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United Engineers
21-01-2020, 10:15 PM.
Post: #361
RE: United Engineers
OMG, I forgot to tender the shares. I just ignored the offer as I had bought at 2.65 per share.

Request for Suspension

According to the Loss of Free Float Announcement issued on 27 December 2019 by DBS Bank Ltd. for and on behalf of Yanlord Investment (Singapore) Pte. Ltd. (the "Offeror"), the Offeror has, through acceptances of the UEL Ordinary Share Offer or otherwise, succeeded in holding more than 90% of the total number of UEL Ordinary Shares (excluding any UEL Ordinary Shares held in treasury), thus causing the percentage of the total number of UEL Ordinary Shares (excluding any UEL Ordinary Shares held in treasury) held in public hands to fall below 10%.

Rule 1303(1) of the Listing Rules provides, inter alia, that the SGX-ST may at any time suspend trading of the listed securities of an issuer if the percentage of an issuer's total number of issued shares excluding treasury shares held in public hands falls below 10%.

In a take-over situation, where the offeror succeeds in garnering acceptances exceeding 90% of the issuer's total number of issued shares excluding treasury shares, thus causing the percentage of an issuer's total number of issued shares excluding treasury shares held in public hands to fall below 10%, the SGX-ST will suspend trading of the listed securities of the issuer only at the close of the take-over offer.

As the UEL Ordinary Share Offer and the UEL Preference Share Offer have closed at 5.30 p.m. (Singapore time) on 20 January 2020, United Engineers Limited has accordingly requested the suspension of trading of its listed securities with effect from 9.00 a.m. on 21 January 2020.
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Specuvestor: Asset - Business - Structure.

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21-01-2020, 10:47 PM.
Post: #362
Rainbow  End Game: United Engineers
lol.
Relax and wish you a bountiful Chinese New Year.

enjoy:



Have you ever heard the wolf cry to the blue corn moon

Or asked the grinning bobcat why he grinned
Can you sing with all the voices of the mountains
Can you paint with all the colors of the wind

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感恩 

Thanks all valuebuddies for helping me in my investment journey.
I learn a lot from you.

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22-01-2020, 09:20 PM.
Post: #363
Rainbow  Yanlord on compulsory acquisition of United Engineers
ops, Cyclone, forgotten to attached the announcement from Yanlord.
(click and scroll to item 6.2)

relax and enjoy a happy Chinese New Year:


Here in the pouring rain

Just breathe against the glass
Leave me some kind of sign

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感恩 



Thanks all valuebuddies for helping me in my investment journey.
I learn a lot from you.

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