penguin intl

From sails to wings: Maritime players innovate on fuel efficiency

The lower energy density of green shipping fuels hastens the need for such technology

Singapore stocks could become more interesting with some vision from controlling shareholders and more prescriptive guidelines for IFAs to ensure minority investors are properly compensated.
MARK TO MARKET

IFAs should use appropriate valuation basis to assess companies in take-private deals

Many companies own assets with private-market valuations that are plainly visible to public investors

James Tham, managing director of Penguin International.

Penguin International privatisation bid falls short with 88.92% shareholding

THE privatisation offer for Penguin International closed on Monday (Sept 25) with shares owned, controlled or agreed to be acquired by the offeror and its concert parties, and valid acceptances amount...

James Tham, managing director of Penguin International, is one of the three parties attempting to take the company private.

Penguin International’s privatisation offer extended for sixth and final time to Sep 25

THE closing date for the offer to acquire and delist Penguin International has been extended for the sixth and final time to 5.30 pm on Sep 25.

James Tham, managing director of Penguin International, is part of the consortium attempting to take the company private.

Privatisation offer for Penguin International extended for fifth time to Aug 31

THE closing date for the offer to take Penguin International private has been extended for the fifth time to 5.30 pm on Aug 31, the shipbuilder announced in a bourse filing on Wednesday (Aug 16).

As the offeror has not amassed control of more than 90 per cent of the total number of shares, it will not be able to compulsorily acquire all the shares from shareholders.

Penguin International’s privatisation offer receives 87.17% valid acceptances

THE offer to take Penguin International private on Monday (Aug 14) has received valid acceptances amounting to 191,924,607 shares, or approximately 87.17 per cent of the total number of shares in the ...

Penguin International expects rising costs of labour, equipment and materials, and stiff competition from other shipbuilders to rein in shipbuilding margins in the foreseeable future.

Penguin International H1 net profit down 28.5% to S$6.1 million

PENGUIN International posted a 28.5 per cent drop in net profit to S$6.1 million for its first half ended Jun 30, 2023, from S$8.5 million in the previous corresponding period.

James Tham, managing director of Penguin International, is part of the consortium attempting to take the company private.

Privatisation offer for Penguin extended again to Aug 17

THE closing date for the offer to acquire and delist shipbuilder Penguin International has been extended for a fourth time to 5.30 pm on Aug 17, the company said on Wednesday (Aug 2).

The offeror is a consortium comprising Penguin’s executive chairman Jeffrey Hing, managing director James Tham (above), and a special purpose vehicle under private equity firm Dymon Asia.

Penguin privatisation offer extended for the third time, to Aug 3

THE closing date for the offer to acquire and delist shipbuilder Penguin International has been extended for a third time to 5.30 pm on Aug 3, the company said on Monday (Jul 17).

The closing date for Penguin's privatisation offer has been extended by another two weeks to Jul 20.

Penguin privatisation offer extended again to Jul 20

THE closing date for the offer to acquire and delist Penguin International has been extended again to 5.30 pm on Jul 20, the company said on Wednesday (Jul 5).