Keppel Land   

Kepland

 i tink wont affect much. but kepland's share px seems likely to fall further b4 reverse..

Peg_li      ( Date: 12-Jul-2009 21:17) Posted: How will it affect kepland shares prices?good or bad? any advice? ticklish8      ( Date: 12-Jul-2009 21:04) Posted: dont know leh... press release just come out.....   Proposed voluntary delisting of Evergro Properties Limited Keppel Land Limited (“Keppel Land”) and Evergro Properties Limited (“Evergro”) today jointly announced (“Joint Announcement”) the proposed voluntary delisting (“Delisting Proposal”) of Evergro from the Singapore Exchange Securities Trading Limited (“SGX-ST”). On the proposed delisting, Mr Kevin Wong, Group Chief Executive Officer of Keppel Land, said, “By combining the operational expertise, industry knowledge and extensive networks of both companies, Keppel Land will be in an even stronger position to capture opportunities and growth in China. “It provides us with a stronger platform to maximise the potential of our existing portfolio and collective strengths as we continue to grow Keppel Land as the choice developer of homes in China.” Under the Delisting Proposal, Keppel Land will make an exit offer (“Exit Offer”) for all the issued ordinary shares in the share capital of Evergro ("Shares") other than such number of Shares already owned, controlled or agreed to be acquired by Keppel Land as at the date of the Exit Offer ("Offer Shares") whereby Evergro shareholders will receive either: a. 1,000 new ordinary shares in Keppel Land for every 7,000 Offer Shares tendered in acceptance of the Exit Offer; or b. S$290 in cash for every 1,000 Offer Shares tendered in acceptance of the Exit Offer. The Exit Offer consideration of new ordinary shares in Keppel Land or cash represents a premium of approximately 21.1% or 16.0% respectively to Evergro’s last transacted price on 10 July 2009 of S$0.25 per share. Mr Wong added, “This is an opportunity for Evergro shareholders to unlock the value of their Shares at a premium to market. Evergro shareholders who wish to participate in the future growth of Keppel Land can opt to receive new Keppel Land shares in exchange for their Shares.” For Keppel Land, which has a direct interest of approximately 85.38% in Evergro, this proposed delisting will involve a total cash consideration of up to S$54 million (if all accepting Evergro shareholders elect to receive cash as consideration for their Offer Shares) to be financed from internal resources. Merrill Lynch (Singapore) Pte. Ltd. has been appointed as financial adviser to Keppel Land. The Board of Evergro will appoint an Independent Financial Adviser (“IFA”) to advise the directors who are considered to be independent for the purposes of the Delisting Proposal and the Exit Offer, on the Exit Offer. Full details of the Delisting Proposal will be sent in a circular to shareholders of Evergro in due course. The circular will include, inter alia, further information relating to the Delisting Proposal, and the terms and conditions of the Exit Offer, the advice of the IFA, and the recommendation of the independent directors of Evergro regarding the Exit Offer, and the Notice of the Extraordinary General Meeting (“EGM”). The EGM to be convened will seek the appropriate shareholders’ approvals for the Delisting Proposal. The Delisting Proposal is made pursuant to Rules 1307 and 1309 of the listing manual of the SGX-ST. The directors of Keppel Land (including any director of Keppel Land who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed herein (other than those relating to Evergro) are fair and accurate and that, where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release (other than those relating to Evergro) misleading. Where any information in this press release has been extracted or reproduced from published or otherwise publicly available sources or obtained from Evergro, the sole responsibility of the directors of Keppel Land has been to ensure that such information has been accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release. The directors of Keppel Land jointly and severally accept responsibility accordingly. The directors of Evergro (including any director of Evergro who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed herein (other than those relating to Keppel Land and parties acting in concert with them) are fair and accurate and that, where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release (other than those relating to Evergro and parties acting in concert with them) misleading. Where any information in this press release has been extracted or reproduced from published or otherwise publicly available sources or obtained from Keppel Land, the sole responsibility of the directors of Evergro has been to ensure that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release. The directors of Evergro jointly and severally accept responsibility accordingly.

 

Many stocks have tanked (as opposed to consolidating for a continued uprun)... 

 

Ok it would be irresponsible if i used the word defintely.

What i meant was that i feel that it's a good thing, sorry typed too fast earlier without thinking.

fartist      ( Date: 12-Jul-2009 21:54) Posted: "By combining the operational expertise, industry knowledge and extensive networks of both companies, Keppel Land will be in an even stronger position to capture opportunities and growth in China. " Defintely good news.

