Refer to my two previous
posts on Excelpoint:
http://superphang.blogspot.com/2021/05/excelpoint-potential-multibagger.html of 22 May 2021
http://superphang.blogspot.com/2021/08/excelpoint-up-29609-in-day.html
of 7 Aug 2021
Excelpoint
announced on 13 April 2022 that WT Microelectronics Co., Ltd. (TWSE: 3036)
(“WT”), through its wholly owned subsidiary WT Semiconductor Pte Ltd and
Excelpoint have entered into a definitive agreement pursuant to which WT,
through the Acquiring Entity, will acquire 100% equity in Excelpoint by way of
a scheme of arrangement at a cash consideration of S$1.93 per Excelpoint share. The
transaction, which values 100% equity of Excelpoint at over S$232.2 million, is
expected to close in the third quarter of 2022, subject to the approvals of
Excelpoint shareholders and relevant regulatory authorities as well as the
sanction of the Scheme by the Singapore High Court.
The Excelpoint founder
and CEO, Mr. Albert Phuay, will reinvest part of the cash consideration due to
him under the Scheme in 20% equity of the Acquiring Entity, with the balance
80% stake owned by WT. Mr. Albert Phuay will continue to be the CEO of
Excelpoint.
With the xd date for the 8.8 cents dividend set for 28 April, the price per share will add up to $2.018. This is some gap to my original target of $2.33 set in last May. Anyway, my ROI is easily more than 188% in less than a year. Solid!
The next challenge for me is to find another multibagger to maintain my solid
ROI.
Prescientsuperphang
http://superphang.blogspot.sg
