The voting for Blackstone cash offer of 1.17 for $Croesus RTrust(S6NU.SI) is on 13 September 2017. It is a real dilemma on whether to accept the privatisation offer. Some reasons cited by Manager for accepting:
1) Premium to NAV
2) Cash offer exceed all analysts' target
3) Low trading liquidity

After observing what had happened online, I decided to sell all my shareholdings at $1.155 on the open market. Find out my reasons for doing so.


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7 people like this.
clementboo :

Since last divy was only up to end Jun, not sure if delisted by Oct we still entitled for Jul-Sep divy, any one can advise?

Ben :

Reply to @clementboo : algo trading. if u check there isnt any transaction done @ 117 with >1000 shares

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LucasYong :

sold at 1.165.. the money is good enough for me... lolx

123Letsgo :

2 important questions... 1) When will the money be back? 2) Any suggestions where to deploy it

fasttwitch :

When will the money from the buy out be paid ?

inspirez :

Reply to @fasttwitch : 23 Oct, if nothing goes wrong or gets delayed.

Parrothead :

Done deal! No dilemma, no ifs, no buts..... Where to put the Croesus $$$$ is the question ???

layers :

Reply to @Gus : starhill also not bad

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chongtian :

Today last minute a lot of buy in at 1.165 any ideas why since offer price only 1.17

inspirez :

Since result is more or less confirmed, no point for any live updates.

I'm going there to cast my useless 'against' vote. No PE election cannot vote, so take this chance to 'cast my vote'!

layers :

any live show/reporting Tml?

result wat time will know?

Ben :

It will be a landslide takeover victory. Usually minority makes the biggest noise across platform to build awareness but the majority which is the rich are thinking of a strategy. Blackrock can just have thousand of related investor buy the shares over the last 2 to 3 months and attend tomorrow meeting with the yes vote. Problem solved for them

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Croesus Retail Trust: To Be Delisted From SGX-ST From 26 October 2017.
- Original Post from ShareInvestor Express

$Croesus RTrust(S6NU.SI) Croesus Retail Trust will be delisted from the Official List of the SGX-ST with effect from 26 October 2017...

Attachment 1: CRT_Payment_of_Scheme_Consideration_and_Delisting.pdf

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