Thursday, December 27, 2012

SC Global

SC Global: Independent financial advisers note that the $1.80-per-share offer by CEO and Chairman Simon Cheong in SC Global is "fair and reasonable. Urge shareholders to accept bid or sell in open market if price is higher. Independent advisers PrimePartners Corporate Finance said that SC Global's RNAV per share is $2.25 on an as-is valuation basis, and $2.16 on a gross development value basis, based on the estimated revaluation surpluses on unsold and/or uncompleted development properties.

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