Singapore: mm2 Asia eyes acquisition; Wing Tai in takeover bid; Imperium Crown raises funds

25 May 2017 - DealStreetAsia
mm2 Asia is in talks to acquire a stake in the Golden Village cinema business in Singapore, while Wing Tai Holdings has launched a takeover bid for Wing Tai Malaysia. Imperium Crown is raising funds in a placement to finance its acquisition. mm2 Asia announced Friday that it is in preliminary discussions ...
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Wing Tai Holdings launches S$94m takeover bid for Malaysian-listed counterpart

23 May 2017 - Business Times Breaking News
SINGAPORE-LISTED Wing Tai Holdings launched a RM290 million (S$94 million) takeover offer on Tuesday for its Malaysian-listed counterpart Wing Tai Malaysia Berhad (WTM) at RM1.80 cash per share. The offer price represents some 53 per cent premium over WTM's last traded price of RM1.18 on Monday - the ...
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Wing Tai: Voluntary Unconditional Cash Offer For Wing Tai Malaysia At RM1.80 Per Offer Share.

23 May 2017 - ShareInvestor Express
On 23 May 2017, Wing Tai Holdings Limited and Wing Tai Investment & Development Pte Ltd had, through Maybank Investment Bank Berhad, served a notice of unconditional voluntary take-over offer, to acquire all the issued ordinary shares of Wing Tai Malaysia Berhad not already owned by the Joint Offerors ...
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Hot stock: Wing Tai trading halt fuels speculation on privatisation of Malaysia counterpart

23 May 2017 - Business Times Breaking News
WING Tai Holdings and its Malaysian counterpart, Wing Tai Malaysia Berhad, halted trading in their shares on Tuesday, prompting some analysts to speculate that the Singapore-listed property group was poised to privatise its Malaysia counterpart. UOB Kay Hian's analysts believe a potential corporate action ...
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Wing Tai's net profit surges to S$7.4m, revenue slips 35% to S$73.5m in Q3

11 May 2017 - Business Times Breaking News
PROPERTY and retail company Wing Tai Holdings posted a net profit of S$7.4 million in its third quarter, a surge of 255 per cent from the previous year, the group said in a Singapore Exchange filing on Thursday evening.This brings its net profit for nine months ended March 31, 2017 to S$10.6 million, ...
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Wing Tai poised for more acquisitions despite muted 1Q results

17 Nov 2016 - Singapore Business Review
Its current net cash amounts to $965.7m. Given soft conditions in the domestic real estate space, Wing Tai’s earnings continued its downtrend over the latest quarter as the group’s 1QFY17 PATMI decreased 48% YoY to S$1.1m (versus S$2.0m in 1QFY16). Topline over the quarter similarly slipped 59% YoY ...
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Wing Tai Q1 profit down on lower contribution from development properties

27 Oct 2016 - Business Times Breaking News
WING Tai's first quarter net profit halved to S$1.06 million from S$2.03 million in the same year-ago quarter. For the three months ended Sept 30, 2016, revenue fell 59 per cent to S$70.19 million from the previous year. This was due largely to lower contribution from the development properties division, ...
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Downward pressure on home prices intensifies as more projects face ABSD deadlines

20 Sep 2016 - Singapore Business Review
5 projects nearing Jan2017 deadline remain unsold. In the coming months, MayBank KimEng believes that the spotlight will be on the actions of developers that have significant unsold units for projects facing their respective ABSD deadlines. Developers who bought residential land since its implementation ...
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Wing Tai profits to take a beating as retail, residential property languish in 2016

25 Aug 2016 - Singapore Business Review
It’s already shuttered 30-40 stores year to date. It’s going to be an uphill battle for Wing Tai’s Singapore retail and residential segments, as analysts believe that the respective sectors will continue to be battered by headwinds. According to a report by RHB, Wing Tai is not as optimistic for Singapore ...
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Will Wing Tai’s debt headroom be enough to sustain Malaysia, China growth?

25 Aug 2016 - Singapore Business Review
Debt headroom is currently sitting at $2b. Overseas growth is on the cards for Wing Tai, as analysts believe the firm has significant debt headroom to propel growth in China, Malaysia, and even Australia. According to a report by UOB Kay Hian, with some $2b in debt headroom (assuming comfortable net ...
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