Tuesday, June 29, 2010

Cash Offer: DESIGN STUDIO FURNITURE (D11)

References: SGX Offer Document

Company Info:

Design Studio Furniture Manufacturer Ltd is a Singapore-based company. The Company is engaged in the manufacture, supply and installation of paneling products, such as kitchen and vanity cabinets, wardrobes, doors and doorframes, and furniture components; the provision of interior fitting-out services, and structural works for hospitality, commercial and retail properties, such as hotels, resorts, office, shops and bank branches. The Company also acts as the distributor for furniture products of overseas brand in Singapore and Brunei. The Company operates in three segments: residential property projects segment, hospitality and commercial projects segment, and distribution projects segment. Its subsidiaries include DS Furniture Manufacturer Sdn. Bhd, Design Studio Furniture (Shanghai) Co., Ltd, DS Interior Contracts & Renovation (Shanghai) Co., Ltd and D S Interior Decoration (Middle East) LLC.

Offer Price
$0.55

Thursday, June 17, 2010

Withdrawal of Texchem Cash Offer

SGX Document - Texchem Withdrawal

The withdrawal of offer will probably means that people who bought it for the cash offer will try to sell it, even at a discount. I did see some low buying price and still pondering what steps to take next.

Saturday, June 12, 2010

Weekly soccer betting with Martingale system #18-#21

This week's bet
The next $100 monthly fund @ 9th July.

$ 34 Fund Carryover
$100 Monthly Funding

$160, (not enough fund)
$160, (not enough fund)
$160, (not enough fund)
$160, (not enough fund)

$134 Fund Left (from $600 invested)

References:

  1. Singapore Pools odds

Sunday, June 6, 2010

Cash Offer: Eng Kong (E06)

References: SGX Offer Document

Company Info:

Eng Kong Holdings Limited (Eng Kong) is an investment holding company, engaged in the provision of management and support services to the subsidiaries. The Company operates in four segments: container depot operation, which provides mainly storage and handling, repair and transportation services for empty containers; warehousing and container freight station (CFS), which is involved in stuffing and unstuffing of outbound and inbound general cargo, warehousing of cargo which require long term storage and rental income from warehouse; container sales, agencies, which is involved in trading of used containers, and survey acting as container leasing agents and inspection of new containers, and others, which includes rental income from properties and treasury activities. In March 2010, the Company announced that Eng Kong Investment Holdings Limited, its dormant wholly owned subsidiary, completed voluntary liquidation proceedings.

Offer Price
$0.295

Wednesday, June 2, 2010

Texchem delisting delayed?

Texchem

The Board refers to the announcements made by the Company on 8 February 2010 and 3 March 2010 in relation to the Delisting and the Exit Offer (“Announcements”).

The Board wishes to inform Shareholders that the Singapore Exchange Securities Trading Limited has informed the Company that in light of the independent financial advisor’s opinion that the financial terms of the Exit Offer, on balance, are not reasonable, it is unable to review and clear the draft Circular as it considers that the proposed Delisting in its present form does not meet with the requirement of Rule 1309(1) of the Listing Manual, which requires that a reasonable exit alternative be offered to Shareholders and holders of any other classes of listed securities to be delisted.

The Company has been informed by the Offeror, Texchem Resources Bhd, that it is considering the next course of action and will inform the Company in due course. It is possible that the Offeror may revise or withdraw the Exit Offer completely.

Shareholders are advised to exercise caution when dealing in the Shares and refrain from taking any action in relation to their Shares which may be prejudicial to their interests. Persons who are in doubt as to the action they should take should consult their stockbroker, bank manager, solicitor or other professional advisers.