SGX Stocks and Warrants

Author: kimeng   |   Latest post: Tue, 18 Dec 2018, 10:39 PM


Wheelock Properties (S) Ltd: Offeror Announces Final Offer Price (S$2.10/share) and Final Closing Date (5:30PM on 2 Oct 2018)

Author:   |    Publish date:

Regarding the voluntary unconditional general offer from Wheelock & Co, the Offeror has announced both a final offer price as well as a final closing date.

First, the Offeror does not intend to revise the Offer Price of S$2.10. Therefore, in accordance with Rule 20.2 of the Code, the Offeror will not be allowed to subsequently amend the terms of the Offer, including the Offer Price, in any way.

Second, the Offeror has extended the closing date of the offer from 5.30 p.m. on 28 Sept 2018 to 5.30 p.m. on 2 Oct 2018. This is the final closing date – the Offeror does not intend to extend the offer beyond 5.30 p.m. on 2 Oct 2018.

We previously noted the substantial gap between our fair value estimate of S$2.34 and the offer price and encouraged investors to Reject the Offer.

Given the latest announcement, we place our rating under review as we consider the various potential payoffs for shareholders.

Source: OCBC Research - 24 Sept 2018

Share this

Related Stocks

Chart Stock Name Last Change Volume 

  Be the first to like this.


149  189  197  544 

Top 10 Active Counters
 HSI25200MBePW.. 0.108+0.008 
 HSI27800MBeCW.. 0.047-0.01 
 HSI26800MBeCW.. 0.106-0.01 
 HSI26400MBeCW.. 0.038-0.016 
 Rich Capital 0.007+0.001 
 Ezion 0.045-0.003 
 SingTel 2.96-0.10 
 Genting Sing 0.985-0.015 
 Golden Agri-Res 0.255-0.005 
 Rex Intl 0.055-0.004 


1. Research Reports : 18th December 2018 Singapore Stock Market News
2. Research Reports : 17th December 2018 Singapore Stock Market News
3. Expecting "Santa Claus Rally " in 2018 , No ? STE's Stocks Investing Journey
4. ATFX Market Update - 2018.12.18 ATFX News Update
5. First REIT: Not Quite Out of the Woods SGX Stocks and Warrants
Partners & Brokers