In today’s briefing:
- Silverlake Axis (SILV SP): Circular Now Out. IFA Says Fair
- China Opens War Front In Halo Butyl Rubber Trade
Silverlake Axis (SILV SP): Circular Now Out. IFA Says Fair
- On the 26 August, Goh Peng Ooi, founder and executive chair, made a voluntary unconditional general Offer for the 25.9% in Silverlake Axis (SILV SP) not held.
- The Offer Doc for this S$0.36/share cash Offer was dispatched on the 26th August. The Circular is also now out, which incorporates the IFA opinion.
- Trading through terms. The first close is the 7th October. I don’t expect a bump, and the share price gradually retraces back to cash terms.
China Opens War Front In Halo Butyl Rubber Trade
- ADD slapped on the US, the EU, the UK, and Singapore imports
- ADD probe initiated against Canada, Japan and India
- Russia to be a major beneficiary of the measures
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