Delistings

HOCK LOCK SIEW

Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns

Its shares have delivered a higher total return over the past 15 years than the STI as well as property groups such as CDL, Hongkong Land and UOL

The last day of trading for Alpina’s shares on SGX will be Wednesday.

Alpina to delist on Dec 4 as court sanctions joint offer by top execs, Savills Singapore

Scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend

Under the proposal, shareholders can opt for a cash consideration of HK$12.18 per ANE share or a share alternative, or a combination of both.

Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation

[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Centurium Capital, Temasek Holdings and True Light have offered to take it private in a dea...

ANE operates one of China’s largest less-than-truckload logistics networks, serving e-commerce and industrial clients.

Temasek-led consortium makes offer to delist China’s ANE in Hong Kong

The consortium is working with advisers on the take-private proposal, but the negotiations have been challenging

Its primary listing in Singapore strengthens the group’s strategic presence in South-east Asia to support its expansion plan, says PC Partner.

PC Partner proposes delisting from Hong Kong to strengthen operations, lower costs

This will leave the company with just its primary listing on the Singapore Exchange

The trust scheme for the privatisation of FHT is expected to become effective on Sep 23.

Frasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6

Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30

TW Troy Limited's offer to privatise TalkMed has received clearance from the Competition and Consumer Commission of Singapore; it has also been approved by shareholders.

TalkMed to delist from SGX on Sep 15

Scheme consideration payments have been made to shareholders

CosmoSteel's outgoing chief executive officer and executive director Ong Tong Hai called 3HA Capital's initial S$0.20 per share offer price unfair. He said it undervalued the company’s recovery trajectory, assets and potential.

3HA Capital to privatise watch-listed CosmoSteel after buyout offer accepted

The group behind the offeror includes Tokyo-listed Hanwa Co, which owns a 31.6% stake in the piping-systems provider

Evergrande appears set to be delisted from the Hong Kong bourse as a result of its failure to meet the exchange’s rules on resumption of trading within 18 months of the commencement of trading suspension.
ANALYSIS

As Evergrande faces delisting, China property debt revamp drags on

The delisting of the company adds to mounting gloom in the property sector, as peers rush to restructure debt and stave off liquidation through creditor backing

With the percentage of Ban Leong’s total issued shares held in public hands having fallen below the Singapore Exchange’s 10% free float requirement, the counter will be suspended from trading as at 9 am on Thursday.

Ban Leong Technologies privatisation offer closes with 96.6% valid acceptances

The offeror, a unit of Nasdaq-listed GCL Global, plans to compulsorily acquire all remaining unacquired shares and delist the company