Kingboard Copper - Special Situation

One trade at 46 Cents bought 50,000 shares. Something must be cooking for this usually quiet counter!

Company has responded to SGX query:

"We have been informed by Kingboard Laminates Holdings Limited, a controlling shareholder of the Company, that it has today, through its indirect wholly owned subsidiary, Kingboard Laminates Limited,
purchased a total of 40,279,700 shares for a consideration ranging from S$0.40 cents to S$0.45 cents per share, constituting in aggregate 5.575 percent of the total issued share capital of the Company."


This is big! Who is the seller?

This stock has moved up and up to 50 cents, much higher than the 40-cents privatisation offer made in April 2017. It was a joke and the wise independent financial advisers and company independent directors advised shareholders to reject the takeover-cum-privatisation offer at S$0.40 a share. And they said it was "not fair and not reasonable".

kudos to those who rejected 40 cent offer.

www.nextinsight.net/story-archive-mainme...ait-for-higher-price

Now the new offer is 60 cents.


links.sgx.com/1.0.0/corporate-announceme...9d4#.NextInsight.net