I bought STXOSV at 1.275. This is at a much higher price than the price offered by Italian at 1.22.
Here is some feedback from ShareJunction.
****************************************************
When the GO is lapsed, there are 2 scenario:
1) If the floating share is more than 10% , the shares will continue listing and it won't affect you at all
2) If the floating share is less than 10%, you will have a second chance to sell the shares back to the Italian at $1.22.
Fyi, scenario 1 is the most likely case judging from the current share price (> $1.22).
=============================
satanist2001 ( Date: 18-Feb-2013 10:16) Posted:
Hi all,
i have a question. i do have some stocks on hand. if i do not accept the italian offer and this lapse through the deadline of march.
if its a GO, will my stocks be worthless? or will the italians compulsory get it from me at 1.22?
Monday, 18 February 2013
Dividend Chaser saw article on Singapore Protest
Singapore’s biggest political protest since allowing these events at a downtown park in 2000 may signal growing difficulty by Prime Minister Lee Hsien Loong’s government to push policies without broader support.
Thousands of protesters gathered on Feb. 16 at Speakers’ Corner at Hong Lim Park at the edge of the city’s financial district in the rain to oppose the government’s plan to raise the population through immigration. Lawmakers from Lee’s party, which has ruled Singapore since independence in 1965, endorsed a white paper earlier this month that outlined proposals to allow more foreigners through 2030 to boost the workforce.
“It’s a big red flag and they cannot go on with business as usual, with their old way of doing things of letting it blow over and letting emotions run their course,” said Terence Lee, who teaches politics at National University of Singapore. “This is not an emotional hump. I won’t be surprised if significant changes happen at the ballot box in 2016.”
The rally increases pressure on the government to slow an influx of immigrants that has been blamed for infrastructure strains, record-high housing and transport costs and competition for jobs. Singapore’s population has jumped by more than 1.1 million since mid-2004 to 5.3 million and may reach 6.9 million by 2030, based on the proposal. That stoked social tensions and public discontent that is weakening support for Lee’s People’s Action Party.
‘WORK HARDER’
“They will have to work harder at seeking buy-in rather than putting policies across as imperative,” said Eugene Tan, assistant law professor at Singapore Management University and a nominated member of Parliament, who said the protest is the biggest in recent memory. “Gone are the old days where the government believes what is the right thing to do and they don’t care what the public thinks and do what is right. Doing what is right is no longer enough.”
Outdoor protests are banned in Singapore as authorities say the laws help maintain social stability in a country that was wracked by communal violence between ethnic Malays and Chinese in the 1960s. Since easing the restriction more than a decade ago, large-scale protests at the park have centered on issues such as losses from mini-bonds to the city’s worst subway breakdown, rather than politics.
‘NOT HERDED’
Organizer Gilbert Goh, who promoted the event mainly through Facebook, estimated 4,000 people joined the demonstration at the 0.94-hectare (2.3-acre) park that served as a venue for political rallies in the 1950s and 1960s. They sang patriotic songs and held signs saying “we want to be heard, not herded,” and “waiting for 2016,” when the next general election is due.
The turnout, which he earlier estimated at as many as 5,000 two days ago, made it the biggest protest on a political issue since independence, Goh, who was an opposition party member, said in an interview yesterday.
Speakers at the protest included two former presidential candidates, ordinary citizens and members from opposition parties. Vincent Wijeysingha, who ran as a candidate from the Singapore Democratic Party in the 2011 elections, said “we worry for the soul of our country.”
Former Prime Minister Goh Chok Tong, who created the free speech area during his tenure, said he is “pleased” Singaporeans are debating the population issue.
‘SPEAKERS’ RHETORIC’
“I am happy that Speakers’ Corner is serving its purpose,” the former leader said in a Facebook posting. “Cannot say that I think much of speakers’ rhetoric. Too political, too one-sided, appealing to emotions only and not shedding light on important issues.”
The Workers’ Party, the only opposition group with elected members in Parliament, said on its website the plan to spur economic growth through immigration isn’t sustainable.
“A 6.9 million population won’t be good for Singaporeans,” said David Tan, a 48-year-old who owns a garment textile business and attended the protest. “We have 5.3 million people and we can hardly cope. Even if the government can take care of infrastructure, it won’t help much in terms of quality of living.”
There may be as many as 6 million people in Singapore by 2020, and the government will boost infrastructure to accommodate a further increase in the following decade, according to the white paper published last month.
Thousands of protesters gathered on Feb. 16 at Speakers’ Corner at Hong Lim Park at the edge of the city’s financial district in the rain to oppose the government’s plan to raise the population through immigration. Lawmakers from Lee’s party, which has ruled Singapore since independence in 1965, endorsed a white paper earlier this month that outlined proposals to allow more foreigners through 2030 to boost the workforce.
