompany.com/directors.html

**The Group officially commenced sale of its latest residential development, Macquarie Park Village, in North
Ryde Sydney on 1 November 2013. This is a popular precinct as a residential location. The site is currently
operated as Stamford Grand North Ryde hotel. The A$430million project, comprising 646 1, 2, 3 bed-room
apartments represents the best use of the site. 379 units were released under Phase 1 and sold out as of the
date of this report. The balance of 267 units will be released for sale later this year or early next year. No revenue will be recognised until the project is completed in 2017.**

I think one can only smell the money in 2017. imo after 2 false *wolf alarm* by Boss Ow to sell the hotels, how many still believe Boss Ow to sell the hotels again? I am the one that does not believe Boss Ow. Boss Ow who has already passed the baton to Junior Ow and business will be as usual for St******. If one prepares to put money into St******, one must prepare to hold many years.

<not a call to buy or sell>