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Monday 10 August 2020

Kep Corp : How bad will be the drop tmr?


Kyanite will Not Proceed with Partial Offer for Keppel Corporation Limited

SML right issues couldn't got through???





Posted by CreateWealth8888 at 15:33
Labels:

8 comments:

  1. Siew Mun10 August 2020 at 16:08:00 GMT+8

    Stormy days ahead for Kep Corp

    ReplyDelete
  2. Spur10 August 2020 at 20:23:00 GMT+8

    Somebody at Temasek finally woke up ... or came back from staycation. No need wait till 31 Aug LOL!

    Or even to see the circus tomorrow at SCM EGM.

    ReplyDelete
    Replies
    1. CreateWealth888810 August 2020 at 20:35:00 GMT+8

      Sending strong signals to SML minority that Temasek is not your Ah Kong to provide them Milk and can walk away without bailing SML out. Let SML files for restructuring protection. LoL

      Delete
  3. Sillyinvestor10 August 2020 at 21:28:00 GMT+8

    I think 3 to 5 percent drop?
    Over a longer period, I think 10 to 15 percent drop

    Keep ready for roller coaster ride

    ReplyDelete
    Replies
    1. Rolf Suey11 August 2020 at 20:12:00 GMT+8

      Fri close at 5.4, today open 4.8 something.. now 4.8. So 11 % drop!

      Delete
  4. CreateWealth888810 August 2020 at 22:18:00 GMT+8

    Kep Corp CEO and Board can proceed with their Vision 2030 without Temasek coming in to disrupt their original Vision 2030

    ReplyDelete
    Replies
    1. CreateWealth888811 August 2020 at 07:22:00 GMT+8

      The response from Kep Corp :

      In connection with the Invocation of MAC Announcement, Keppel would like to make the following
      comments.

      The Partial Offer was unsolicited. Keppel did not negotiate the terms of the Partial Offer including the MAC Pre-Condition. If the Partial Offer had been made, it would have involved the purchase of Shares from Offer Shareholders (as referred to in paragraph 3.1.2 of the Pre-Conditional Partial Offer Announcement). As set out in paragraph 2.3 of the Pre-Conditional Partial Offer Announcement, there was no certainty that the Pre-Conditions would be satisfied and/or waived and that the Partial Offer would be made.

      Keppel has announced its Vision 2030 to guide the long-term strategy and transformation of the Company.

      We continue to believe in the inherent value of Keppel’s business, and have a strong balance sheet and support from our network of banks to finance the Group’s operations and growth initiatives. We will continue to execute our Vision 2030 to realise the full value of the Company for all our stakeholders. Notwithstanding the withdrawal of the Partial Offer, we intend to engage Temasek, which remains our single largest shareholder, to explore opportunities for strategic collaboration.

      Delete
  5. CreateWealth888810 August 2020 at 22:54:00 GMT+8

    FH landbank by ex Keppel Land. Current Kep Corp CEO is smart to take Keppel Land private and share goodies with Kep Corp shareholders only. Ex Keppel Land shareholders also happy with advance cash proceed. Win-win!

    ReplyDelete

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