“It’s a big red flag and they cannot go on with business as usual, with their old way of doing things of letting it blow over and letting emotions run their course,” said Terence Lee, who teaches politics at National University of Singapore. “This is not an emotional hump. I won’t be surprised if significant changes happen at the ballot box in 2016.”
The rally increases pressure on the government to slow an influx of immigrants that has been blamed for infrastructure strains, record-high housing and transport costs and competition for jobs. Singapore’s population has jumped by more than 1.1 million since mid-2004 to 5.3 million and may reach 6.9 million by 2030, based on the proposal. That stoked social tensions and public discontent that is weakening support for Lee’s People’s Action Party.
‘WORK HARDER’
“They will have to work harder at seeking buy-in rather than putting policies across as imperative,” said Eugene Tan, assistant law professor at Singapore Management University and a nominated member of Parliament, who said the protest is the biggest in recent memory. “Gone are the old days where the government believes what is the right thing to do and they don’t care what the public thinks and do what is right. Doing what is right is no longer enough.”
Outdoor protests are banned in Singapore as authorities say the laws help maintain social stability in a country that was wracked by communal violence between ethnic Malays and Chinese in the 1960s. Since easing the restriction more than a decade ago, large-scale protests at the park have centered on issues such as losses from mini-bonds to the city’s worst subway breakdown, rather than politics.
‘NOT HERDED’
Organizer Gilbert Goh, who promoted the event mainly through Facebook, estimated 4,000 people joined the demonstration at the 0.94-hectare (2.3-acre) park that served as a venue for political rallies in the 1950s and 1960s. They sang patriotic songs and held signs saying “we want to be heard, not herded,” and “waiting for 2016,” when the next general election is due.
The turnout, which he earlier estimated at as many as 5,000 two days ago, made it the biggest protest on a political issue since independence, Goh, who was an opposition party member, said in an interview yesterday.
Speakers at the protest included two former presidential candidates, ordinary citizens and members from opposition parties. Vincent Wijeysingha, who ran as a candidate from the Singapore Democratic Party in the 2011 elections, said “we worry for the soul of our country.”
Former Prime Minister Goh Chok Tong, who created the free speech area during his tenure, said he is “pleased” Singaporeans are debating the population issue.
‘SPEAKERS’ RHETORIC’
“I am happy that Speakers’ Corner is serving its purpose,” the former leader said in a Facebook posting. “Cannot say that I think much of speakers’ rhetoric. Too political, too one-sided, appealing to emotions only and not shedding light on important issues.”
The Workers’ Party, the only opposition group with elected members in Parliament, said on its website the plan to spur economic growth through immigration isn’t sustainable.
“A 6.9 million population won’t be good for Singaporeans,” said David Tan, a 48-year-old who owns a garment textile business and attended the protest. “We have 5.3 million people and we can hardly cope. Even if the government can take care of infrastructure, it won’t help much in terms of quality of living.”
There may be as many as 6 million people in Singapore by 2020, and the government will boost infrastructure to accommodate a further increase in the following decade, according to the white paper published last month.
Dividend Chaser saw Lian Beng secured 117m contract
Lian Beng construction group said it has secured a $117 million contract for the construction of Skies Miltonia, a condominium development of TG Master, through the group’s wholly-owned subsidiary, Lian Beng Construction (1988).
The project, located at the junction of Yishun Avenue 1 and Miltonia Close, involves the construction of eight 13-storey residential blocks with penthouse and one 3-storey residential block, totalling 420 units, as well as basement car park, swimming pool, communal facilities and shops.
The new contract brings the group’s order book to about $664 million as at 18 February 2013.
The construction of Skies Miltonia is due to commence in March 2013 and will take about 33 months to complete.
The project, located at the junction of Yishun Avenue 1 and Miltonia Close, involves the construction of eight 13-storey residential blocks with penthouse and one 3-storey residential block, totalling 420 units, as well as basement car park, swimming pool, communal facilities and shops.
The new contract brings the group’s order book to about $664 million as at 18 February 2013.
The construction of Skies Miltonia is due to commence in March 2013 and will take about 33 months to complete.
Friday, 15 February 2013
Dividend Chaser on CitySpring
CitySpring XD is on 18Feb. I was queuing at 0.47 these days to sell it but was unsuccessful. Cityspring with dividend yield of 7%+ is good compared to banks very low interest.
Monday, 11 February 2013
Dividend Chaser sells Fragrance
I sold Fragrance last week before Chinese New Year. This stock is not progressing well as I expected and the dividends declared is much lower than previous year quarter.
Thursday, 24 January 2013
Dividend Chaser gets reply from Dividend Warrior
I am happy that Dividend Warrior replied to my queries on his blog. From his reply, I can deduce that he is willing to share and is receptive to suggestions. No wonder he does so well at investing at such a young age of 30. Well done!
Tuesday, 22 January 2013
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