Ha ha, learning has no miles stone one.

As far as one lives, fr infant to snr citizen, like AK, ampteen new and interesting stuff to learn and ponder about. And subsequently, filter and archieve them, until d last 8 bits of data memory used up in both right and left brain.

Cheers. 

Ha ha, brother, u only worry if u hold Evergro share, esp u got it above 29cts. If u got it below 29 cts, then your call to forgo your existing holding to take in profit, esp u dun believe KepLand will cheong, in future, after the merger.

On the other hand, if u believe that KepLand will spear into the right track of biz, then opting the converting script is not a bad idea liao, esp u got d burger above 29 cts, couples of mth back.  

Above, only AK veiw, no calling.

News For Kepland Investor:

Keppel Land: Buy (DMG, 13 July)
Keppel Land announced the proposed delisting of Evergro Properties, its 85.4%-owned subsidiary. Under the delisting proposal, KepLand will make an exit offer for the 14.6% of Evergro's share capital which it does not own. KepLand’s exit offer consideration involves either (1) 0.1429 shares in Keppel Land or (2) S$0.29 (16.0% premium to last closing price of S$0.25) in cash for every unowned Evergro share. Management believes the move will help to combine both companies' extensive networks, operational expertise and industry knowledge, thus providing Keppel Land with a stronger platform to maximize the potential of their existing portfolio and collective strengths. Given that the counter is thinly traded (~ 50,000 – 80,000 shares traded per day on a three to six month basis) and its last closing price already represents its 52-wk high trading price, we implore Evergro shareholders to take up Keppel Land’s exit offer. We maintain our BUY rating for Keppel Land at S$2.98, at parity to its end-FY10 RNAV.

The benefits:

'By combining the operational expertise, industry knowledge and extensive networks of both companies, Keppel Land will be in an even stronger position to capture opportunities and growth in China,' said Kevin Wong, group chief executive officer of Keppel Land.

'It provides us with a stronger platform to maximise the potential of our existing portfolio and collective strengths as we continue to grow Keppel Land as the choice developer of homes in China.'

D date of EOGM not fix yet, till share holders rcv d option's letter, in due course. As trading usual, entitlement would be given before XD of any offer. As for payment and other entitlement as endorsed, will be different.

A share of EP for 29 cts cash or 0.1429 share of KepLd ord share, your choice liao, if u dun take d abovementioned benefits in future. 

Btw this week will be an interesting week with quite a number of news affecting the STI index to be released.

May have positive impact on Kepland too, if the news are positive one. Let monitor first.

Hi dealer,

My view is similar with other birds in this kind of case. Plus a one more point to further support my view:

1st - TA:  uses 50MA, last 2 days, kepland fail to hold above 50MA. Tracking the performance of other blue chip property counter, most of them fall below 50MA also. 50MA might become a temp. resistance px for these property counters together with weaker mkt sentiment, it will find it hard to cross back above in short term. And MACD nt yet in sight of turning.

But I believe its correction will soon be over. Standby your ammo if you are interested in this counter.. ;)

BTW the symtoms they mentioned is fr when one company acquired the other company.

Actually I am a investor for Kepland also, i hope this news got instant positive impact on its stock value.

Ooo, besides from freeme, i also heard from some old birds in the forum say such symtoms may occurred.

But may not happen also lah. Let see tomorrow how Kepland react.

Emm i will say a slide in price b4 reverse. A further fall sound too expensive for acquiring of other company (which should be a positive news).

BTW my opinion on Kepland, is currently it is still under correction. Now let see what the impact of this news to the stock.

Let continue monitoring & see first.............