【Synear Z75 交流专区】思念食品 SYNEAR FOOD HOLDINGS LIMITED

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Synear surges after bid to take company private
http://www.theedgesingapore.com/the-daily-edge/business/40549-synear-surges-after-bid-to-take-company-private-.html

Mon, 15 Oct 12:24  
Shares of Synear Food Holdings surged after its main shareholders offered to take the Singapore-listed Chinese frozen food producer private, valuing the company at nearly $256 million.

Synear’s executive chairman, Li Wei, and his affiliates already hold 50.13% of Synear’s issued shares. Their vehicle, Fortune Domain, offered to buy the remaining shares at $0.186 each.

On Monday, Synear shares rose as much as 6.9% to their highest intra-day level since April 2011, matching the offer price. More than 28 million shares were traded, about 17 times the average full-day volume over the past 30 days.

Synear was the top-traded stock by volume in the Singapore market on Monday. Before the offer announcement, the stock had gained 35% this year versus the 24% gain in the FT ST Small Cap Index.

Bosses of Singapore-listed companies are taking their firms private to take advantage of beaten-down prices and cheap financing, more than trebling management buyout deals in the island-state to US$10.9 billion ($13.3 billion) compared with the whole of 2011.

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Name of Announcer *	SYNEAR FOOD HOLDINGS LIMITED
Company Registration No.	N.A.
Announcement submitted on behalf of	SYNEAR FOOD HOLDINGS LIMITED
Announcement is submitted with respect to *	SYNEAR FOOD HOLDINGS LIMITED
Announcement is submitted by *	Li Wei
Designation *	Executive Chairman
Date & Time of Broadcast	14-Aug-2013 18:35:04
Announcement No.	00209

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

For the Financial Period Ended *	30-06-2013
Description	Please refer to the attached file.

Attachments

Synear_2Q2013Results_14Aug2013.pdf EYCFPL_Report.pdf BDO_Report.pdf