In today’s briefing:
- Challenger Technologies (CHLG SP): Loo Family/Dymon Asia’s Skinny Unconditional S$0.56 Offer
- Challenger Tech’s Derisory Unconditional Offer
- 10 in 10 with Keppel REIT – Driving Resilience & Sustainability
- kopi-C with Heeton Holdings’ CEO: “Property development fascinates me”
Challenger Technologies (CHLG SP): Loo Family/Dymon Asia’s Skinny Unconditional S$0.56 Offer
- Challenger Technologies (CHLG SP) has disclosed a voluntary unconditional offer from Dymon Asia and the Loo Family at S$0.56 per share, a 1.8% premium to the undisturbed price (29 May).
- The little to no offer premium will leave minorities aggrieved. Hitting the 90% compulsory acquisition threshold implies a minority acceptance rate of 31.3%. The offer has not been declared final.
- The offer is set to follow the recent SGX voluntary unconditional offer playbook – a lowball offer followed by declaring the offer final after a cursory bump.
Challenger Tech’s Derisory Unconditional Offer
- Consumer electronics retailer Challenger Technologies (CHLG SP) has announced a voluntary unconditional cash offer of S$0.56/share. The Offer price has not been declared final.
- The Offeror is led by Dymon Asia Private Equity and Challenger’s CEO Loo Leong Thye, who collectively hold 54.37%.
- Including other Loo family members and additional irrevocables, there is a high probability Challenger breaches the public float at the conclusion of the offer and be suspended.
10 in 10 with Keppel REIT – Driving Resilience & Sustainability
10 in 10 with Keppel REIT – Driving Resilience & Sustainability
kopi-C with Heeton Holdings’ CEO: “Property development fascinates me”
- kopi-C with Heeton Holdings’ CEO: “Property development fascinates me” When Heeton Holdings’ chief executive Ivan Hoh first took over the company’s reins, he was gunning for change, ready to expand the company’s property portfolio.
- Established in 1976 and listed on Singapore Stock Exchange in September 2003, Heeton Holdings Limited is a real estate company focused on property development, investment and management, and hospitality.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
