Hong Fok Corporation Limited (SG)

Partial offer for unlisted Hong Fok Land International Ltd lapses
Company announcement, 14-Sep-2007
Winfoong IFA: offer price for unlisted shares is fair and reasonable
Company circular, 23-Aug-2007
...which is a contradiction of their previous advice, before the distribution of the unlisted shares was approved.
Winfoong "independent" shareholders approve distribution of unlisted shares by 96.6%
Company announcement, 25-Jul-2007
...despite the IFA telling them it was neither fair nor reasonable.
Winfoong IFA: proposed distribution of unlisted shares is neither fair nor reasonable
Company circular, 29-Jun-2007
...and if the distribution proceeds, then the IFA, Hercules Capital, says that the partial Offer for the distributed shares is "unattractive and is not fair and reasonable".

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