ttj holdings
Investor activism may be key to reviving market
Forget about independent financial advisers and independent directors – a dose of aggressive shareholder activism might be the answer to lowball offers
Lessons from the voluntary cash offer for TTJ
THE lowball privatisation offer for construction engineering company TTJ Holdings was declared unconditional earlier this month, as the level of acceptances pushed the offeror’s stake past the 90 per ...
TTJ offer: IFA, directors unexpectedly adopt pro-minority stance; regulators should too
MINORITY shareholders of TTJ Holdings might have been surprised to learn last week that the company’s board is recommending they reject the cash offer of S$0.23 per share from THC Venture, a privately...
No increase in S$0.23 offer price for TTJ
THC Venture, which has made a bid to privatise structural steel specialist TTJ Holdings, does not intend to raise its offer price of S$0.23 per share, it said in a Wednesday (Jun 29) bourse filing.
TTJ Holdings privatisation offer by executive chairman turns unconditional
THE voluntary conditional cash offer to privatise TTJ Holdings from THC Venture – an investment holding company held solely by TTJ’s executive chairman Teo Hock Chwee – has turned unconditional, the c...
TTJ Holdings privatisation offer closing date extended to Jul 22
THC Venture announced in a bourse filing on Thursday (Jul 7) that it has extended the closing date of its privatisation offer for TTJ Holdings from Jul 8 to Jul 22.
TTJ directors recommend shareholders reject offer, after IFA deems it ‘not fair, not reasonable’
IN A surprising move, 4 directors of structural steel specialist TTJ Holdings are recommending that shareholders reject the recent privatisation offer of S$0.23 in cash per share made by THC Venture, ...
BT Mark to Market: The compulsory acquisition loophole (Ep 20)
Major shareholders utilise a well-known loophole to take their companies private more easily, lowballing minor investors. Ben Paul explains what investors should do.
Review of compulsory acquisition requirements underway
WE REFER to the letters, “Takeover loophole disadvantages minority shareholders of TTJ Holdings” by Mano Sabnani published on May 25, “TTJ privatisation offer ‘unfair’” by Patrick Wright published on ...
Compulsory acquisition loophole back in spotlight as TTJ minorities get lowball offer
While amendments to the Companies Act have been recommended, regulators have not challenged a market practice that’s clearly not in keeping with the spirit of the law
