When I first saw the name of Multi-Chem Limited (AWZ.SI), I thought that it was some sort of producer of chemical products, but the company is in a very different business.
On Friday an offer of S$1.20 in cash was made for Hupsteel Limited (BMH.SI), a steel distributor in Singapore. The offer is made by a consortium which consists of members of the Lim family, who are the controlling shareholders of Hupsteel. I’ve owned Hupsteel since September 2017. My average cost is about $0.83 per share. […]
Preview: Company 1 is a Singapore listed company trading at a low P/E multiple and a low price to free cash flow multiple. There’s also a substantial discount to book value. Article type: Portfolio position, the author has a long position in this stock at the time of publication. My position size: Small
A short update about LanTroVision (SGX:BJK), which I wrote about almost two years ago. LanTroVision has just received an acquisition proposal from MIRAIT Singapore, which is a wholly owned sub of MIRAIT Holdings Corporation (TYO:1417). LanTroVision shareholders will receive S$3.25 in cash per share. The total acquisition price wil be around S$180 million, including expenses. […]
PNE Industries came out with an announcement (PDF) today. The company intends to dispose of their subsidiary PNE Print Technology, which was involved in the manufacturing and sale of pre-sensitized plates. Operations at PNE Print were ceased in November 2014, because it was unable to operate profitably. PNE Industries is negotiating with potential purchasers, but […]