Poh Tiong Choon Logistics now 97% owned by CEO

29 Nov 2017 - Business Times Breaking News
THE chairman and chief executive of Poh Tiong Choon Logistics Ltd (PTC Logistics) now holds 96.72 per cent of the group, after launching an offer for the firm in September.In an exchange filing on Wednesday evening, PTC Logistics said that Poh Choon Ann has acquired 204.99 million shares in the company ...
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Closing date for buyout offer on PTC Logistics extended to Nov 27

20 Nov 2017 - Business Times Breaking News
THE closing date for the buyout offer on Poh Tiong Choon Logistics Limited (PTC Logistics) has been extended from Monday to Nov 27, the offeror said on Monday. PTC Logistics had in September received a buyout offer pegged at S$1.30 per share from Respond Logistics, a vehicle backed by the firm's chairman, ...
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Buyout offer fair and reasonable: IFA tell PTC Logistics shareholders

20 Oct 2017 - Business Times Breaking News
INDEPENDENT financial advisors (IFA) have urged shareholders of Poh Tiong Choon Logistics (PTC Logistics) to accept the buyout offer for the company at S$1.30 per share. In a statement released on Friday, PTC Logistics said that the IFA have found the offer to be "fair and reasonable from a financial ...
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Voluntary offer for Poh Tiong Choon Logistics turns unconditional

12 Oct 2017 - Business Times Breaking News
THE voluntary conditional cash offer for Poh Tiong Choon Logistics (PTC Logistics) was declared unconditional in all respects on Thursday, after the minimum acceptance condition has been satisfied.The closing date for the offer was hence extended from Nov 6 to Nov 20. PTC Logistics had in September received ...
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Stocks to watch: Poh Tiong Choon, Addvalue, SembMarine, Genting HK

4 Oct 2017 - Business Times Breaking News
THE following companies saw new developments that may affect trading of their shares on Wednesday: Poh Tiong Choon: Mainboard-listed Poh Tiong Choon Logistics said before trading hours on Wednesday, Ernst & Young Corporate Finance has been appointed as the independent financial adviser to its directors ...
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Ernst & Young to advise Poh Tiong Choon's directors on S$275.5m privatisation offer

4 Oct 2017 - Business Times Breaking News
Mainboard-listed Poh Tiong Choon Logistics has appointed Ernst & Young Corporate Finance as the independent financial adviser on a buy-out offer from the firm's chairman, the company announced before the market opened on Wednesday.The firm has received in September a buy-out offer pegged at S$1.30 per ...
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Daily Briefing: Healthtech startup raises $5.2m; Poh Tiong Choon Logistics looking to privatise

22 Sep 2017 - Singapore Business Review
And a Canadian team wins $100,000 in a business plan contest. From Tech in Asia: MyDoc, a Singapore-based healthtech startup, raised US$5.2 million in a series A funding round. Since its inception in 2014, the startup has focused on solving employee healthcare management for large enterprises. Its new ...
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Poh Tiong Choon: Voluntary Conditional Cash Offer At S$1.30 Per Share.

20 Sep 2017 - ShareInvestor Express
Offer Price of S$1.30 per Share. Offeror has secured irrevocable undertakings from shareholders holding about 66.7% of the Shares. Offer will be declared unconditional in all respects upon receipt of valid acceptances pursuant to these irrevocable undertakings. Offeror intends to privatise the Company ...
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PTC Logistics posts 21% drop in Q1 profit

15 May 2017 - Business Times Breaking News
POH Tiong Choon Logistics (PTC Logistics) reported a 21 per cent drop in net profit for its fiscal first quarter ended March 31 to S$3.62 million.Revenue fell 4 per cent to S$35.5 million due to a decrease in volume handled by the transportation and bulk cargo division, partially offset by an increase ...
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Poh Tiong Choon Logistics Q4 earnings down 4%

1 Mar 2017 - Business Times Breaking News
LAND cargo transportation company Poh Tiong Choon Logistics' (PTC) earnings rolled downhill for the fourth quarter ended Dec 31, 2016. It suffered a loss of 4 per cent when profits fell to S$3.72 million from S$3.87 million in the previous year, the company said in a Singapore Exchange filing on Wednesday.
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