The following stocks may be in focus today:
Lim Ho Kee will be stepping down as chairman of Singapore Post on May 10 and resign as a director at the group's annual general meeting in July. Independent director Low Teck Seng will replace him as chairman.
Jaya Holdings has entered into a non-binding term sheet for the proposed acquisition of the entire equity interest in Heduru Moni for about $237.6 million. It is buying Heduru Moni from Bernard Chan, Tan Siew Ann Jason, Lee Chan Beng, David John Kelso and Gajanan Pandurang Barve. The purchase consideration shall be satisfied by the allotment and issuance of new shares in the issued and paid-up capital of Jaya to the sellers, Jaya says, adding that acquisition, when completed, is expected to result in a reverse takeover of the company.
PwC Corporate Finance has been appointed as the independent financial adviser for the 52.5 cent-a-share offer by a consortium to take food caterering firm Select Group private.
Offshore support vessel provider Vallianz Holdings has acquired 75% of Holmen Heavylift Offshore for a cash consideration of US$6 million ($8.1 million). The company has undertaken the acquisition of the stake, representing 75,000 ordinary shares of Holmen, through its wholly owned subsidiary, Vallianz International. Holmen becomes a subsidiary of Vallianz Holdings following the acquisition.
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Lim Ho Kee will be stepping down as chairman of Singapore Post on May 10 and resign as a director at the group's annual general meeting in July. Independent director Low Teck Seng will replace him as chairman.
Jaya Holdings has entered into a non-binding term sheet for the proposed acquisition of the entire equity interest in Heduru Moni for about $237.6 million. It is buying Heduru Moni from Bernard Chan, Tan Siew Ann Jason, Lee Chan Beng, David John Kelso and Gajanan Pandurang Barve. The purchase consideration shall be satisfied by the allotment and issuance of new shares in the issued and paid-up capital of Jaya to the sellers, Jaya says, adding that acquisition, when completed, is expected to result in a reverse takeover of the company.
PwC Corporate Finance has been appointed as the independent financial adviser for the 52.5 cent-a-share offer by a consortium to take food caterering firm Select Group private.
Offshore support vessel provider Vallianz Holdings has acquired 75% of Holmen Heavylift Offshore for a cash consideration of US$6 million ($8.1 million). The company has undertaken the acquisition of the stake, representing 75,000 ordinary shares of Holmen, through its wholly owned subsidiary, Vallianz International. Holmen becomes a subsidiary of Vallianz Holdings following the acquisition.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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