The Board of Directors wishes to announce that the Company will be applying to Bursa Securities for an extension of time in order to implement the necessary procedures to withdraw its listing status from the Official List of Bursa Securities in accordance with Chapter 16 of the LR. (Stem), formerly Star Peak Energy Transition Corp. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as stated in the Earlier Announcements in relation to the Public Shareholdings Spread. (STEM) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Estimated financial data (e) (USD) More Financials Company Stem, Inc. PUBLIC SHAREHOLDINGS SPREAD STEMLIFE BERHAD TypeĚnnouncement Subject PUBLIC SHAREHOLDINGS SPREAD Description StemLife Berhad ("StemLife" or "The Company") Non-compliance with Public Shareholding Spread pursuant to Rule 8.02(1) of the ACE Market Listing Requirements ("LR") of Bursa Malaysia Securities Berhad ("Bursa Securities") We refer to the announcements dated 22 December 2015, 23 December 2015 and 28 January 2016 and 11 February 2016 (“Earlier Announcements”). The company is forecast to post a net loss per share of US0.71 next year compared to a net loss per share of US0.96 last year.
New target price is 140 above last closing price of US6.94. It was noted that Cordlife does not intend to maintain the listing status of the firm if the all-cash offer, which is worth RM1.4 billion, goes through. Down from US18.00, the current price target is an average from 8 analysts. Significance: The offer price of RM0.45 represents a RM0.025 or 5.9 percent premium against StemLife’s closing price of RM0.425 on 12 November. View analysts' price targets for SThree or view top. Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share. It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. This suggests a possible upside of 84.4 from the stock's current price. Stem Inc stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. 3:13p Oil prices end lower to break a string of weekly gains as demand worries linger. On average, they expect SThree's share price to reach GBX 650 in the next year. analyst estimates, including STEM earnings per share estimates and analyst recommendations. Their STEM stock forecasts range from GBX 650 to GBX 650. The company has said that its board will hold a meeting to deliberate the offer and make an announcement in due course. 1 Wall Street analysts have issued 12-month target prices for SThree's shares. Other notable shareholders in StemLife include Berjaya Corporation (10 percent) and JP Morgan Chase (4.6 percent). The take-over offer was triggered after Cordlife, already a major shareholder of firm, crossed the 33 percent threshold with the purchase of 3 million shares or 1.2 percent of the company on 12 November. StemLife Receives Takeover Offer At RM0.45 Per Share Stem cell banking company StemLife has received a mandatory takeover offer from its major shareholder, Singapore-listed Cordlife Group, to acquire the remaining 67 percent stake it does not own in the company for RM0.45 per share.
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