THE lowball privatisation offer for construction engineering company TTJ Holdings was declared unconditional earlier this month, as the level of acceptances pushed the offeror’s stake past the 90 per cent threshold.

THE voluntary conditional cash offer to privatise TTJ Holdings from THC Venture – an investment holding company held solely by TTJ’s executive chairman Teo Hock Chwee – has turned unconditional, the company announced in a bourse filing on Saturday (Jul 9)

THC Venture announced in a bourse filing on Thursday (Jul 7) that it has extended the closing date of its privatisation offer for TTJ Holdings from Jul 8 to Jul 22.

THC Venture, an investment holding company set up by TTJ Holdings’ executive chairman and controlling shareholder Teo Hock Chwee, says it does not intend to increase its offer price of 23 cents per share.Teo owns 84.4% of the shares in TTJ while his daughter, Teo Geok Hong, owns 0.1%.TTJ Holdings,...

THC Venture, which has made a bid to privatise structural steel specialist TTJ Holdings, does not intend to raise its offer price of S$0.23 per share, it said in a Wednesday (Jun 29) bourse filing.

MINORITY shareholders of TTJ Holdings might have been surprised to learn last week that the company’s board is recommending they reject the cash offer of S$0.23 per share from THC Venture, a privately held company owned by TTJ’s controlling shareholder and executive chairman Teo Hock Chw...

On June 24, ZICO Capital, the independent financial adviser to TTJ Holdings’ independent directors has recommended that they should recommend minority shareholders to reject the offer. One of the reasons is that the amount needed to take TTJ private is less than the net cash position of the co...

IN A surprising move, 4 directors of structural steel specialist TTJ Holdings are recommending that shareholders reject the recent privatisation offer of S$0.23 in cash per share made by THC Venture, an investment holding company held solely by TTJ’s executive chairman Teo Hock Chwee.

HERE we go again. On May 20, TTJ Holdings announced that its controlling shareholder is making a voluntary cash offer for the company at a steep discount to its book value; and that the offeror will exploit an often-used loophole to reach the compulsory acquisition threshold more easily.

In a recent discussion, an analyst who declined to be named says Singapore has always had a lot of deep-value plays which trade at very low valuations for years. However, “when the major shareholder gets fed up and makes an offer, he won’t make a super high offer, given the deep discount the sto...

“Although this offer of $0.23 represents a premium over its VWAP price, the deal puts TTJ Holdings to be valued at 0.63x book (NAV 37 cts). Additionally, given that they have $32 million net cash (and financial assets), or 9 cents per share and record order book of $187 million, we think managemen...

THE following companies saw new developments that may affect trading of their securities on Monday (May 23):

THE executive chairman of mainboard-listed TTJ Holdings is looking to take the structural steel specialist private at an offer price of S$0.23 in cash per share.

TTJ Holdings Limited today announced its order book has reached $187 million on the back of several new structural steel contracts secured. The company expects to substantially complete these projects between FY2022 and FY2024. The Group’s core business lies in the design, supply, fabrication and ...

STRUCTURAL steel fabricator TTJ Holdings returned to the black as it posted a net profit of S$1.6 million for the half-year ended July 31 from a loss of S$14.1 million in the same period a year ago.