The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

Investors should be wary of taking a bite into Sakae despite price surge

google-preferred-sourceAdd BT as a preferred source
Tay Peck Gek

Tay Peck Gek

Published Tue, Aug 8, 2023 · 05:00 AM
    • Sakae Holdings offers corporate advisory services and Japanese cuisine.
    • Sakae Holdings offers corporate advisory services and Japanese cuisine. PHOTO: TAY PECK GEK

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SAKAE Holdings executive chairman and controlling shareholder Douglas Foo’s proposed sale of a 20 per cent stake in the company for S$26.5 million might have raised some eyebrows.

    Sakae’s shares closed at S$0.099 on Jul 18, a day before this proposed deal was announced. This translated to a market capitalisation of only about S$13.7 million.

    The premium that Makara Capital is proposing to pay for the nearly 27.8 million shares in the mainboard-listed company is over nine times of that closing price.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hock Lock SiewSakae Holdings

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    DPM Gan Kim Yong said the question is not whether shocks will occur in future, but whether Singapore's systems are able to absorb them, and continue to function.

    DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More