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ruanlai Master	22-May-2007 18:52        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Mandatory Conditional Cash Offer   @1.10 by Metcomp Group Holdings
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go_francis Senior	22-May-2007 16:25        go_francis About Contact  Quote this Post!
x 0   x 0  Alert Admin	1. Date of change of Interest 21-05-2007     2. Name of Registered Holder -     3. Circumstance(s) giving rise to the interest or change in interest # Others     # Please specify details Deemed interest by virtue of being associated with CVC Capital Partners Asia Pacific II Parallel Fund - A, L.P. and CVC Capital Partners Asia Pacific II L.P. Under Section 7 of the Companies Act, Metcomp Holdings is deemed interested in all the shares in Amtek Engineering Ltd in which Metcomp Group Holdings has an interest.     4. Information relating to shares held in the name of the Registered Holder   No. of Shares held before the change 0   As a percentage of issued share capital 0 %   No. of Shares which are subject of this notice 135,007,230   As a percentage of issued share capital 28.81 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.10     No. of Shares held after the change 135,007,230   As a percentage of issued share capital 28.81 %
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go_francis Senior	22-May-2007 16:15        go_francis About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi  All the documents were lodged & details are shown on SGX website liao!
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tuntan8888 Senior	22-May-2007 16:13        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Lucky168, Hope you are right. There is still no detailed official announcement yet, But I heard the news (FM93.8) quite differently & was shocked. What I heard is this, Metcomp is a subsidiary of the private equity group (CVC Partners) and they have acquired from former chairman & executive directors of Amtek total of 28.81%. If this is true, SGX must investigate this matter seriously. Why these insders sold out at 1.10 when there are competing bids underway (as due diligence couldn't be finished so fast). The fomer chairman was charged for insider trading before and barred from Board sits (that's why "former" chairman, forced to resign then). If he don't come clean, he may go to jail. eg. Who can stop one from selling at low price to enable bidder to mount a cheap takeover and then receive under-table money elsewhere.
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lucky168 Veteran	22-May-2007 16:00        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think many are confused over the new development. But this is what I interpret personally. 1) Major shareholder Metcomp had sold 28.8% to CVC @$1.10 as per announced this morning. 2) I think the above was a different issue from what was announcement by Amtek previously. To recap, two parties had approached the Amtek board of directors directly indicating the interest in Amtek, & they are still conducting their due diligence on the company. My take is therefore their miniumum offer must exceed $1.10 to make it attractive to the board. Any comments welcome.
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tuntan8888 Senior	22-May-2007 15:30        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Disappointing new, at $1.10 it's too low, don't sell. It doesn't make sense that the executive director & former chairman sold to CVC Capital Partners at this price ($1.10), especially when they announced earlier there were competing bids. Very puzzling! This is NOT a general offer as yet (30% trigger point not reached yet). If the general offer is $1.10, it will fail.!  http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/c0ce3ecf043f817d482572e3000e8d36?OpenDocument
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interlaken Member	22-May-2007 14:18        interlaken About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree.  The directors still holding on to their shares.  Possible to have a bidding war??
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lucky168 Veteran	22-May-2007 13:58        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	price will hover ard $1.10, but if you can recall, there are more than one party interested in Amtek. Premium? I reckon so!
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hanwudi Member	22-May-2007 13:54        hanwudi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Price expected to move to $1.20 when trading resume. Then, towards $1.50
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ruanlai Master	22-May-2007 13:15        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	sohguanh , $1.10 is just a guide line for us to buy and if u wanna to ask for $1.30 or $1.40, u might accumulate all from the market the reminders of shares........then make a general offer lah........I sure will vest and support u.....Cheers!
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sohguanh Veteran	22-May-2007 12:51        sohguanh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is $1.10 a fair value? I was thinking it could go on towards $1.30 - $1.50
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ruanlai Master	22-May-2007 12:41        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Metcomp Group Holdings has entered into conditional sale and purchase agreements with existing shareholders of Amtek Engineering Ltd for off-market acquisition of an aggregate of 135,007,230 shares (28.81%) @ $1.10 in Amtek Engineering Ltd.
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stefano Member	22-May-2007 10:36        stefano About Contact  Quote this Post!
x 0   x 0  Alert Admin	i think this time the buyer is serious . otherwise who dare to ask sgx to halt the trading.  positive news coming . can't wait to know the results......
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choohian Senior	22-May-2007 09:48        choohian About Contact  Quote this Post!
x 0   x 0  Alert Admin	WOW! hanwudi, this giving me lots of confidence.  Thanks. Good to have you around. So too, tuntan8888 and lucky168.
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hanwudi Member	22-May-2007 09:38        hanwudi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Metcomp, based in Germany, is part of Europe?s largest distributor of semiconductor and computer products, serving both the industrial and telecom markets. Seems attractive deal.
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johnbrendan Member	22-May-2007 08:44        johnbrendan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yeah but never judge a book by its cover. I tried googling Metcomp and didn't have any luck finding out more about this guy. We'll just have to wait and see
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tuntan8888 Senior	22-May-2007 08:25        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Does this name ring a bell, METCOMP S PTE LTD?. Doesn't sound like a buyer, but never judge a book by its color. Cheers to everyone.! http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/1e1ca610f39e9732482572e200803cce?OpenDocument
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johnbrendan Member	22-May-2007 07:36        johnbrendan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ladies and Gentlemen, we have a TRADING HALT NOW. Keep glued to the screen and your seat.
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interlaken Member	21-May-2007 20:54        interlaken About Contact  Quote this Post!
x 0   x 0  Alert Admin	lucky168, thanks.  Hope we all as lucky as your name and look forward to $1.50!!
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francisd Veteran	21-May-2007 19:56        francisd About Contact  Quote this Post! Style: Combined   Mood: Yells: "BUY LOW SELL HIGH"
x 0   x 0  Alert Admin	Head today afternoon on the radio, that they posted good results for th last quater.  Anyone can confirm.  This may push the price higher.
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