27 December 2012

Singapore Stock Market Daily Update - 27 December 2012

Olam - The company announced on Thursday it had bought the shares of NZ Farming Systems Uruguay Ltd that it did not already own at NZ$0.75 per share. The total acquisition cost was NZ$159.6 million ($130.5 million).

Technics Oil & Gas - The company announced that it had agreed to issue 10.7 million new shares to Eversendai Corporation Bhd via a placement at S$1.05 each.

> Nikkei hits 20-1/2 month high as yen weakens
> Wall Street drops in thin session, led by retailers
> Bond prices gain as US fiscal deadline approaches
> Yen flirts with 2-year lows on new Japan govt
> Gold edges down, US fiscal talks in focus
> Oil up to 9-week high on US fiscal talks
> Key political risks to watch in Singapore

Q&M - The company announced a takeover bid of about S$22.65 million for Catalist-listed
Singapore Medical Group Limited (“SMG”), accelerating access into the lucrative multi-disciplinary
specialist medical practice in the region. Q & M, the largest private dental healthcare group in Singapore providing both general practitioner and specialist services, is offering S$0.1323 for each share of SMG. The offer price is a 41% premium over SMG’s last traded share price of S$0.094 on 21 December 2012. As at 30 June 2012, the book value and net tangible asset value of SMG shares was about S$4.23 million respectively. Based on the weighted average share price of SMG on 21 December 2012, the market value of SMG shares was about S$13.69 million. Q & M will purchase a 72.57%-stake from two substantial shareholders of SMG – Felix Huang and Dr Xiaoyan Baumann Geb Bi – for a total price of S$13.99 million. Huang is the Chairman of SMG while Dr Baumann is the Chief Executive Officer. The proposed transaction triggers a mandatory general offer for the remaining shares of SMG at S$0.1323 a share. Barring any unforeseen circumstances, the proposed deal is expected to complete in second quarter of 2013

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