{"id":23139,"date":"2016-08-17T09:27:13","date_gmt":"2016-08-17T02:27:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pwc-appointed-ifa-to-sim-lian-privatisation\/"},"modified":"2016-08-17T09:29:11","modified_gmt":"2016-08-17T02:29:11","slug":"pwc-appointed-ifa-to-sim-lian-privatisation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pwc-appointed-ifa-to-sim-lian-privatisation\/","title":{"rendered":"PwC appointed IFA to Sim Lian privatisation"},"content":{"rendered":"


\nPwC will advise the company\u2019s independent directors in relation with the voluntary conditional cash offer for the company. \u00a0
\nPricewaterhouseCoopers (PwC) has been appointed by Sim Lian Group (SLG) as its independent financial adviser (IFA) to advise the independent directors in relation with the voluntary conditional cash offer for the company.
\nAn investment holding company owned by the Kuik family and led by Kuik Ah Han, Founder and Executive Chairman of SLG, is seeking to privatise and delist the property developer.
\nOn 8 August, Coronation 3G announced a voluntary cash offer of S$1.08 per share for all outstanding shares of SLG that it doesn\u2019t already own.
\nIn an SGX filing, SLG revealed that a circular containing the IFA\u2019s advice and recommendation of the independent directors will be sent to the shareholders within 14 days from the date of dispatch of the offer document.
\nMeanwhile, the company is advising shareholders to \u201crefrain from taking any action in relation to their shares, which may be prejudicial to their interests until they or their advisers have considered the information and the recommendations of the independent directors, as well as the advice of the IFA which will be set out in the offeree circular\u201d.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…PwC appointed IFA to Sim Lian privatisation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

PwC will advise the company\u2019s independent directors in relation with the voluntary conditional cash offer...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-23139","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-61d","jetpack-related-posts":[{"id":25287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronation-3g-privatisation-offer-for-sim-lian-becomes-unconditional\/","url_meta":{"origin":23139,"position":0},"title":"Coronation 3G privatisation offer for Sim Lian becomes unconditional","date":"September 7, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Wandervale EC by Sim Lian Group. Coronation 3G\u2019s voluntary conditional cash offer for all the issued ordinary shares of Sim Lian Group (SLG) has become unconditional. This comes after the total number of shares owned, controlled or agreed to be acquired by Coronation 3G and its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22438,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sim-lian-founder-launches-cash-offer-to-privatise-developer\/","url_meta":{"origin":23139,"position":1},"title":"Sim Lian founder launches cash offer to privatise developer","date":"August 10, 2016","format":false,"excerpt":"\r Artist\u2019s impression of Wandervale EC by Sim Lian Group. An investment holding company owned by the Kuik family and led by Kuik Ah Han, Founder and Executive Chairman of Sim Lian Group (SLG), is looking to privatise and delist the property developer. In an SGX filing on Monday (8\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sim-lian-to-build-12-storey-condo-at-tampines-site\/","url_meta":{"origin":23139,"position":2},"title":"Sim Lian to build 12-storey condo at Tampines site","date":"August 24, 2017","format":false,"excerpt":"\r \u00a0 Sim Lian intends to develop a condominium project with over 2,000 units on the Tampines Court site, which it acquired for S$970 million, reported Business Times. This makes Tampines Court the biggest collective sale since 2007, when Farrer Court was sold for S$1.3388 billion. Exceeding the initial reserve\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20927,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasure-crest-ec-60-oversubscribed\/","url_meta":{"origin":23139,"position":3},"title":"Treasure Crest EC 60% oversubscribed","date":"July 8, 2016","format":false,"excerpt":"\r Prospective buyers viewing the model of Treasure Crest EC. Sim Lian Group has received 800 e-applications for its 504-unit Treasure Crest executive condominium (EC) project, making the development around 60 percent oversubscribed as of Thursday afternoon. A total of 3,000 people have visited the Treasure Crest sales gallery since\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37454,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/drake-scull-appoints-pwc-to-advise-on-its-financial-state\/","url_meta":{"origin":23139,"position":4},"title":"Drake & Scull appoints PwC to advise on its financial state","date":"December 8, 2016","format":false,"excerpt":"\r Drake & Scull International's board of directors has agreed to the appointment of external consultants to advise on the state of its finances, which are weighed down by uncollected receivables.In a statement to the Dubai Financial Market on Thursday morning, the company said that its board had \"approved appointing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104979,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/treasure-at-tampines-to-launch-at-an-average-price-of-1280-psf\/","url_meta":{"origin":23139,"position":5},"title":"Treasure at Tampines to launch at an average price of $1,280 psf","date":"March 14, 2019","format":false,"excerpt":"\r Artist\u2019s impression of Treasure at Tampines, an upcoming launch with 2,203 condo units. Singapore\u2019s largest condominium to date, Treasure at Tampines, will be launched for sale this Friday (15 Mar), with units carrying an average price of around $1,280 psf. Jointly developed by Sim Lian Holdings and Sim Lian\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23139"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=23139"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23139\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}