Pteris Global Limited
Did it alter the terms of the reverse takeover to favour the vendors?
By Ashish Saxena on Tuesday, 15 April 2014
A non-executive director wants shareholders to remove the CEO and all four independent directors. He claims the management and the board have failed to protect the interests of shareholders in the reverse takeover.
15/4/2014 – Pteris Global Limited's board room fight has come out in public.
Noble Group Limited
Did it sell the agriculture business at right price - which of the brokers is right?
By Kiran Rameshchandra on Tuesday, 15 April 2014
After failing to spin off its agriculture business in 2011 it has now again plans for an IPO after divesting majority stake to COFCO. The question still remains whether this segment deserves better valuations.
15/4/2014 – Noble Group's shares have been trading below book value since it reported i more...
Perennial Retail China Trust
MANAGEMENT REPLY: What if St James Holdings' takeover offer fails?
By Kiran Rameshchandra on Wednesday, 09 April 2014
The Trust has to repay its debt and earn enough income to support its dividend next year as the existing earn-out deed is expiring this year. The reverse takeover might just be what it needs.
9/4/2014 – Perennial China Retail Trust (PCRT) has not reached S$0.70, despite CEO Pua Seck Guan and othe more...
Raffles Medical Group Limited
Can it finance growth comfortably as interest rates rise?
By Kiran Rameshchandra on Tuesday, 08 April 2014
Raffles Medical is expanding aggressively. With no debt on the balance sheet, it has plenty of headroom. But rates are set to rise next year.
7/4/2014 - Brokers are bullish on Raffles Medical due to growth prospects from expansion in Singapore and possibly in China.
Maybank Research has reiter more...
Perisai Petroleum Teknologi Bhd
Why is it acquiring Lewek Robin from Ezra Holdings Ltd at a loss?
By Ashish Saxena on Sunday, 06 April 2014
Acquires Anchor Handling Tug from SGX-listed Ezra Holdings Ltd for US$7 mln. Ezra is also a 26% shareholder of Perisai. But the terms of acquisition suggest it is a loss-making deal for Perisai.
6/4/2014 - On March 14, Perisai - a 26% associate of Ezra - announced it has agreed to buy an Anchor H more...
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