Kingboard Copper - Special Situation

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07 Mar 2017 17:08 #23637 by Joes
Joes replied the topic: Kingboard Copper - Special Situation
Day 2 after 40-c offer: There is a big buying block of 35 m shares at 40.5 cents worth about $12 m. Effectively, this prevents the Offeror from mopping up shares ! Interpret that to mean, there will be a higher offer.... Perhaps 60 cents>>>???

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09 Mar 2017 08:52 #23642 by lotustpsll
lotustpsll replied the topic: Kingboard Copper - Special Situation
The Court Appeal Hearing is over. I wonder KB will provide timely progress update on this important development. Based on past experience, the management is reticent on this legal case.
For the sake of proper and fair disclosure, I hope SGX should compel KB to do so as it matters to all Minority shareholders.

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20 Mar 2017 22:05 #23672 by lotustpsll
lotustpsll replied the topic: Kingboard Copper - Special Situation
It was just announced by KB that the decisions of the Court Appeal hearing will be released on 24 March or later. This is good news as the decisions of the Court will have a bearing on the current buyout offer.

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21 Mar 2017 04:07 #23675 by lotustpsll
lotustpsll replied the topic: Kingboard Copper - Special Situation
In an unusual twist of events, the Bermuda Court of Appeal Judgement will be released prior to the Offeree Circular (containing, inter alia, the IFA advice and the recommendations of the Independent Directors) from KBC.

The current Buyout exercise may be “dead in the water”. This latest development may land a potential huge victory for Minority Shareholders.

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21 Mar 2017 04:11 #23676 by lotustpsll
lotustpsll replied the topic: Kingboard Copper - Special Situation
In view of the importance of the Court Appeal judgement and for the sake of transparency, the whole judgement, when in hand, should be released by KBC in SGX for the reference of its entire shareholders.

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22 Mar 2017 19:29 #23683 by lotustpsll
lotustpsll replied the topic: Kingboard Copper - Special Situation
Provenance Capital Pte. Ltd. has been appointed as the IFA to advise the Independent Directors in respect of the Offer.

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