27 Oct '11, 3pm

CK Tang shareholders unmoved by latest offer

CK Tang shareholders unmoved by latest offer

SINGAPORE: Some 60 per cent of CK Tang minority shareholders are still reluctant to part with their shares despite the retailer's latest offer of S$2.00 per share. In a vote during an extraordinary general meeting on Thursday, only 39 per cent of those who turned up agreed to the price for the share buyback. Around 80 to 100 of minority shareholders were present during the meeting, according to a sharholder who was present. CK Tang, which delisted in 2009, is offering to buy shares from 470 investors who still hold 1.8 per cent of the company. However, some minority shareholders said the latest offer still undervalues the company. Shareholder Toh Ping Ping believes the valuation of the property is low and does not take into account its redevelopment potential. The property was valued by Jones Lang La Salle at S$360 million, taking into account that the site can only be red...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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[Event] October 31st, 2011 - Dining @ Akari Jap...

whatshappening.sg 29 Oct '11, 4pm

Akari’s a la carte menu offers more than 70 items consisting of appetizers, salads, sashimi, braised, grilled, deep fried,...