iN  SINGAPORE  DEMO-CRACY,  HiGHEST  BIDDER  WINS;

LiKE  in  COE.

LAND  TENDER  tOO has  RESERVE  PRICE

YANGZIJIANG  is  DEFINITE  WINNER.

AFTER  YANGZIJIAN  acquired  15% PPL

SembMarine's  FUTURE  WiLL  be  dOwntUrNed

RESERVE   PRICE  is  USD155 Million 

NORMAL  SITUATION  wOuld  have  a  WARRANT  PREMIUM   of   say  S$0.010  instead.

That is,      S$0.255  vs  S$0.565

instead  of  S$0.205  vs  S$0.565

BAKER TECH  IR  REPLY CONFIRMED  THAT

BAKER  TECH  WARRANT  can  be CONVERTED at ANY TIME 

befOre its EXPiRY  DATE  2010 November 16th

It  is   an  AMERICAN  STYLE  WARRANT

NOT  an  EUROPEAN  STYLE  WARRANT

pharoah88      ( Date: 21-Apr-2010 13:45) Posted: SHARE  Vs  WARRANT  PRICE  ARBITRAGE When  SHARE PRICE  is  GREATER  than WARRANT PRICE  PLUS  EXERCISE  PRICE OF S$0.320, BUY  WARRANT  For  ARBITRAGE  PROFITS. E.G.   S$0.525  -  S$0.320  =  S$0.205 WARRANT  PRICE  is  ONLY  S$0.180 ARBITRAGE  PROFIT  = S$0.205  -  S$0.180                                                   = S$0.025 Whenever ARBITRAGE  GAP  exists, BUY  W121116  Warrant

REMEMBER  this  BIG  INVESTOR

******** BAKER TECH  WARRANT  is  AN  AMERICAN  STYLE  WARRANT

WHICH  CAN  BE  CONVERTED  ANY TIME  AT YOUR  WISH ********

I  met a group of  BAKER TECH  warrant unit  holders yesterday.

They have obtained the CONFIRMATION REPLY  from  BAKER TECH  IR as follows:

* * * * * * * *

Please see replies below in red.

There are some questions that I can’t answer as I do not have the complete set of information regarding your warrant holdings. Thus it would be good to ask Baker Tech’s warrant agent—Boardroom Corporate Advisory at  6536 5355; they will be able to offer further assistance.

Thanks.

Regards,

Junli

6236 6894

Begin forwarded message:

From:
Date: April 21, 2010 18:09:26 GMT+08:00
To: <enquiry@bakertech.com.sg>
Subject: * BAKER TECH  W121116 WARRANT *  [EXERCISE PRICE  S$0.320]

 

 

Dear  Sir / Madam

 

Good day!

 

When can  W121116 Warrant  holder convert their  warrants to  BAKER TECH Ordinary Shares?

 

The warrants can exercise at any time till 16 Nov 2012, which is the expiry date of the warrant.

 

What are the conversion procedure and steps ?

 

Baker Tech’s warrant agent: Boardroom Corporate Advisory (Tel: 6536 5355) will send you a exercise notice form for you to complete. Payment will have to be sent to Boardroom Corporate Advisory as well, but made payable to Baker Technology Limited.

 

Can the payment for Exercise Price be made in personal cheque ?

 

No.

 

Payment can be paid by made by a remittance of Banker’s Draft or Cashier Order drawn on a bank operating in Singapore; debiting the warrant holder’s CPF investment account with the CPF approved bank; combination of the two methods mentioned previously.

 

Can the conversion be made now ?

 

Conversion can be made any time you like actually.

 

How long will the conversion take ?

 

Please seek advice from Boardroom Advisory.

 

How to register the converted shares with the CDP ?

 

Please seek advice from Boardroom Advisory.

 

When can the converted shares start trading ?

 

When you have received the letter of notification from CDP, or when the shares are in the “free” balance of your securities account.

 

 

 

 

 

 

 

 

* * * * * * * *

WOW       WOW        WOW 

Baker Tech ACCEPTS Offer

SINGAPORE

In a filing on Friday, Baker said that it has received a binding letter of offer from Yangzijiang to buy the entire and paid up share capital of PPLH for US$155 million ($208 million).

Payment for the acquisition will be made in cash after the completion of the sale and purchase of the Sale Shares, the announcement said.

One condition of the agreement is an escrow agreement that requires the purchaser to deposit the Total Sum with an escrow agent.

*EXTREMELY  SMART  GOVERNANCE*

The sale of the shares is still subject to the approval of shareholders at an extraordinary general meeting to be convened.— Mainboardlisted Baker Technology said it has accepted Yangzijiang Shipbuilding’s offer to purchase Singapore- based PPL Holdings.

Millet Enriquez