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Andrew ( Date: 19-Dec-2009 00:34) Posted:
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The deal has been unconditional and the supreme courts has granted ATIC to buy all the shares.
Letter of acceptance is no long necessary. If I am not wrong, you will get your monies by 28 Dec 2009. If you have a GIRO service with CDP, they will credit to your bank on the same day. if not, you will get a cheque later.
If you need more clarification, why not call them.....
Morgan Stanley Asia (Singapore) Pte.
Tel: +65 6834 6707
Fax: +65 6834 6898
Address: 23 Church Street
#16-01 Capital Square
Singapore 049481
Citigroup Global Markets Singapore Pte. Ltd.
Tel: +65 6432 1955
Fax: +65 6432 1239
Address: 3 Temasek Avenue
#17-00 Centennial Tower
Singapore 039190
chunster ( Date: 19-Dec-2009 00:02) Posted:
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Hi experts out there, have some shares in this counter but did not monitor this for sometime. Realised it is delisted today from the news but dun recall receiving any acceptance offer letter for my shares. Did I miss the letter or do we expect it to come soon and is the sale automatic upon delisting?
Can anyone advise? Thank you in advance.
abu dabi gotta bail out its brother dubai..
got money to takeover a not..
sell back to temasek @ a loss? keke
Bro, before delisted will chartered send us any acceptance offer letter or we require to sell the share on market before 14 Dec 2009 ?
When a company is privatized, it becomes a private limited company. As a holder of shares of a private limited company, you can no longer sell the shares as there is no market for it. So unless somebody later on wants to offer to buy your shares, you can then decide on it, but this may not happen at all. If you hold a private limited company's shares in your name, you will still receive annual reports from the company unless the law of the original country where they first incorporated the company before it listed or otherwise the bye-laws of the company state otherwise. However as shareholder or member of the company, you can still attend their annual general meeting or extraordinary meeting.
Basically if you are only interested in trading, i.e. buying and selling of shares for its own sake, it is not commonly advisable to hold on to private share holdings unless you are a director or permanent employee of the company that you know will benefit you as a member and employee.
So it is advisable to give up no matter the price. Nowadays most business people are too smart for small investors like us. When the company loses money, we suffer and lateron they will use excuse to buy cheaply from us because the company is on record losing money. But once no longer listed, you can see them profitting "with flying colours". Look at those companies already delisted. They really make it big. Lament is too late. Should not invest too much in stock markets.
Finally, the date for Delisting of the Company is fixed - 14 Dec'2009 5pm.
CHARTERED SEMICONDUCTOR MFGLTD - Form 6-k - 27.11.09
Confirmation from the SGX-ST on the Last Day of Trading and the Date of Delisting of the Company
(1) the last day and time of trading of the Company Shares on the SGX-ST being 14 December 2009 at 5pm; and
(2) the date the Company is delisted from the Official List of the SGX-ST being 29 December 2009
tradersgx ( Date: 28-Nov-2009 02:03) Posted:
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For the 9 months ended 30.09.2009,
Chartered SemiCond reported a -23.0% in revenue to $1,425.6 million (vs 9 mths FY08 revenue of $1,851.6 million)
and fall in to loss of -$213.0 million (vs 9 mths FY08 profit of $19.7 million)
tradersgx ( Date: 13-Nov-2009 00:26) Posted:
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| Chartered SemiCond | ---3 mths ended Sep 2009--- | Net Loss (S$M)--- | -$10.35 |
Hi anyone out there,
On 14/10 Dodge & Cox sold of 30,797000shares. I suppose it's a fund management. Shall we still be hopeful that the US's fund management which is holding more than 8% of CharterSC will fight for higher price since other fund management gave up....
Still stuck with some shares, in the dilema of selling off. By the way, if one doesn't act and when the take over is through, one will still be getting it at $2.62, will it.
rabbitfoot ( Date: 13-Sep-2009 18:20) Posted:
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Temasek to invest in S.Korea Seoul Semicon, affiliate
SEOUL, Nov 3 - Singapore's state investor Temasek [TEM.UL] will invest 284.7 billion won to buy shares in South Korean light emitting diode company Seoul Semiconductor <046890.KQ> and its affiliate, a brokerage that advised on the sale on Tuesday.
Daishin Securities said in a statement that Temasek would acquire a 12 percent stake in Seoul Semiconductor and a 9 percent stake in affiliate Seoul Optodevice and keep the holdings for at least one year. (Reporting by Kim Yeon-hee; Writing by Rhee So-eui; Editing by Jonathan Hopfner)
?? What do you (Chartered) think ??
Chartered's forecast Q3 loss should be higher: KPMG
Outlook needs to include expected US$8.2m expenses linked to ATIC move
CHARTERED Semiconductor Manufacturing, which expects an expense of US$8.2 million relating to the proposed
acquisition of the Singapore chip foundry by Advanced Technology Investment Company (ATIC), should have
recognised this expense in its recent third-quarter financial performance forecast.
Independent external auditors KPMG said this in a letter dated Sept 22 to Chartered's directors.
This means that the projected range of quarterly net loss should be US$8.2 million to US$16.2 million, instead of a
net loss of up to US$8 million as forecast in the updated third-quarter outlook issued on Sept 7.
'In our opinion, this amount (US$8.2 million) should be recognised as an expense in the outlook in accordance with
accounting policies normally adopted by the group,' KPMG said after reviewing the outlook figures.... (BT - 24Sep09)
The takeover is almost a done deal. ST, which holds 62.28% has given its irrevocable undertaking to support this deal. With 62.28% in the bag (more than 50%), ATIC has to make an unconditional offer to buy the rest of the shares at the same price. Shareholders can either accept or reject the offer. Howewer, if ATIC holding is more than 90%, it can exercise its right for compulsory acquisation.
Taking Chartered private is another mater. One criterion is that not more than 10% should oppose this deal, otherwise it will fail.
rabbitfoot ( Date: 13-Sep-2009 18:20) Posted:
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