UE E&C

Re: UE E&C

Postby behappyalways » Sat Oct 04, 2014 12:35 pm

I remember a few mths ago, share price was hovering around $1.20(before 7 cents dividend) when news broke that there was a discussion on sale of UE E&C but I guess the deal the offer did not go thru as the price was deem too low. My guess is that the offer price then should be also around $1.25. But now with lower profit margin and disappointment sales of The Crest (property), I guess UE decided to take the bite at this price.....


Offer at $1.25
http://infopub.sgx.com/FileOpen/Possibl ... eID=317219
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: UE E&C

Postby behappyalways » Wed Oct 15, 2014 1:33 pm

Update: The Crest Sept 2014
Cumulative Units Sold to-date: 49
Median Price ($psf) in the Month:
Units sold in the month: 0
Cumulative Units Launched but Unsold: 83
Total Number of Units: 469
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: UE E&C

Postby behappyalways » Fri Nov 14, 2014 5:58 pm

Change in Interest of Substantial Shareholder
http://infopub.sgx.com/FileOpen/141114S ... eID=324792
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: UE E&C

Postby behappyalways » Sat Nov 15, 2014 7:28 pm

Not vested

If I am not wrong Tong Teik could have paid more than $1.25 for some of its shares so Tong Teik is not in coordinated effort else Universal EC Investments would have to revised its offer upwards. Either Tong Teik feels that the price offer at $1.25 is too low or that it wants to block the delisting. One way I guess it is doing it is to make UE E&C share price above $1.25 before UE's EGM so that shareholders of UE might vote against selling.

But I guess it is a futile effort and most likely Universal EC will become the significant shareholder of UE E&C. I doubt Universal EC will upped the price offer. It can dilute the other parties by share options, share buyback and etc once it control the company. Most probably UE E&C share price will hold above $1.25 for a while then drop once the conditional offer by Universal EC is over and delisting is not approved. Unless Tong Teik continues to buy after that period to pop up the price but it would be a futile effort. Throwing good money against bad money without gaining control.

behappyalways wrote:Change in Interest of Substantial Shareholder
http://infopub.sgx.com/FileOpen/141114S ... eID=324792
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: UE E&C

Postby behappyalways » Fri Nov 28, 2014 5:41 pm

Voluntary Tender/ Acquisition/ Takeover/ Purchase Offer
http://infopub.sgx.com/FileOpen/FirmOff ... eID=326347


Extraordinary/ Special General Meeting
http://infopub.sgx.com/FileOpen/EGM%20R ... eID=326331
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: UE E&C

Postby behappyalways » Thu Aug 26, 2021 5:19 pm

5 BTO projects in Bukit Batok, Clementi, Bukit Panjang and Woodlands face further delays as contractor goes bust
https://www.straitstimes.com/singapore/ ... ce-further


Greatearth, formerly listed on the Singapore Exchange mainboard as UE E&C, is behind some of Singapore’s most recognisable landmarks including the Raffles Town Club, NUS Cultural Centre, and Mount Elizabeth Hospital.

A new era of growth
https://www.businesstimes.com.sg/hub-pr ... -of-growth
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Previous

Return to U to Z

Who is online

Users browsing this forum: No registered users and 4 guests

cron