Time to relook at Procurri

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18 May 2022 14:39 #25979 by walterlim
9m shares married deal at $0.425 today. Something is brewing

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18 May 2022 17:39 #25980 by walterlim
Declout, the biggest shareholder of Procurri, has increased stake together to 25%

links.sgx.com/1.0.0/corporate-announceme...7fa5024e7c3dd50656ce

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18 May 2022 17:41 #25981 by walterlim
Novo Tellus might possibly be the buyer of the "certain business asset" of Procurri for a spin off listing via the SPAC they raised recently.

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20 May 2022 14:13 #25983 by Lionel Lim

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20 May 2022 14:41 #25984 by walterlim
As expected, a takeover bid has been offered. However I note that 11m shares were scooped up after the announcement was made. My guess is Novo Tellus acquired these shares to become the biggest shareholder and will counter offer a higher bid.

0.425 is way too cheap and low

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