I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Monday, 18 July 2016

DBS Bulls Are Coming???



Posted by Createwealth8888 at 21:53
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3 comments:

  1. SMK22 July 2016 at 20:35:00 GMT+8

    also, what's with the strength of citydev?

    ReplyDelete
    Replies
    1. Createwealth888822 July 2016 at 21:59:00 GMT+8

      This?

      CITY Developments Ltd (CDL) has inked an agreement to sell its controlling stake of 52.52 per cent in Hong Kong-listed City e-Solutions Limited (CES) to China Tian Yuan Manganese Limited for HK$566.4 million (S$98.2 million).

      The share purchase agreement signed on July 19 follows several announcements previously (as early as April this year) that discussions on the possible transaction were ongoing.

      The sale by CDL's wholly owned subsidiaries to China Tian Yuan Manganese, an independent unrelated third party, at HK$2.82 per CES share is a premium of 119 per cent over the audited consolidated net asset value attributable to shareholders of HK$1.2867 per share as at end December 2015 and a 4 per cent premium over the volume weighted average price of HK$2.7038 on July 18.

      Following the completion of the transaction, CDL will cease to have any interest in CES.

      Delete
    2. SMK22 July 2016 at 23:09:00 GMT+8

      no wonder showing strength abnormally the past few months.

      Delete

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