Shares & Derivatives
Another one bites the dust – Suntory announces plans to delist Cerebos Pacifici Ltd its 82% subsidiary at S$6.60 per share…..
By Kevin Scully-Financial Blog  •  August 2, 2012
Another one bites the dust - Suntory announces plans to delist Cerebos Pacifici Ltd its 82% subsidiary at S$6.60 per share..... Thursday, 2 August, 2012  10:9 AM
Posted by Kevin Scully

Another one of my Stock Picks (Yield) - Cerebos Pacific Ltd) is now likely to be delisted.  This is fourth Stock Pick and joins the ranks of Sinomem, Adampak, Allgreen and Juken.  In an announcement to the SGX yesterday, Cerebos indicated that Suntory Group, its 82% shareholder intends to delist Cerebos and will make an exit offer of S$6.60 per share to all minority shareholders.  Cerebos also announced its Q2-2012 results yesterday.  While revenue was relatively flat with growth of less than 5%, net profit for Q2-2012 rose 40% to S$22.7mn but if we exclude other income which is the recognition of an insurance claim of $2.7mn, net profit rose about 23.1% ...

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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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