Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 28 April, <a href="https://www.smartkarma.com/entities/amara-holdings-ltd" target="_blank" data-smartkarma-citation="entities:2692:1" rel="noopener">Amara (AMA SP)</a>, a property/hotel play,  announced a best-and-final conditional S$0.895/share Offer, a 27% to undisturbed and a lifetime high, from the controlling Teo family.</li>
<li>This was the Family's second attempt to take Amara private after its November 2023 best-and-final unconditional Offer at S$0.60/share as discussed in <a href="https://www.smartkarma.com/insights/amara-ama-sp-teo-family-s-lifetime-high-offer" target="_blank" data-smartkarma-citation="insights:117546" rel="noopener">Amara (AMA SP): Teo Family's Lifetime High Offer</a>.
</li>
<li>The Offeree circ is now <a href="https://links.sgx.com/FileOpen/Amara_Offeree_Circular.ashx?App=Announcement&amp;FileID=847028" target="_blank" rel="noopener">out</a>. The IFA says fair &amp; reasonable. The Offer closes on the 10th June - no extension. The Offer is unconditional in all respects. </li>
</ul>


Back on the 28 April, Amara (AMA SP), a property/hotel play,  announced a best-and-final conditional S$0.895/share Offer, a 27% to undisturbed and a lifetime high, from the controlling Teo family.
This was the Family's second attempt to take Amara private after its November 2023 best-and-final unconditional Offer at S$0.60/share as discussed in Amara (AMA SP): Teo Family's Lifetime High Offer.

The Offeree circ is now out. The IFA says fair &amp; reasonable. The Offer closes on the 10th June - no extension. The Offer is unconditional in all respects. 


Amara (AMA SP): Trading At Terms. Will Be Suspended At Offer Close. Tender/Sell - Or Avoid

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

<ul><li>Link has appointed a former Nuveen executive to lead its expansion into Japan, signaling the company's commitment to growing its presence in the region.</li><li>Amara Chairman is spearheading a $392 million bid to privatize a Singapore hotel group, demonstrating a growing trend of investments in the hospitality industry.</li><li>ANREV reports a significant decline of over 50% in global real estate capital raising from its peak in 2022, highlighting challenges in the current market environment.</li></ul>

Link has appointed a former Nuveen executive to lead its expansion into Japan, signaling the company's commitment to growing its presence in the region.Amara Chairman is spearheading a $392 million bid to privatize a Singapore hotel group, demonstrating a growing trend of investments in the hospitality industry.ANREV reports a significant decline of over 50% in global real estate capital raising from its peak in 2022, highlighting challenges in the current market environment.

Asia Real Estate Tracker (29-Apr-2025): Link Points Tokyo expansion with Nuveen executive hire

<ul>
<li>
<a href="https://www.smartkarma.com/entities/amara-holdings-ltd" target="_blank" data-smartkarma-citation="entities:2692:1" rel="noopener">Amara Holdings (AMA SP)</a>, a property/hotel play, has <a href="https://links.sgx.com/FileOpen/Offer_Announcement%20-%2028%20April%202025.ashx?App=Announcement&amp;FileID=842944" target="_blank" rel="noopener">announced</a> a best-and-final conditional S$0.895/share cash Offer, a 27% to undisturbed and a lifetime high, from the controlling Teo family.</li>
<li>If Amara sounds familiar, in November 2023, the family <a href="https://links.sgx.com/FileOpen/Offer_Announcement.ashx?App=Announcement&amp;FileID=778029" target="_blank" rel="noopener">launched </a> a best-and-final unconditional cash Offer at S$0.60/share as discussed in <a href="https://skr.ma/CYHLC" target="_blank" rel="noopener">Amara (AMA SP): Teo Family's Lifetime High Offer.</a>
</li>
<li>This new Offer has a 90% acceptance condition. Irrevocables tally 90.58%. Done and done. </li>
</ul>



Amara Holdings (AMA SP), a property/hotel play, has announced a best-and-final conditional S$0.895/share cash Offer, a 27% to undisturbed and a lifetime high, from the controlling Teo family.
If Amara sounds familiar, in November 2023, the family launched  a best-and-final unconditional cash Offer at S$0.60/share as discussed in Amara (AMA SP): Teo Family's Lifetime High Offer.

