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Design Studio: Acquisition Of DDS Group.
28 Nov 2011 09:58
Design Studio Furniture Manufacturer Ltd wishes to announce that the Company has entered into a conditional sale and purchase agreement to acquire 2,750,000 issued ordinary shares in the capital of its associate company, DDS Asia Holdings Pte. Ltd. from its controlling shareholder, DEPA Interiors LLC at an aggregate purchase price of S$15,125,000. The Sale Shares represent the 55% shareholding interest in DDS not already owned by the Company. Following the completion of the Sale and Purchase Agreement, DDS will become a wholly-owned subsidiary of the Company and DEPA will cease to hold DDS Shares. DDS is a joint venture company set up by both the Company and DEPA in 2008...
More information available here
| DESIGN STUDIO: Higher price of 65 cents now offered by Depa |
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| Written by Leong Chan Teik |
| Tuesday, 03 August 2010 |
Design Studio had a project in Burj Dubai.
THE NEAR-INEVITABLE has happened.
After seeing practically no take-up of its buyout offer at 55 cents, Depa Interiors last night raised its offer price for all the shares of Design Studio Furniture Manufacturer it does not own.
The new price is 65 cents a share, a 18.18% jump from 55 cents.
The revised offer came after it and its concert parties made an off-market acquisition yesterday (Aug 2) of 64,001,000 shares at 65 cents a share.
That represents 25.08% of the company.
It is not known yet who the seller or sellers of the shares were.
As a result of the transaction, Depa now controls 130,737,000 shares or 51.22% of Design Studio.
That also leads to the nature of the offer being changed from a voluntary offer to a mandatory offer.
Interestingly, Depa said it reserves the right to further revise the revised offer price at any time in accordance with the Singapore Code on Takeovers and Mergers, and/or in the situation where there are competing offers.
The latter scenario cannot be ruled out given that there has been a substantial volume of trades done above 55 cents after Depa made its original offer in late June.
Recent story when the offer price was at 55 cents a share: DESIGN STUDIO shareholders advised to reject Depa's buyout offer |
Sorry to say but their analysis usually very way off or doesn't happen. Not for me.
focusy ( Date: 16-Mar-2010 12:12) Posted:
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“In our view, Depa has to raise its offer price to gain control of this crown jewel. Maintain BUY and TP of 90 cents ."
Pauline Lee is bullish on Design Studio.
http://www.nextinsight.biz/content/view/2641/60/
offer 55cents per share...too low for me to acept the offer...
Kim Eng's latest report was issued after an analysts' luncheon with the CEO & other management.
I see it is uploaded at
http://www.nextinsight.net/component/option,com_fireboard/Itemid,67/func,view/id,1685/catid,3/limit,6/limitstart,24/
the stock price has risen nicely as more news was released about its orderbook, contracts, and financial results. that's why investing in not so liquid stocks is ok if you are confident of the performance of the business.
kim eng analyst said the Q3 results were stunning! i read this at
www.nextinsight.net today.....
target : 90 cents.
now only 59.5 cents with dividend yield of nearly 6%.
51 Cents now.
Take a look. Another strong break out this morning with heavy volume. Something brewing??
nice & big married deal today. looks bullish
| 15:10:40 |
0.315 |
50,000 |
Buy Up |
| 14:46:55 |
0.315 |
20,000 |
Buy Up |
| 11:57:16 |
0.310 |
1,000,000 |
X |
| 10:14:49 |
0.315 |
10,000 |
Buy Up |
Design Studio has won another contract at Burj Dubai, which surely is a strong signal of its capabilities.
www.nextinsight.com.sg has a report on that.
the counter is without any interested player... haiz.. thought will be a spike in price cos there is no buy up even before the news and tot there will be chasing this stock.. till noon... only miserable 224 lots transacted/.... sian....
how to cheers???
News is out....
Design Studio going into JV with Dubai based company Depa United Group to target Southeast Asia?s boom in hospitality & commercial projects fitting-out.
See press release here :
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F057DC8067077BFE4825741E001B1636/$file/DDSPressRelease.pdf?openelement
Trading halted pending announcement....
Hope its good news....vested
Design Studio scores more multi-million dollar contracts to bring order book to S$152.4 million
Singapore, 7th January 2008
Especially noteworthy is Design Studio?s success in Dubai, clinching not one but two high-end projects ? the Burj Dubai and the Ritz-Carlton Hotel & Service Apartments in Dubai International Financial Centre ("DIFC"). With the Burj Dubai, the Company won a new S$9.4 million contract to supply and install main entrance doors and frames to 899 units of luxury apartments, as well as the common corridor wall panels to the project. The Burj Dubai is slated to be the world?s tallest building when completed, and is set to redefine ?luxury? in high-rise residential living. This is the second contract that Design Studio has been awarded to supply and install joinery products. In April 2007, the Company won a S$9.4 million contract to supply and install kitchen cabinets for the development.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6D83D9204582C84A482573C900369055/$file/DSFNewsRelease.pdf?openelement
? Main board-listed Design Studio Furniture Manufacturer Ltd (Design Studio), Singapore?s leading premier furniture manufacturer, product and interior fitting out specialist, closes 2007 on a high note, securing new orders worth $52.2 million bringing its order book as at 31 December 2007 standing at a impressive $152.4 million. With new projects on the horizon, the order book looks set to increase in 2008.
Congrats guys for your strong faith into DS.
Have been busy with work. No time to post.
I think at current 0.66/0.665 time to take off partial profit off the table.
Reason for rise:
Singapore aims to treble its share of the world furniture export market frm 0.7% currently to 2% by 2015. The industry has sinks S$17m in one-stop shop to boost exports and drive product development. Another projected S$45m will be pumped into building the Sungei Kadut furniture hub over the next five years.
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This is the closest news that i have known.
Other contract win's I'm not sure yet.
Design Studio rose on talks that it may soon announce some contract wins.
upside is limited. contracts for IR interior furnishing most likely will only come in in 2009!
Its time to accumulate on weakness.
Indicators are still bearish.
Just hold on first.
