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Statschip trading halt
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singaporegal
Supreme |
01-Mar-2007 17:05
Yells: "Female TA nut" |
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Wow... what's happening to this counter? |
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l_tan888
Senior |
01-Mar-2007 16:14
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patseow8, wow, bought at $4.57 ah? sorry I didn't do a research on this counter. then I sympathize with you man. but still, luckily it's only 3 lots. |
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dcang84
Veteran |
01-Mar-2007 16:09
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patseow8, Lucky only 3 lots and not 30 lots. Wow, you've been holding it since 2000? You should go and dig the CEO's eyes out. No dividend some more. |
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patseow8
Member |
01-Mar-2007 14:58
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yah lah.. not fair to ppl like us, still having 3 lots bought @$4.57 since 26/06/2000 |
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l_tan888
Senior |
01-Mar-2007 14:58
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Sooner or later they have to sell Shin Corp. So where to park that money? Statschp is one of those shortlisted counter lah. |
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dcang84
Veteran |
01-Mar-2007 14:54
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<Why this move by Temasek when they said before they wanted to reduce their "non-core" holdings ?????> You can never take their word at face value. They will come up with some silly reason to justify the takeover. Isn't the offer for $1.75 abit too low? |
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l_tan888
Senior |
01-Mar-2007 14:42
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wah, those who bought this yesterday, today strike gold man. better than 4D. |
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jackjames
Elite |
01-Mar-2007 14:24
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walau cheong 22% up, anyone vested? congratulations man... what a stock.. |
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smltimer
Senior |
01-Mar-2007 13:47
Yells: "So what does the crystal ball say ......." |
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Thanks....lets see how high can cheong! |
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huatar
Member |
01-Mar-2007 13:23
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Yes, halt lifted at 1400hrs. ;) U can see in SGX webbie. |
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smltimer
Senior |
01-Mar-2007 13:05
Yells: "So what does the crystal ball say ......." |
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Has the halt been removed, as i dont see the 'H' under remark for poems. |
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rabbitfoot
Veteran |
01-Mar-2007 12:57
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Will Stats be delisted ? Why this move by Temasek when they said before they wanted to reduce their "non-core" holdings ????? |
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spheng
Member |
01-Mar-2007 11:24
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Smltimer, the news can be found in Reuters webby... |
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smltimer
Senior |
01-Mar-2007 11:00
Yells: "So what does the crystal ball say ......." |
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LPlate, where u got the info? ... i went sgx website also cannot find. |
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smltimer
Senior |
01-Mar-2007 09:10
Yells: "So what does the crystal ball say ......." |
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LPlate....thats good news right? So when the halt cease? |
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LPlate
Member |
01-Mar-2007 08:53
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Singapore, 1 March 2007 ? Temasek Holdings (Pte) Ltd (?Temasek?) wholly owned subsidiary Singapore Technologies Semiconductors Pte Ltd (?STS?) today announced its intention to launch a voluntary conditional cash offer for the remaining shares (including shares represented by American Depositary Shares (?ADS?)) in STATS ChipPAC Ltd. (?STATS ChipPAC,? SGX-ST: STATSChP, Nasdaq: STTS) that STS does not already own (the ?Offer?). STS currently has an approximate 35.6% stake in STATS ChipPAC. The Offer Price is S$1.75 for each share and S$17.50 (1) for each ADS in cash. The Offer Price of S$1.75 in cash for each share represents a 18.2% premium over the closing price of STATS ChipPAC?s shares on the Singapore Exchange Securities Trading Limited (?SGX-ST?) on 28 February 2007, a 40.5% premium over STATS ChipPAC?s average closing share price during the past three months and a 55.1% premium over STATS ChipPAC?s average closing share price during the past six months. The Offer will be conditioned upon, among other matters, STS receiving acceptances of such number of shares which, together with all other shares owned, acquired or agreed to be acquired by STS, would represent more than 50 per cent of the total outstanding shares of STATS ChipPAC following the close of the Offer. If shares tendered into the Offer result in STS owning at least 90 per cent of outstanding shares in STATS ChipPAC (other than those owned by STS and its related corporations at the commencement of the Offer), STS intends to offer a higher purchase price of S$1.88 per share or S$18.80 per ADS(2) to all shareholders who accept the Offer, regardless of when their shares are tendered. This higher offer price would represent a 27.0% premium over the closing price of STATS ChipPAC?s shares on the SGX-ST on 28 February 2007, a 51.0% premium over STATS ChipPAC?s average closing share price during the past three months and a 66.6% premium over STATS ChipPAC?s average closing share price during the past six months. The Offer would also include an offer by STS for STATS ChipPAC?s outstanding US$115,000,000 Convertible Notes due 2008 and US$150,000,000 2.50% Convertible Notes due 2008. The offer for the convertible notes is conditioned on the offer for the shares becoming unconditional in all respects. STS has been a long-term shareholder of STATS ChipPAC and continues to believe in the prospects of the company. STS would like to increase its shareholding in STATS ChipPAC. -- ends -- |
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LPlate
Member |
01-Mar-2007 08:51
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STE cash offerS$1.75 to S$1.88. |
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smltimer
Senior |
01-Mar-2007 08:38
Yells: "So what does the crystal ball say ......." |
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Anyone any idea the halt? Pending announcement...... |
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