 

"By combining the operational expertise, industry knowledge and extensive networks of both companies, Keppel Land will be in an even stronger position to capture opportunities and growth in China. "

Defintely good news.

 

Sorry i mean Kepland, typo error.

Btw it seems that they fully acquired Evergro, purpose is for China projects purposes......

dealer0168      ( Date: 12-Jul-2009 21:49) Posted: Is a good news. As Keppel is acquiring  another company.

 

Is a good news. As Keppel is acquiring  another company.

 

How will it affect kepland shares prices?good or bad?

any advice?

ticklish8      ( Date: 12-Jul-2009 21:04) Posted: dont know leh... press release just come out.....   Proposed voluntary delisting of Evergro Properties Limited Keppel Land Limited (“Keppel Land”) and Evergro Properties Limited (“Evergro”) today jointly announced (“Joint Announcement”) the proposed voluntary delisting (“Delisting Proposal”) of Evergro from the Singapore Exchange Securities Trading Limited (“SGX-ST”). On the proposed delisting, Mr Kevin Wong, Group Chief Executive Officer of Keppel Land, said, “By combining the operational expertise, industry knowledge and extensive networks of both companies, Keppel Land will be in an even stronger position to capture opportunities and growth in China. “It provides us with a stronger platform to maximise the potential of our existing portfolio and collective strengths as we continue to grow Keppel Land as the choice developer of homes in China.” Under the Delisting Proposal, Keppel Land will make an exit offer (“Exit Offer”) for all the issued ordinary shares in the share capital of Evergro ("Shares") other than such number of Shares already owned, controlled or agreed to be acquired by Keppel Land as at the date of the Exit Offer ("Offer Shares") whereby Evergro shareholders will receive either: a. 1,000 new ordinary shares in Keppel Land for every 7,000 Offer Shares tendered in acceptance of the Exit Offer; or b. S$290 in cash for every 1,000 Offer Shares tendered in acceptance of the Exit Offer. The Exit Offer consideration of new ordinary shares in Keppel Land or cash represents a premium of approximately 21.1% or 16.0% respectively to Evergro’s last transacted price on 10 July 2009 of S$0.25 per share. Mr Wong added, “This is an opportunity for Evergro shareholders to unlock the value of their Shares at a premium to market. Evergro shareholders who wish to participate in the future growth of Keppel Land can opt to receive new Keppel Land shares in exchange for their Shares.” For Keppel Land, which has a direct interest of approximately 85.38% in Evergro, this proposed delisting will involve a total cash consideration of up to S$54 million (if all accepting Evergro shareholders elect to receive cash as consideration for their Offer Shares) to be financed from internal resources. Merrill Lynch (Singapore) Pte. Ltd. has been appointed as financial adviser to Keppel Land. The Board of Evergro will appoint an Independent Financial Adviser (“IFA”) to advise the directors who are considered to be independent for the purposes of the Delisting Proposal and the Exit Offer, on the Exit Offer. Full details of the Delisting Proposal will be sent in a circular to shareholders of Evergro in due course. The circular will include, inter alia, further information relating to the Delisting Proposal, and the terms and conditions of the Exit Offer, the advice of the IFA, and the recommendation of the independent directors of Evergro regarding the Exit Offer, and the Notice of the Extraordinary General Meeting (“EGM”). The EGM to be convened will seek the appropriate shareholders’ approvals for the Delisting Proposal. The Delisting Proposal is made pursuant to Rules 1307 and 1309 of the listing manual of the SGX-ST. The directors of Keppel Land (including any director of Keppel Land who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed herein (other than those relating to Evergro) are fair and accurate and that, where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release (other than those relating to Evergro) misleading. Where any information in this press release has been extracted or reproduced from published or otherwise publicly available sources or obtained from Evergro, the sole responsibility of the directors of Keppel Land has been to ensure that such information has been accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release. The directors of Keppel Land jointly and severally accept responsibility accordingly. The directors of Evergro (including any director of Evergro who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed herein (other than those relating to Keppel Land and parties acting in concert with them) are fair and accurate and that, where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release (other than those relating to Evergro and parties acting in concert with them) misleading. Where any information in this press release has been extracted or reproduced from published or otherwise publicly available sources or obtained from Keppel Land, the sole responsibility of the directors of Evergro has been to ensure that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release. The directors of Evergro jointly and severally accept responsibility accordingly.

 

dont know leh... press release just come out.....

