Kingboard Copper - Special Situation

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6 years 1 week ago #24324 by SWN
One trade at 46 Cents bought 50,000 shares. Something must be cooking for this usually quiet counter!

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6 years 1 week ago #24325 by Joes
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?

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5 years 8 months ago #24453 by Joes
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".

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5 years 1 week ago #24710 by Joes

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