This new Offer has a 90% acceptance condition. Irrevocables tally 90.58%. Done and done. 


Amara (AMA SP): Teo Family Reloads At S$0.895/Share

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/amara-holdings-ltd" target="_blank" data-smartkarma-citation="entities:2692:1" rel="noopener">Amara Holdings (AMA SP)</a> has disclosed a voluntary conditional offer from a three-member consortium at S$0.895 per share, a 27.0% premium to the last close price. </li>
<li>Irrevocables, including from the 2023 VGO offeror, represent 90.58% of the outstanding shares, ensuring that the 90% minimum acceptance condition will be satisfied and the offer will be declared unconditional. </li>
<li>The offer price is final. The offer is attractive and represents an all-time high, and is 49.2% above the 2023 VGO price. </li>
</ul>



Amara Holdings (AMA SP) has disclosed a voluntary conditional offer from a three-member consortium at S$0.895 per share, a 27.0% premium to the last close price. 
Irrevocables, including from the 2023 VGO offeror, represent 90.58% of the outstanding shares, ensuring that the 90% minimum acceptance condition will be satisfied and the offer will be declared unconditional. 
The offer price is final. The offer is attractive and represents an all-time high, and is 49.2% above the 2023 VGO price. 


Amara Holdings (AMA SP): Conditional VGO at S$0.895

<ul>
<li>Late Friday (28th November), general building contractor <a href="https://www.smartkarma.com/entities/low-keng-huat-singapore-ltd" target="_blank" data-smartkarma-citation="entities:1928:1" rel="noopener">Low Keng Huat Singapore (LKH SP)</a> ("LKH") announced a voluntary conditional Offer from Dato' Marco Low Peng Kiat, LKH's controlling shareholder (54.13%).</li>
<li>Low is offering S$0.72/share, a so-so 17.1% premium to undisturbed, but a decade-high price. Plus the share price is up 104% YTD. Recent results (to 31st July) were also underwhelming.</li>
<li>The Offer has a 90% acceptance hurdle condition. Low does not intend to maintain listing. The price hasn't been declared final, possibly leading to a bump in the home stretch. </li>
</ul>


Late Friday (28th November), general building contractor Low Keng Huat Singapore (LKH SP) ("LKH") announced a voluntary conditional Offer from Dato' Marco Low Peng Kiat, LKH's controlling shareholder (54.13%).
Low is offering S$0.72/share, a so-so 17.1% premium to undisturbed, but a decade-high price. Plus the share price is up 104% YTD. Recent results (to 31st July) were also underwhelming.
The Offer has a 90% acceptance hurdle condition. Low does not intend to maintain listing. The price hasn't been declared final, possibly leading to a bump in the home stretch. 


Singapore

Amara Holdings Limited operates hotels and restaurants, provides food and beverage catering services as well as develops and invests in properties.  The Company owns and operates Amara Hotel and invests in shares.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Amara Holdings (AMA SP)

Amara (AMA SP): Trading At Terms. Will Be Suspended At Offer Close. Tender/Sell - Or Avoid

Trading at terms. It's unconditional. Free float is lost - this will be suspended at the close of the Offer. Tender or sell in the market. Or avoid...

David Blennerhassett

Asia Real Estate Tracker (29-Apr-2025): Link Points Tokyo expansion with Nuveen executive hire

Link hires Tokyo Nuveen exec, Amara Chairman leads $392M bid in Singapore, while global real estate capital raising drops by over 50% from peak in...

Asia Real Estate Tracker