Who might be good candidates for privatisation? From what I hear, a number of S-chips would prefer to be privatised in order to save the listing fees, the professional fees, the queries from SGX and worse of all the questioning of minority shareholders at AGM and throughout the year in many cases.
Why have to pay S$1 million (ball park figure) to stay listed when the subst shareholders can keep all the money to themselves?
Anyone wants to throw up names of companies that could privatise based on the criteria set up by Kim Eng in this article......[url=http://www.nextinsight.net
/story-archive-mainmenu-60/917-2012-chinahk-companies/5280-focus-media-gets-buy]12 HK-listcos In M&A Crosshairs ???[/url]
The list of privatisation will not end. Which ones will be next ?? So far, China Animal Healthcare is the big one. actually it is not a privatisation, it is a delisting fr SGX.
Hope other S-chips will also privatise or do it the same way as CAH, so SG holders can exit. These S-chips are not appreciated in SG
Look at Kim Eng report in Oct 2011.
2 have big moves -- Orchard Parade (turned into a Reit) and China Animal Healthcare (in advanced talks for delisting fr SG):
I tell you, shareholders these days will not allow a delisting offer to succeed if the offer price is peanuts! SYNEAR offer is likely to fail. We will know by next week -- see whether Greenwood fund management can acquire a lot more shares and block the privatisation.