second chance properties

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

 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.
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Should minorities accept Second Chance offer?

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

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

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

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’

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

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’

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

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’