FJ Benjamin (FJB SP: S$0.825) BUY (Maintained) - by DMG 原来ST James 是FJ Benjamin的女儿。FJ Ben不是卖服装的吗？怎么有个发电厂女儿啊？ =============================== FJ Benjamin (FJB SP: S$0.825) BUY (Maintained) More cash returns? FJB announced the listing of its associate, St. James Power Station through a reverse takeover. The RTO is targeted for completion by 1Q 2008. FJB's 30.4% stake is valued between S$24.3m – S$32.8m, depending on the financial performance of St. James. Post listing, FJB's stake will be reduced to 25.2% with potential for further dilution upon a subsequent placement. Maintain BUY with price target of S$1.03. Listing of St. James Power Station. FJB's 30.4% owned St. James Power Station (SJPS) – the 70,000 sq ft multi-concept entertainment centre, an amalgamation of nine theme clubs located – is seeking listing via a reverse takeover of JK Technology Group (JK Tech), a Sesdaq-listed IT company. The consideration of the RTO could range between S$80.0m – S$108.0m, depending on S (more...)