Ocean Sky Intl    Last:0.026   -

Ocean Sky could be the next multiplier

NAV after the 13c dividend is : 11.62c

Offer price of 10.8c   is 7.6% discount to NAV

WanSiTong      ( Date: 30-Sep-2013 11:33) Posted: Pls read carefully this morning SGX Announcement No 35. Offer price only 10.8c Trade with care ! Huat arh........... ruready      ( Date: 30-Sep-2013 11:16) Posted: Now the good news cannot move the price,,,,,,,,,market is it very tire

 

Pls read carefully this morning SGX Announcement No 35.

Offer price only 10.8c

Trade with care ! Huat arh...........

ruready      ( Date: 30-Sep-2013 11:16) Posted: Now the good news cannot move the price,,,,,,,,,market is it very tire

 

could it be those contra players who get trap by the halt selling off now? 

after this bloodbath should move up 

 

Now the good news cannot move the price,,,,,,,,,market is it very tire

 

Take profit first until the dust is settled.

 

The potential of OS cannot be under estimated.

Huat arh!

 

WanSiTong      ( Date: 30-Sep-2013 10:38) Posted:   3. DETAILS OF THE OFFER 3.1. Terms of the Offer. In accordance with Section 139 of the SFA and Rule 14 of the Code, and subject to the satisfaction of the Conditions Precedent and the occurrence of Completion, the Offeror will on Completion make the Offer for all the Shares other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it (the " Offer Shares" ) on the following basis: For each Offer Share: S$0.108 in cash (the " Offer Price" ). The Offeror does not intend to revise the Offer Price.

 

 

4. FINANCIAL EVALUATION OF THE OFFER

4.1. Evaluation of the Offer Price. The Offer Price represents a discount over the recent market prices of the Shares. Specifically, the Offer Price represents the following discount:

Benchmark Price(1)		Discount of Offer Price to the benchmark Price
(i)	Last transacted price as quoted on the SGX-ST on 24 September 2013, being the latest date on which the Shares were traded prior to the date of this Announcement	S$0.379	71.50%
(ii)	VWAP for the one-week period up to 24 September 2013	S$0.354	69.47%
(iii)	VWAP for the one-month period up to 24 September 2013	S$0.323	66.56%
(iv)	VWAP for the three-month period up to 24 September 2013	S$0.310	65.16%
(v)	VWAP for the six-month period up to 24 September 2013	S$0.293	63.14%
(vi)	VWAP for the twelve-month period up to 24 September 2013	S$0.275	60.73%

Note:

(1) The figures set out in this paragraph 4.1 are based on data extracted from Bloomberg.

 

WanSiTong      ( Date: 30-Sep-2013 10:38) Posted:   3. DETAILS OF THE OFFER 3.1. Terms of the Offer. In accordance with Section 139 of the SFA and Rule 14 of the Code, and subject to the satisfaction of the Conditions Precedent and the occurrence of Completion, the Offeror will on Completion make the Offer for all the Shares other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it (the " Offer Shares" ) on the following basis: For each Offer Share: S$0.108 in cash (the " Offer Price" ). The Offeror does not intend to revise the Offer Price.

 

 

3. DETAILS OF THE OFFER

3.1. Terms of the Offer. In accordance with Section 139 of the SFA and Rule 14 of the Code, and subject to the satisfaction of the Conditions Precedent and the occurrence of Completion, the Offeror will on Completion make the Offer for all the Shares other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with it (the " Offer Shares" ) on the following basis:

For each Offer Share: S$0.108 in cash (the " Offer Price" ).

The Offeror does not intend to revise the Offer Price.

 

 

 

lifting of halt at 11am.

huat arh!

