They may purposely push down prices so that they can acquire shares cheaply. Am I right to say that a PLC requires only 25% public spread to de-list? Now Star has about 42% to 43% equity..it may need to buy more and more at lower prices.
I believe Star has plenty of assets- its big printing plants in Penang, Shah Alam, Menara Star bought for RM62 million cash years ago but should be worth double or triple now etc (forget the book value which often writes down the value)
Don't you think minority shareholders as always will suffer? Is de-listing actually a scam besides the pros and cons?
Stock: [STAR]: STAR MEDIA GROUP BERHAD
2017-11-16 08:13 | Report Abuse
Hello sifus and gurus. I am a newbie.
Do you think Star may be planning to de-list?
They may purposely push down prices so that they can acquire shares cheaply. Am I right to say that a PLC requires only 25% public spread to de-list? Now Star has about 42% to 43% equity..it may need to buy more and more at lower prices.
I believe Star has plenty of assets- its big printing plants in Penang, Shah Alam, Menara Star bought for RM62 million cash years ago but should be worth double or triple now etc (forget the book value which often writes down the value)
Don't you think minority shareholders as always will suffer? Is de-listing actually a scam besides the pros and cons?
Sin Chew, Nanyang, NSTP have all been de-listed.
Please comment.