In today’s briefing:
- Suntec REIT (SUN SP): Tang’s Offer Now Open
- Vietnam Rubber Group (VRG) Showcases Its EUDR Preparedness At Annual Rubber Conference
Suntec REIT (SUN SP): Tang’s Offer Now Open
- On the 5th December, Gordan Tang (& his wife Celine) acquired 2.14% in Suntec REIT (SUN SP), lifting their stake to 31.45% from 29.31%, triggering a MGO.
- This is appears to be a technical Offer. The Offer price is S$1.16/share against a S$1.17/share undisturbed price. Timing, however, IS curious after ESR Group (1821 HK)‘s recent Offer.
- The Offer Doc is now out and shareholders can tender. At S$1.18/share as I type, zero tendering should occur. The Offer closes on the 20 January, unless extended.
Vietnam Rubber Group (VRG) Showcases Its EUDR Preparedness At Annual Rubber Conference
- 40-45% of production forest areas in Vietnam certified for sustainable management
- VRG sold over 800 tons EUDR rubber netting an additional US$250/ton
- Member firms abroad readying to sign contracts on EUDR rubber
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