 

Proposed voluntary delisting of Evergro Properties Limited

Keppel Land Limited (“Keppel Land”) and Evergro Properties Limited (“Evergro”) today jointly announced (“Joint Announcement”) the proposed voluntary delisting (“Delisting Proposal”) of Evergro from the Singapore Exchange Securities Trading Limited (“SGX-ST”).

On the proposed delisting, Mr Kevin Wong, Group Chief Executive Officer of Keppel Land, said, “By combining the operational expertise, industry knowledge and extensive networks of both companies, Keppel Land will be in an even stronger position to capture opportunities and growth in China.

“It provides us with a stronger platform to maximise the potential of our existing portfolio and collective strengths as we continue to grow Keppel Land as the choice developer of homes in China.”

Under the Delisting Proposal, Keppel Land will make an exit offer (“Exit Offer”) for all the issued ordinary shares in the share capital of Evergro ("Shares") other than such number of Shares already owned, controlled or agreed to be acquired by Keppel Land as at the date of the Exit Offer ("Offer Shares") whereby Evergro shareholders will receive either:

a. 1,000 new ordinary shares in Keppel Land for every 7,000 Offer Shares tendered in acceptance of the Exit Offer; or
b. S$290 in cash for every 1,000 Offer Shares tendered in acceptance of the Exit Offer.

The Exit Offer consideration of new ordinary shares in Keppel Land or cash represents a premium of approximately 21.1% or 16.0% respectively to Evergro’s last transacted price on 10 July 2009 of S$0.25 per share.

Mr Wong added, “This is an opportunity for Evergro shareholders to unlock the value of their Shares at a premium to market. Evergro shareholders who wish to participate in the future growth of Keppel Land can opt to receive new Keppel Land shares in exchange for their Shares.”

For Keppel Land, which has a direct interest of approximately 85.38% in Evergro, this proposed delisting will involve a total cash consideration of up to S$54 million (if all accepting Evergro shareholders elect to receive cash as consideration for their Offer Shares) to be financed from internal resources.

Merrill Lynch (Singapore) Pte. Ltd. has been appointed as financial adviser to Keppel Land. The Board of Evergro will appoint an Independent Financial Adviser (“IFA”) to advise the directors who are considered to be independent for the purposes of the Delisting Proposal and the Exit Offer, on the Exit Offer.

Full details of the Delisting Proposal will be sent in a circular to shareholders of Evergro in due course. The circular will include, inter alia, further information relating to the Delisting Proposal, and the terms and conditions of the Exit Offer, the advice of the IFA, and the recommendation of the independent directors of Evergro regarding the Exit Offer, and the Notice of the Extraordinary General Meeting (“EGM”). The EGM to be convened will seek the appropriate shareholders’ approvals for the Delisting Proposal.

The Delisting Proposal is made pursuant to Rules 1307 and 1309 of the listing manual of the SGX-ST.

The directors of Keppel Land (including any director of Keppel Land who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed herein (other than those relating to Evergro) are fair and accurate and that, where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release (other than those relating to Evergro) misleading. Where any information in this press release has been extracted or reproduced from published or otherwise publicly available sources or obtained from Evergro, the sole responsibility of the directors of Keppel Land has been to ensure that such information has been accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release. The directors of Keppel Land jointly and severally accept responsibility accordingly.

The directors of Evergro (including any director of Evergro who may have delegated detailed supervision of this press release) have taken all reasonable care to ensure that the facts stated and opinions expressed herein (other than those relating to Keppel Land and parties acting in concert with them) are fair and accurate and that, where appropriate, no material facts have been omitted from this press release, the omission of which would make any statement in this press release (other than those relating to Evergro and parties acting in concert with them) misleading. Where any information in this press release has been extracted or reproduced from published or otherwise publicly available sources or obtained from Keppel Land, the sole responsibility of the directors of Evergro has been to ensure that such information is accurately and correctly extracted from such sources or, as the case may be, accurately reflected or reproduced in this press release. The directors of Evergro jointly and severally accept responsibility accordingly.

 

something bad??

ticklish8      ( Date: 12-Jul-2009 20:55) Posted: Singapore, 12 July 2009 You can access the press release at:       This press release is also available at www.kepcorp.com, www.keppelland.com.sg and www.evergro.com.sg.  http://www.kepcorp.com/press/press.asp?RID=2105&L=&Y=2009&Q=3 – Keppel Land Limited ("Keppel Land") and Evergro Properties Limited ("Evergro") today jointly announced ("Joint Announcement") the proposed voluntary delisting ("Delisting Proposal") of Evergro from the Singapore Exchange Securities Trading Limited ("SGX-ST").

