From $0.00 to $1.13 -- CHINA MINZHONG

SWN
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10 years 7 months ago #15962 by SWN

Replied by SWN on topic From $0.00 to $1.13 -- CHINA MINZHONG

If I am a seller, I would not sell at 1.115 as I even have to incur brokerage. I might as well sell it to Indofood at 1.12 without any brokerage. The offer is already declared unconditional they have to honour this price. It is obvious that the report of Glaucus no longer has any effect on the share price now.

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Joes
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10 years 7 months ago #16025 by Joes

Replied by Joes on topic From $0.00 to $1.13 -- CHINA MINZHONG

Hahaha...
is it 1 or is it 2?

CHINA Minzhong Food Corporation Ltd on Monday clarified that it only has one set of books, which are audited by its local auditors in China for filings in the mainland, and by its external auditors, Crowe Horwath First Trust LLP (CHFP) for Singapore filings.
It was clarifying a column by Associate Professor Mak Yuen Teen of the NUS Business School in a "Letter to the Editor" in The Business Times on September 5, 2013.

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BNN
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9 years 3 months ago - 9 years 3 months ago #21516 by BNN

Replied by BNN on topic From $0.00 to $1.13 -- CHINA MINZHONG

Will Minzhong be a huge % gainer? Today is Day 2 since Minzhong announced that its chairman intends to buy Indofood's stake in Minzhong + make a general offer for the rest of the company.

infopub.sgx.com/FileOpen/Santa%20-%20CMZ...cement&FileID=330120

Today's trading price is about $1.04, or 16 cents upside to $1.20 the offer price.

If Minzhong's boss can finalise the bank financing for the buyout within 3 months & a definitive agreement is also inked by then --> the potential return would be about 11%, assuming the announcements catalyse the stock to shoot up to $1.15.

The beauty of it is that on an annualised basis, the return would 11% x 4 = 44%.

The return would be incredible if the stock shoots up to $1.15 in a month --> 11% x 12 = 120%.

The downside is that the whole thing is aborted, in which case the stock probably will drop to its pre-announcement price of ard 80 cents.

Worth a bet?

Last edit: 9 years 3 months ago by BNN.

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Joes
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9 years 3 months ago #21523 by Joes

Replied by Joes on topic From $0.00 to $1.13 -- CHINA MINZHONG

Puzzle here: Indofood sells 52.94% and retains 36.05% of CMZ. There's every reason to expect almost all of the minority shareholders to sell too which is the remaining 10% of the company. Like that still can continue as listco? Will there be a compulsory placement?

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Dongdaemun
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9 years 3 months ago #21542 by Dongdaemun

Replied by Dongdaemun on topic From $0.00 to $1.13 -- CHINA MINZHONG

It's rather strange that Indofood would agree to sell a big stake just over a year after buying it. Conspiracy theory --- Indofood rescued Minzhong last year from the scathing attack by a short-seller's report under a tacit agreement with Minzhong boss that it would be able to sell a major stake later.

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Dongdaemun
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9 years 3 months ago #21545 by Dongdaemun

Replied by Dongdaemun on topic From $0.00 to $1.13 -- CHINA MINZHONG

Dont know how this fits into the overall picture but read in VB forum that Minzhong boss who held 5% of the company had actually rejected the GO offer by Indofood last year.

Does this mean that Indofood acted unilaterally to do the GO? And now Minzhong boss acts unilaterally to buy fr Indofood & do GO?

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