Potential Take-Over

Tung Lok

1. Sam Goi, founder of Tee Yih Jia, who is a substantial shareholder has been buying up shares since May this year.

2. Public float is less than 10%, which makes it easy to make an offer

3. Shares buy up has pushed prices to 52 weeks high as of today.

4. Company has been struggling to break even or make meagre profits in recent years.

5. Potential privatisation offer by Tee Yih Jia to focus on growing business instead of answering to shareholders

For the past three days Sam Goi has been consistently buying up more shares of Tung Lok.

As the 10th richest guy in Singapore, there must be a reason for buying up the shares of a company even though the PE ratio indicates overvaluation at 99 times.

Ownership of the shares has hit almost 20%. With the F&B industry looking so competitive it is highly possible that Tung Lok will be privatised in due course.

Am heavily vested as I am confident of the takeover

Tung Lok chairman has just announced a strategic review this morning.

Again this reinforces the notion of a potential takeover

well done and thanks Walter. Suddenly now the liquidity is not an issue . sigh

Hi,

What did you mean by liquidity is not an issue?

Anyway, share price has hit $0.215 today since they announced strategic review. Very possible that a buy over offer will materialise soon as Tee Yih Jia accumulates more shares

The stock has risen almost 100% since I pointed out its potential takeover/turn around, congrats to those who ate vested