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Fully agreed with " august"
Taking the company private by current CEO does not co-relates to Jan 18 announcement of begin approach by a interested party to acquire the company shares. Why when trading halt still relates to Jan 18 announcement? SGX please question the company.
Hope corporate raiders comes and make a counter offer.
august ( Date: 15-Mar-2012 21:45) Posted:
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He's taking investors for a ride... NAV is at least 46cents..and he's giving us 40cents ? Than then probably sell to other private investors for a larger sum... sharks eating small fishes..
SINGAPORE : Mainboard-listed Meiban Group has said its CEO George Goh has proposed to take the company private.
In a filing with the Singapore Exchange (SGX), Meiban said Mr Goh intends to acquire shares he does not own for S$0.40 per share.
The deal will be done through Zhong Yong Holdings.
Meiban, a contract manufacturing of consumer products and plastic injection moulded components, was listed in Singapore in 1994 and upgraded to the Mainboard of the SGX in July 2000.
As at the close of market trading on 13 March 2012, Meiban's market capitalisation was S$126.8 million.
Meiban said it has an issued and paid-up share capital of S$33.13 million comprising 321.02 million shares as of the announcement date.
The company said an application will be made to the SGX to delist Meiban from the Mainboard.
disappointing offer. expected at least 45-50c
| Date Updated | 29-Feb-2012 | Financial Year | 31-Dec-2010 |
| Current Year Profit (After Tax) $'000,000 |
12.864 | Previous Year Profit (After Tax) $'000,000 |
15.208 |
| Net Asset Per Share | 0.46 | Turnover $'000,000 | 179.31 |
| Current Year EPS (After Interest and Tax) |
0.04 | Previous Year EPS (After Interest and Tax) |
0.05 |
| PE Ratio (After Tax) | 9.3 | Times Covered | 1.9 |
| Price (at update time) | 0.37 | Dividend Yield | 0.05 |
NET ASSET PER SHARE IS .46CENTS. (SOURCE sharejunction)
NOT a fair offer. I believe it is worth between 43-45 cents at least.
Wonder what the analyst will say about it. Wait and see. Cheers.
TAke over... offer 40 cents congrats Mr Bon!!!
ANy latest news?
You must have huat big big. Cheers!
Bon3260 ( Date: 21-Feb-2012 15:52) Posted:
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Broadway really cheong all e way liao...
0.490 now!!!
('',)
Bon3260 ( Date: 01-Feb-2012 18:15) Posted:
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BD512D6644BE630B482579AA0053910B/$file/Meiban_Update_Announcement_20Feb12.pdf?openelement
still got hope? Big buyer today at 0.385 of over 900 lots?
hmmm good for you.... i may join u
honestly, not sure.. already made a few times from this stock. and now vested again. still hoping for a takeover offer since it's NAV is more than the current share price.
tea444u ( Date: 12-Feb-2012 00:18) Posted:
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i see...thanks friend...so now not good for buying this stock?
means BB are distributing alr..
tea444u ( Date: 11-Feb-2012 19:20) Posted:
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what does that meanIn English? care to translate? thank you
Bon3260 ( Date: 10-Feb-2012 16:14) Posted:
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still possible for takeover offer to materialize? its been close to a month alr :/
大 鱼 在 放 票 ...
: (
Net Asset Value is slightly more than $0.45cents.. if there is a possible takeover target,..hmm... I doubt they will quote lower than that.. just my thoughts.
are u still holding yoma? can still hold this one?
medivh ( Date: 03-Feb-2012 17:10) Posted:
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