Juken Technology called for a Trading Halt yesterday and announced that it has signed a non binding indicative term sheet with the Frencken Group. In the announcement, Frencken proposes to acquire all the shares of Juken in a Scheme of Arrangement. Investors should note that no definitive agrement or terms have been reached and the proposed acquisition may not even take place. However, if the deal does go through, this will be the third company in my Stock Picks being privatised - starting with Sinomem, then Allgreen and now potentially Juken. I guess this is a problem that may occur when you recommend stocks which are on low valuatons as the owners or potential investors find it more attractive to delist them.
There is no information available yet but investors can look at Frencken's acquisition of ETLA, also a scheme, to see how ......