second chance properties

Second Chance loses free float; offeror to exercise right of compulsory acquisition

Shareholders who have not accepted the offer of S$0.30 a share have until 5.30 pm on Sep 27 to do so

 Mohamed Salleh and four other shareholders of Second Chance Properties, holding nearly 85.1 per cent of its shares, have agreed to accept the offer.
MARK TO MARKET

Should minorities accept Second Chance offer?

There may be little point continuing to ride along with the company’s founder, if his current focus on listed stocks is not possible under SGX listing rules

The offer by Mohamed Salleh, the founder and chief executive of Second Chance, and his family represents a premium of about 39.5 per cent over the counter’s last traded price of S$0.215 on Jul 9.

Hot stock: Second Chance up 40% on potential privatisation by founder’s family

Mohamed Salleh and his family are looking to take the company private at S$0.30 per share

The offer price represents a premium of about 39.5 per cent over the company's last traded price on Jul 9.

Mohamed Salleh and family offer to take Second Chance private at S$0.30 per share

They say shareholders can make a ‘clean cash exit’ and realise their investment at a premium

The company's H1 gold revenue falls 8.3 per cent to S$8.5 million, but net profit rises 33.8 per cent to S$1.9 million.

Second Chance Properties H1 profit falls 52.8% to S$4.3 million

SECOND Chance Properties posted a 52.8 per cent fall in its net profit to S$4.3 million for its first half ended Feb 29, 2024, from S$9.2 million a year earlier.

The expected decrease in first-half earnings is likely due to lower gains on disposal of investment properties.

Second Chance Properties expects H1 net profit to ‘decrease significantly’

MAINBOARD-LISTED company Second Chance Properties expects net profit for its first half ended Feb 29, 2024 to “decrease significantly” on year.

The board has proposed a final dividend of 0.55 cent per share.

Second Chance posts 8.9% rise in H2 earnings to S$10.4 million

MAINBOARD-LISTED company Second Chance Properties posted a net profit of S$10.4 million for the second half of its financial year ended Aug 31, 2023, up 8.9 per cent from the S$9.6 million in the year...

The expected increase in net profit is due to the increased dividend income received in FY2023 on quoted securities as well as gain on disposal of investment properties, says Second Chance Properties.

Second Chance expects FY2023 net profit to ‘increase significantly’

REAL estate company Second Chance Properties has announced that the group’s net profit for the financial year ended Aug 31, 2023, will “increase significantly” when compared to the net profit of S$14....

Second Chance says its gold business will continue to remain profitable, and will operate in company-owned premises in City Plaza.

Second Chance Properties’ H1 net profit doubles on sale of investment properties

MAINBOARD-listed company Second Chance Properties’ net profit for the first half (H1) of its financial year ending Feb 28, 2023, doubled to S$9.2 million from S$4.6 million in the year-ago period.

The expected increase in net profit is due to the sale of a few investment properties. the company says.

Second Chance net profit for H1 2023 to ‘increase significantly’

REAL estate company Second Chance Properties announced that the group’s net profit for the first half of its financial year ending Feb 28, 2023, will “increase significantly” compared to the net profi...