
innopac using 1.7 shares to buy over 1 share of merlin.
market cap 570m vs 30m
based on NTA clearly innopac is overprice
 
but again TA looks interesting may break and hit 25 tmr.
May join in  if TA shows potential in first 15min tmr. Otherwise mission calls off.
INNOPAC HOLDINGS LIMITED
(formerly Inno-Pacific Holdings Ltd)
(Incorporated in Singapore)
(Company Registration No. 197301788K)
UPDATE ON THE PROPOSED TAKEOVER BID FOR UP TO 212,147,063 ORDINARY FULLY PAID
SHARES REPRESENTING 100% OF THE ISSUED AND PAID UP SHARE CAPITAL OF MERLIN
DIAMONDS LTD (PROPOSED TAKEOVER)
DESPATCH OF THE COMPANY’S BIDDER’S STATEMENT FOR THE PROPOSED TAKEOVER
____________________________________________________________________________________
Further to the announcement on 31st January 2013 (the “Announcement”), the Board of Directors of
Innopac Holdings Limited (the “Company”) wishes to announce that the Company has lodged its Bidder’s
Statement with the Australian Securities and Investments Commission and sent a copy to the Australian
Securities Exchange (“ASX”) on 26 March 2013.
Save otherwise defined, all terms used in the Announcement shall have the same meaning when used in
this announcement.
The Bidder’s Statement has been prepared and lodged in accordance with the terms of the
Implementation Deed and will be despatched on 28 March 2013 to the shareholders of Merlin Diamonds
Ltd (“Merlin”) whose names are recorded in the Merlin’s share registry on 26 March 2013.
Subject to the terms and conditions in the Bidder’s Statement, the Proposed Takeover for up to
212,147,063 ordinary shares in Merlin will open for acceptance from 28 March 2013 until 28 June 2013,
unless extended. The Company is offering 1.67 new Innopac shares for every 1 Merlin share.
A copy of the Bidder’s Statement is available on Merlin’s announcements page on the ASX website and
the Company’s announcements page on the SGX-ST website.
BY ORDER OF THE BOARD OF
INNOPAC HOLDINGS LIMITED
Wong Chin Yong
Managing Director & Chief Executive Officer
26 March 2013
TA looks likely to hit 25.
30 cents needs a bit of FA to push 7pm
Good thing about this counter is that the owner is buying in shares.
But this one has gone up 20 bagger, so upside rather limited.
Based on penny track record.
30 cents needs a bit of FA to push 7pm
Good thing about this counter is that the owner is buying in shares.
But this one has gone up 20 bagger, so upside rather limited.
Based on penny track record.
Take note on strong breakup at 0.22
0.30 might easily get thru.  this round.
possible breakout today?
well, already waited so long liao. just hold it and see the BB's show lor.. interesting counter that can have large quantities of buy in but in the end price drop,
Large accumulation at 0.194 to 0.198 range? When will the breakout possible?
liujianchuan88 ( Date: 21-Mar-2013 12:40) Posted:
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possibly an expansion breakout ?  towards 30 cts ?
liujianchuan88 ( Date: 21-Mar-2013 12:40) Posted:
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looks like a possible outbreak up. been accumlating for a long period of time
is it possibly within a short  time frame  ?
sengsk ( Date: 19-Mar-2013 12:03) Posted:
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Take note on INNOPAC
Breakup @ 0.205
Next TG = 0.245
Just personal view ONLY.........
bullish bias .....
seanpent ( Date: 15-Mar-2013 10:26) Posted:
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look at TT PSL artivision
coz UOBKH lift restriction today....time to move?
yesterday first white candle ..... today 2nd white candle .....
technically, good chance of reversing upwards ?
看 到 最 后 一 波 , 小 心 , 高 处 狼 來 了 ,
Will you still " love me" tomorrow??
this counter can always buy around 193-194. then wait for the jump up a bit then you unload. Intraday trade still better for this counter.
LOL....just trade the range