Thakral    Last:0.8   -

Thakral

700mil more to go....if it is taken up by one single investor, it will be fun to watch,....

 

Went to dig dig abit... realized that most of the share place went back to the Thakral Family!

 

The share placement exercise is as good as completed. And it is by the main shareholder  -- so no disruption to share price, it will stabilise and trend up gradually...never under-estimate Khatar Singh..

 

pardon me for my ignorance.. but why is this a good news?

 

Good news - just short of 30% general offer limit..

 

1.

Date of change of Deemed Interest

14-12-2009

2.

The change in the percentage level

From 25.48 % To 29.92 %

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	The change of percentage level is due to the proposed acquisition of 116,000,000 shares of Thakral Corporation Ltd by Prime Trade Enterprises Limited (Prime Trade), which is an associate of Mrs Manbeen Kaur Thakral, under a placement agreement with CIMB-GK Securities Pte Ltd as placement agent on behalf of Venture Delta Limited dated 14 December 2009. The purchase by Prime Trade is subject to the successful completion of capital reduction and cash distribution exercise announced by Thakral Corporation Ltd on 1 December 2009 and after receipt of all distributions by all entitled shareholders.

4.

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

The change arises from a single transaction as described above.

 

Remember that Hong Leong Asia tried to oust the chairman Kartar Singh Thakral but was unsuccessful --- saying that Kartar was too old and the company icbc type.

smartrader      ( Date: 15-Dec-2009 21:09) Posted: So this is the reason -- 8cts valuation by VDL. If there is a strategic investor willing to take over the 34.38%... The Board of Directors of Thakral Corporation Ltd (the “Company”) wishes to announce that the Company has been informed by Venture Delta Limited (“VDL”), which has a direct shareholding interest in 897,990,352 shares amounting to 34.38% of the issued share capital of the Company (the “VDL Shares”), that VDL’s appointed placement agent, CIMB–GK Securities Pte. Ltd., has entered into agreements with certain parties for the purchase by such parties of 196,000,000 of the VDL Shares at a price of S$0.03 per share on an ex-distribution basis (the “Placement”). The Placement is conditional upon the completion of the capital reduction exercise and cash distribution of S$0.05 per issued share in the capital of the Company to all entitled shareholders in full compliance with all applicable laws as announced by the Company on 1 December 2009 (announcement no. 00025). VDL is a wholly-owned subsidiary of China Yuchai International Limited, which is a subsidiary of Hong Leong Asia Ltd. By Order of the Board Kartar Singh Thakral Chairman 15 December 2009 Singapore

 

Ha ha, who take in d placement shares not our problem liao. If no one take, CIMB will absorb loh.

For fun of it, just Q some at 0.06, can't get also no issue, just testing my mind.

 

VDL  wanted to make a conditional offer to acquire Thakral  in 2006 but withdrew later... this is first round of share placement of 196mil... VDL has intention to place out a total of 550mil shares..

 

Woah... seems like i really have alot to learn and pick up...

Thanks!

 

it depends on the sentiment and business outlook.....in order not to affect the share price,  it is a share placement and not open market sale... most importantly, CIMB can find strategic investor (can add value or believe in long term investment)  instead of ordinary investors...

 

Thanks!

Shall look to accumulate more then!

 

Nope. Think price shd maintain at 3cent or better after payout

 

Thanks!

Guess there will be lots of dumping after the payout then...

 

VDL wants to dispose its 34% stake by share placement at 3 cts per piece after ex-distribution of 5 cts per share. CIMB-GK is the appointed agent to source for interested parties...

 

Sorry.. but i don't understand this latest piece of information!

 

So this is the reason -- 8cts valuation by VDL. If there is a strategic investor willing to take over the 34.38%...

The Board of Directors of Thakral Corporation Ltd (the “Company”) wishes to announce that the Company has been informed by Venture Delta Limited (“VDL”), which has a direct shareholding interest in 897,990,352 shares amounting to 34.38% of the issued share capital of the Company (the “VDL Shares”), that VDL’s appointed placement agent, CIMB–GK Securities Pte. Ltd., has entered into agreements with certain parties for the purchase by such parties of 196,000,000 of the VDL Shares at a price of S$0.03 per share on an ex-distribution basis (the “Placement”).

The Placement is conditional upon the completion of the capital reduction exercise and cash distribution of S$0.05 per issued share in the capital of the Company to all entitled shareholders in full compliance with all applicable laws as announced by the Company on 1 December 2009 (announcement no. 00025).

VDL is a wholly-owned subsidiary of China Yuchai International Limited, which is a subsidiary of Hong Leong Asia Ltd.


By Order of the Board

Kartar Singh Thakral
Chairman
15 December 2009
Singapore  

 

firm support at 7.5..  going up soon...

 

Suddenly gone all quiet.. any news on when the EGM will be held?

Also, can some old pros offer an insight to the price movement once the capital reduction exercise has been confirmed?

 

probably, those who went in for quick gain was unable to pick up the shares but have to sell.. let's see next week,,,