Post Reply
41-58 of 58
Wow... what's happening to this counter?
patseow8,
wow, bought at $4.57 ah? sorry I didn't do a research on this counter. then I sympathize with you man. but still, luckily it's only 3 lots.
patseow8,
Lucky only 3 lots and not 30 lots. Wow, you've been holding it since 2000? You should go and dig the CEO's eyes out. No dividend some more.
yah lah.. not fair to ppl like us, still having 3 lots bought @$4.57 since 26/06/2000
Sooner or later they have to sell Shin Corp. So where to park that money? Statschp is one of those shortlisted counter lah.
<Why this move by Temasek when they said before they wanted to reduce their "non-core" holdings ?????>
You can never take their word at face value. They will come up with some silly reason to justify the takeover.
Isn't the offer for $1.75 abit too low?
wah, those who bought this yesterday, today strike gold man. better than 4D.
walau cheong 22% up, anyone vested? congratulations man... what a stock..
Thanks....lets see how high can cheong!
Yes, halt lifted at 1400hrs. ;) U can see in SGX webbie.
Has the halt been removed, as i dont see the 'H' under remark for poems.
Will Stats be delisted ?
Why this move by Temasek when they said before they wanted to reduce their "non-core" holdings ?????
Smltimer, the news can be found in Reuters webby...
LPlate, where u got the info? ... i went sgx website also cannot find.
LPlate....thats good news right? So when the halt cease?
Singapore, 1 March 2007 ? Temasek Holdings (Pte) Ltd (?Temasek?) wholly owned
subsidiary Singapore Technologies Semiconductors Pte Ltd (?STS?) today announced its
intention to launch a voluntary conditional cash offer for the remaining shares (including
shares represented by American Depositary Shares (?ADS?)) in STATS ChipPAC Ltd.
(?STATS ChipPAC,? SGX-ST: STATSChP, Nasdaq: STTS) that STS does not already
own (the ?Offer?). STS currently has an approximate 35.6% stake in STATS ChipPAC.
The Offer Price is S$1.75 for each share and S$17.50 (1) for each ADS in cash. The Offer
Price of S$1.75 in cash for each share represents a 18.2% premium over the closing
price of STATS ChipPAC?s shares on the Singapore Exchange Securities Trading Limited
(?SGX-ST?) on 28 February 2007, a 40.5% premium over STATS ChipPAC?s average
closing share price during the past three months and a 55.1% premium over STATS
ChipPAC?s average closing share price during the past six months. The Offer will be
conditioned upon, among other matters, STS receiving acceptances of such number of
shares which, together with all other shares owned, acquired or agreed to be acquired by
STS, would represent more than 50 per cent of the total outstanding shares of STATS
ChipPAC following the close of the Offer.
If shares tendered into the Offer result in STS owning at least 90 per cent of outstanding
shares in STATS ChipPAC (other than those owned by STS and its related corporations
at the commencement of the Offer), STS intends to offer a higher purchase price of
S$1.88 per share or S$18.80 per ADS(2) to all shareholders who accept the Offer,
regardless of when their shares are tendered. This higher offer price would represent a
27.0% premium over the closing price of STATS ChipPAC?s shares on the SGX-ST on
28 February 2007, a 51.0% premium over STATS ChipPAC?s average closing share price
during the past three months and a 66.6% premium over STATS ChipPAC?s average
closing share price during the past six months.
The Offer would also include an offer by STS for STATS ChipPAC?s outstanding
US$115,000,000 Convertible Notes due 2008 and US$150,000,000 2.50% Convertible
Notes due 2008. The offer for the convertible notes is conditioned on the offer for the
shares becoming unconditional in all respects.
STS has been a long-term shareholder of STATS ChipPAC and continues to believe in
the prospects of the company. STS would like to increase its shareholding in STATS
ChipPAC.
-- ends --
subsidiary Singapore Technologies Semiconductors Pte Ltd (?STS?) today announced its
intention to launch a voluntary conditional cash offer for the remaining shares (including
shares represented by American Depositary Shares (?ADS?)) in STATS ChipPAC Ltd.
(?STATS ChipPAC,? SGX-ST: STATSChP, Nasdaq: STTS) that STS does not already
own (the ?Offer?). STS currently has an approximate 35.6% stake in STATS ChipPAC.
The Offer Price is S$1.75 for each share and S$17.50 (1) for each ADS in cash. The Offer
Price of S$1.75 in cash for each share represents a 18.2% premium over the closing
price of STATS ChipPAC?s shares on the Singapore Exchange Securities Trading Limited
(?SGX-ST?) on 28 February 2007, a 40.5% premium over STATS ChipPAC?s average
closing share price during the past three months and a 55.1% premium over STATS
ChipPAC?s average closing share price during the past six months. The Offer will be
conditioned upon, among other matters, STS receiving acceptances of such number of
shares which, together with all other shares owned, acquired or agreed to be acquired by
STS, would represent more than 50 per cent of the total outstanding shares of STATS
ChipPAC following the close of the Offer.
If shares tendered into the Offer result in STS owning at least 90 per cent of outstanding
shares in STATS ChipPAC (other than those owned by STS and its related corporations
at the commencement of the Offer), STS intends to offer a higher purchase price of
S$1.88 per share or S$18.80 per ADS(2) to all shareholders who accept the Offer,
regardless of when their shares are tendered. This higher offer price would represent a
27.0% premium over the closing price of STATS ChipPAC?s shares on the SGX-ST on
28 February 2007, a 51.0% premium over STATS ChipPAC?s average closing share price
during the past three months and a 66.6% premium over STATS ChipPAC?s average
closing share price during the past six months.
The Offer would also include an offer by STS for STATS ChipPAC?s outstanding
US$115,000,000 Convertible Notes due 2008 and US$150,000,000 2.50% Convertible
Notes due 2008. The offer for the convertible notes is conditioned on the offer for the
shares becoming unconditional in all respects.
STS has been a long-term shareholder of STATS ChipPAC and continues to believe in
the prospects of the company. STS would like to increase its shareholding in STATS
ChipPAC.
-- ends --
STE cash offerS$1.75 to S$1.88.
Anyone any idea the halt? Pending announcement......