Unisteel

Re: Unisteel

Postby iam802 » Thu Jun 05, 2008 12:49 pm

Update for Unisteel

http://info.sgx.com/webcorannc.nsf/ef3b ... enDocument
===

Unisteel Technology Limited (the “Company”) refers to the announcement of 2 May
2008 in which the Company informed shareholders that it had received preliminary
approaches from certain parties in relation to a proposed transaction relating to the
Company.

The Company wishes to inform shareholders that it has entered into advanced stages of
discussions on the possible transaction with one of those parties who had made the
preliminary approaches. A further announcement will be made when appropriate.
The halt in trading of the Company’s shares will also continue until further notice. When
the halt in trading of the Company’s shares is lifted, Shareholders are advised to refrain
from taking any action in respect of their shares in the Company which may be
prejudicial to their interests, and to exercise caution when dealing in the shares of the
Company.

An announcement will be issued by the Company in the event that there are any
material developments.

BY ORDER OF THE BOARD
Bernard Toh Bee Yong
Executive Chairman
Singapore, 5 June 2008
====
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Unisteel

Postby lioninvestor » Thu Jun 05, 2008 1:29 pm

Let's wait and see what price will be offered.

Capital group has sold down their stake significantly a few days running up to the suspension.
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Re: Unisteel

Postby winston » Thu Jun 05, 2008 8:55 pm

Not vested.

KKR in deal to buy Singapore's Unisteel: sources
Thu Jun 5, 2008 7:59am EDT

HONG KONG (Reuters) - Kohlberg Kravis Roberts & Co. has agreed to buy disk drive component maker Unisteel Technology (UNST.SI: Quote, Profile, Research), according to sources involved in the auction.

Shares of the Singapore-based company have been halted since Tuesday. The company said on Thursday that it has entered into advanced stages of a transaction with an unidentified group that approached the company.

Reuters sources identified the group as U.S. private equity giant KKR, which is in final negotiations with Unisteel.

Sources would not confirm how much KKR is paying for the company. Unisteel's market capitalization is $520 million
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Unisteel

Postby kennynah » Thu Jun 05, 2008 9:01 pm

Image

hello lioninvestor... wow...u look like a person i frequently see at cbd area... ok, next time, i walk up to you and say "hello".... ;)
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Re: Unisteel

Postby lioninvestor » Thu Jun 05, 2008 11:46 pm

eh kenny, I think my look is too common liao.

i hardly go CBD area. :geek:
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Re: Unisteel

Postby iam802 » Fri Jun 06, 2008 3:43 pm

Now, it is request for suspension.

http://info.sgx.com/webcorannc.nsf/ef3b ... enDocument

===
Unisteel Technology Limited (the “Company”) refers to its announcements on 2 May
2008 and 5 June 2008 in which the Company informed shareholders that it had entered
into advanced stages of discussions on the possible transaction with one of those
parties who had made the preliminary approaches referred to in its announcement on 2
May 2008. The Company wishes to advise that the transaction may or may not
materialise.


The Company has also requested for a suspension in trading of shares of the Company
until further notice. When the suspension in trading of the Company’s shares is lifted,
Shareholders are advised to refrain from taking any action in respect of their shares in
the Company which may be prejudicial to their interests, and to exercise caution when
dealing in the shares of the Company.

An announcement will be issued by the Company in the event that there are any
material developments.

BY ORDER OF THE BOARD
===
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Unisteel

Postby yeokiwi » Sat Jun 07, 2008 11:47 pm

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Re: Unisteel

Postby kennynah » Sat Jun 07, 2008 11:56 pm

lioninvestor wrote:eh kenny, I think my look is too common liao.

i hardly go CBD area. :geek:


Image

wah....like dat common look...i scared to walk around singapore man... hahaha...

lion : nice lion picture...very fierce... :o
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Re: Unisteel

Postby lioninvestor » Sun Jun 08, 2008 1:55 am

This lion is friendly lah..not fierce one. :D
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Re: Unisteel

Postby helios » Sun Jun 08, 2008 2:04 am

congrats on your earnings, dear Lion.

tidy profits :?:
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