 

Singapore, 12 July 2009

You can access the press release at:

 

 

 

This press release is also available at www.kepcorp.com, www.keppelland.com.sg and www.evergro.com.sg.

 http://www.kepcorp.com/press/press.asp?RID=2105&L=&Y=2009&Q=3 – Keppel Land Limited ("Keppel Land") and Evergro Properties Limited ("Evergro") today jointly announced ("Joint Announcement") the proposed voluntary delisting ("Delisting Proposal") of Evergro from the Singapore Exchange Securities Trading Limited ("SGX-ST").

 

hope to see some more advance for this counter....not moving much as compare to Capitaland

 

that maybe the difference between a trader n a investor for this counter . (my opinion) Emm but fr some stock, I will trade in short term too. So that means sometimes I can be a trader too. Only good n solid stock worth to go fOr long as investment. (Again just my opinion)

 

I think if I am a trader, kena heart attack, yesterday kena property counters kena sold down, today up....

 July 9 (Bloomberg) – CapitaLand Ltd., Singapore’s biggest developer, led a rebound by local builders after the city’s government said a proposed income tax reform was “not an anti- speculation measure.”
    CapitaLand gained 3.6 percent to S$3.50 at the close in Singapore, reversing a 4.8 percent fall yesterday. City Developments Ltd., the city’s second-biggest homebuilder, climbed 5.5 percent to S$8.31.
    The FTSE ST Real Estate Index declined 2.5 percent yesterday after the Straits Times newspaper reported the proposed tax changes. The Finance Ministry said today that the reform will clarify tax rules
for individuals selling only one property within
 a four-year period.
    “The market misread the intention of the change,” Brandon Lee, an analyst with at DMG & Partners Securities Pte. Investors had feared the new rule would have a similar effect to a 1996 regulation that
prohibited Singaporeans from selling property
 within three years, Lee said.
    The proposed tax change, scheduled to take effect from January 2010, won’t change anything for people who sell more than one property in a four-year period, the ministry said.
    Keppel Land Ltd., partly owned by the world’s biggest builder of oil rigs, advanced 3.9 percent to S$2.16. Allgreen Properties Ltd., a Singapore-based developer controlled by Malaysian billionaire Robert
Kuok, jumped 3.9 percent to 94.5 Singapore
 cents.
    For Related News and Information: Singapore property data: SREL  GO  Top real estate news: TOP REL  GO  Today’s top news: TOP  GO  Top South, Southeast Asia news: TOP SAS  GO
    –Editors: Nick Gentle, Neil Denslow
    To contact the reporters on this story: Jonathan Burgos in Singapore at +65-6212-1156 or Jburgos4@bloomberg.net To contact the editor responsible for this story: Darren Boey at +852-2977-6646 or
dboey@bloomberg.net.
    -0- Jul/09/2009 10:43 GMT 07-09-09 0643EDT

 

Now don't buy, a few yrs down the road u may say Aiya that time the price is at very good discount, should have buy. Haha, its human nature. Btw current pricing is actually quite attractive already. My opinion is similar to Mr Goh, a good long term investment stock.

denn_goh      ( Date: 09-Jul-2009 17:34) Posted: Mm .. i loaded at 2.56 wor, i also nv sell. Actually instead of selling i am waiting to buy more if hit 2.00 :) because property will nv drop in singapore. More with government allowing more foreign to come in to snatch our house. Just hold on for 5 yrs, see will earn not. Anyway better than putting in bank mah.

 

Totally agree with your viewpoint of Kepland in 5-year timeframe. At this point in time and given the current situation of impending economy recovery, taking a longer term view of investment can be rewarding and is never wrong.

 

Mm .. i loaded at 2.56 wor, i also nv sell. Actually instead of selling i am waiting to buy more if hit 2.00 :) because property will nv drop in singapore. More with government allowing more foreign to come in to snatch our house.

Just hold on for 5 yrs, see will earn not. Anyway better than putting in bank mah.

 

09 July 2009 10:24  

 

what i see is if you r small time speculator. once in 4 years is ok. let you go.

if u r big timmer setup companies to hold then sell the companies if needed.

worse case pay bit of tax on profit also not problem. important thing is must have profit.

ie no big deal all in all.

 

I think they should take into account how long the individual has hold the property for.  If an individual holds two property for 10 years and had to sell within the four year period, he/she should not be penalised.  Maybe he/she need money urgently..

 

The changes to the tax rule is not good to the property counters - ie u will be tax if you sell your second property within 4 years. Me rethinking whether should buy Kepland when it drop below $2. A bit confuse.