Just cannot understand how THolding conducting their business ? SPC and other power station is making so much money and yet they want to sell it away.
Now CSM is being pursued by ATIC from ABu Dhabi, yet they don want to sell away ? Why Why ?
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SINGAPORE: Singapore-listed Chartered Semiconductor Manufacturing asked for a trading halt early Friday to clarify reports which said the Abu Dhabi government had made an offer to buy a major stake in the company.
According to a Business Times report, the Abu Dhabi government's Advanced Technology Investment Company (ATIC) had offered to buy a 60 per cent stake in Chartered at between S$2.40 and S$2.60 a share.
The deal would have valued the chip maker at around S$2.45 billion.
The 60 per cent stake is currently owned by Singapore investment company Temasek Holdings.
In a filing with the Singapore Exchange, Chartered said it has received no such bid.
Temasek told Channel NewsAsia that it is not its practice to comment on market rumours.
Chartered's shares resumed trade at 11.15am at S$2.25 a piece, up 3.2 per cent.
Now CSM is being pursued by ATIC from ABu Dhabi, yet they don want to sell away ? Why Why ?
=========================================================
SINGAPORE: Singapore-listed Chartered Semiconductor Manufacturing asked for a trading halt early Friday to clarify reports which said the Abu Dhabi government had made an offer to buy a major stake in the company.
According to a Business Times report, the Abu Dhabi government's Advanced Technology Investment Company (ATIC) had offered to buy a 60 per cent stake in Chartered at between S$2.40 and S$2.60 a share.
The deal would have valued the chip maker at around S$2.45 billion.
The 60 per cent stake is currently owned by Singapore investment company Temasek Holdings.
In a filing with the Singapore Exchange, Chartered said it has received no such bid.
Temasek told Channel NewsAsia that it is not its practice to comment on market rumours.
Chartered's shares resumed trade at 11.15am at S$2.25 a piece, up 3.2 per cent.
