Shares & Derivatives
Juken Technology, one of my Stock Picks has announced that it has signed a non bindng term sheet with Frencken Group for a proposed acquisition
By Kevin Scully-Financial Blog  •  September 15, 2011
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 ......
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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