{"id":50035,"date":"2017-03-29T12:05:17","date_gmt":"2017-03-29T05:05:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-global-chairwoman-looks-to-privatisation\/"},"modified":"2017-03-29T12:15:10","modified_gmt":"2017-03-29T05:15:10","slug":"top-global-chairwoman-looks-to-privatisation","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-global-chairwoman-looks-to-privatisation\/","title":{"rendered":"Top Global chairwoman looks to privatisation"},"content":{"rendered":"


\n\u00a0
\nTop Global\u2019s Executive Chairwoman, Oei Siu Hoa, has offered to buy up the rest of the company for 33 Singapore cents per share, in a bid to delist and privatise it.
\nThe offer, which was made via investment holding firm SW International Holding, represents a \u201cpremium of 65 percent and 66.7 percent above the three-month and six-month volume-weighted average price respectively\u201d. It is also final, with the offeror having no intention to revise the price.
\nIn an SGX filing, Top Global revealed that the offer is \u201cconditional on the offeror receiving acceptances, which would result in the offeror holding at least 90 percent\u201d of the company\u2019s issued shares.
\nOei has secured irrevocable undertakings representing around 77.4 percent of the total issued shares of Top Global.
\n\u201cSW International Holding believes that the offer presents Top Global Limited shareholders with a compelling cash exit opportunity, given the illiquidity of the shares of Top Global Limited and the potential Qualifying Certificate penalties that may be levied on Top Global Limited\u2019s E Maison and R Maison projects in Singapore.\u201d
\nSeparately, four of Top Global\u2019s wholly owned subsidiaries have exercised their options to purchase residential units in The Quinn development from their fellow subsidiary.
\nTo be held as investment properties, the 17 units were purchased from Bartley Homes for $25.29 million.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Top Global chairwoman looks to privatisation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Top Global\u2019s Executive Chairwoman, Oei Siu Hoa, has offered to buy up the rest...<\/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-50035","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-d11","jetpack-related-posts":[{"id":94215,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-unit-offers-to-take-wheelock-properties-singapore-private\/","url_meta":{"origin":50035,"position":0},"title":"Wheelock unit offers to take Wheelock Properties (Singapore) private","date":"July 19, 2018","format":false,"excerpt":"\r Image: Scotts Square Residences (Source: Christopher Chitty) Star Attraction, a wholly owned indirect subsidiary of Wheelock and Company, has launched a voluntary unconditional general offer to take mainboard-listed Wheelock Properties (Singapore) Limited private. Star Attraction, which currently owns 76.21 percent of Wheelock Properties, has presented an offer price of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121800,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oei-tiong-ham-park-residences-freehold-villas-on-sale-for-2500-psf\/","url_meta":{"origin":50035,"position":1},"title":"Oei Tiong Ham Park Residences\u2019 freehold villas on sale for $2,500 psf","date":"September 3, 2021","format":false,"excerpt":"\r Oei Tiong Ham Park Residences\u2019 freehold villas on sale for $2,500 psfEach unit features 4- to 5-bedrooms, a private lift, two parking lots, a private garden, a pool as well as premium-branded fixtures and fittings at the bathrooms and kitchens. Photo: CBRE A portfolio of nine villas at Oei\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/Oei-Tiong-Ham-Park-Residences_1_PhotoCredit_CBRE-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":112296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oei-tiong-ham-park-gcb-to-go-under-the-hammer-for-23m\/","url_meta":{"origin":50035,"position":2},"title":"Oei Tiong Ham Park GCB to go under the hammer for $23m","date":"November 12, 2019","format":false,"excerpt":"\r The property features six ensuite bedrooms, a patio entrance and a private swimming pool. It also has a garage that can house three cars and which can also be used as a playroom. A good class bungalow (GCB) at Oei Tiong Ham Park in District 10 will be put\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-at-fastest-pace-in-two-years-rightmove-rejects-fourth-takeover-offer-from-rea-group-business-live\/","url_meta":{"origin":50035,"position":3},"title":"UK house prices rise at fastest pace in two years; Rightmove rejects fourth takeover offer from Rea Group \u2013 business live","date":"September 30, 2024","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial newsNumber of UK estate agents going bust rises almost a third in one yearREA Group now has eight and a half hours to decide whether to make another offer for Rightmove, in the hope of winning the board\u2019s support, before hitting\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":50035,"position":4},"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":25287,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronation-3g-privatisation-offer-for-sim-lian-becomes-unconditional\/","url_meta":{"origin":50035,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50035"}],"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=50035"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/50035\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=50035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=50035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=50035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}