 

wah... Power! Ezion growing bigger..  more acquistions.. OS going to huat huat too..

  looks like can consider to go in to invest long term in this bugger..(" ,)

 

Announcement out liao

http://infopub.sgx.com/FileOpen/OSIL_Announcement_Acquisition_Subscription_Options_Placement.ashx?App=Announcement& FileID=257947

 

 

Ats is their remaining business investment left.This is quite a possible option.However judging from the nbr of days  halted for the 3 counters, the issue looks complex.Cld be M& A in the making.

teeth53      ( Date: 27-Sep-2013 11:28) Posted: Ocean Sky Int"l Ltd announced that the Co has entered into a conditional sale and purchase agreement dated Oct 29, 2012 with Mr Ang Boon Cheow Edward, Mr Ang Boon Chong and Mr Wong Siew Hui (collectively, the Vendors), pursuant to which the Company has agreed to acquire 30% of the issued share capital of Ang Tong Seng Brothers Enterprises Pte. Ltd. (ATS) from the Vendors for an aggregate cash consideration of S$3,053,255 (the Acquisition). ATS is a civil engineering and construction company which operates primarily in Singapore. Established in 1981, ATS has a track record of more than 30 years in the provision of engineering services such as earthwork, roadwork, drainage work, basement work and structural works involving demolition and underground infrastructure as well as other general building works. Subject to the terms and conditions of the Agreement, the Company has agreed to purchase and the Vendors have agreed to sell a total of 450,000 shares of ATS (the Sale Shares), representing 30% of its issued share capital, free from encumbrances and together with all rights, dividends, benefits and entitlements attaching thereto, for an aggregate cash consideration of SGD3,053,255 (the Consideration), representing a purchase price of approximately SGD6.785 per Sale Share.  Full Article.... Octavia      ( Date: 26-Sep-2013 21:41) Posted: Papasmurf,do you have the info link? Tks.Huat arh

 

just saw that sgx buy in 50lots of ocean sky today..

how they buy when it's still halted? just curious  

 

Is ATS selling to Ezion/YHM???. With their 30 yr experience in engineering n civil industry. It is quite possible.

 

Ocean Sky Int"l Ltd announced that the Co has entered into a conditional sale and purchase agreement dated Oct 29, 2012 with Mr Ang Boon Cheow Edward, Mr Ang Boon Chong and Mr Wong Siew Hui (collectively, the Vendors), pursuant to which the Company has agreed to acquire 30% of the issued share capital of Ang Tong Seng Brothers Enterprises Pte. Ltd. (ATS) from the Vendors for an aggregate cash consideration of S$3,053,255 (the Acquisition).

ATS is a civil engineering and construction company which operates primarily in Singapore. Established in 1981, ATS has a track record of more than 30 years in the provision of engineering services such as earthwork, roadwork, drainage work, basement work and structural works involving demolition and underground infrastructure as well as other general building works. Subject to the terms and conditions of the Agreement, the Company has agreed to purchase and the Vendors have agreed to sell a total of 450,000 shares of ATS (the Sale Shares), representing 30% of its issued share capital, free from encumbrances and together with all rights, dividends, benefits and entitlements attaching thereto, for an aggregate cash consideration of SGD3,053,255 (the Consideration), representing a purchase price of approximately SGD6.785 per Sale Share.  Full Article....

Octavia      ( Date: 26-Sep-2013 21:41) Posted: Papasmurf,do you have the info link? Tks.Huat arh! PapaSmurf      ( Date: 26-Sep-2013 20:55) Posted: Edward Ang finally nodded his head to join the hands of YHM and Ezion Congrats to those vested..........Deep deep pocket for you

 

Merge????...big news lohh. How much will BBs value YHM, another 50% premium????. Why BBs keep buying power so strong last push hit 0.075c for YHM.

crotciv      ( Date: 26-Sep-2013 22:22) Posted: It is acquisition or merge? Does it affect anything to my holding shares? Will it be changed to other name? Our held oceansky shares still valid? PapaSmurf      ( Date: 26-Sep-2013 20:53) Posted: Finally Ezion will be taking this baby along in its wing. No more penny value soon will be dollar value

 

Trading halt at the same time?

crotciv      ( Date: 26-Sep-2013 23:46) Posted: what common factor? mind to share? medivh      ( Date: 26-Sep-2013 23:35) Posted: Any1 noticed any common factors with Ezion, Ocean Sky and YHM? (" ,) HUAT AH~~

 

what common factor? mind to share?

medivh      ( Date: 26-Sep-2013 23:35) Posted: Any1 noticed any common factors with Ezion, Ocean Sky and YHM? (" ,) HUAT AH~~