https://theedgemalaysia.com/node/677634
Frankly Speaking: Market regulator flexes muscles
The relaxation of rules on private placement and rights issue ended on Dec 31, 2022.

https://www.theedgemarkets.com/article/making-solar-industry-viable

Taiwan has their own calendar called Minguo (民国), Mingus 111 is gregorian year 2022.

lehubeng, this happened when market opened at 2:30pm, one buyer want to buy 4,000 lots at 0.045 and a seller willing to sell 4,000 lots at 0.04 (so, he/she queued in front of you at 0.04), and hence a transaction of 4,000 lots at 0.045 done but not from you.

This double takeover is too glaring that the minority shareholders are bring cornered and unfairly treated. If not careful, the IPS's IAC could render the authorities to disapprove the takeover and derail this plan.

Victim of delisted companies, my friends you are not alone lah :(

Chen has all the rights to takeover a listed company. He sure won and even be honoured if he care about the minority shareholders.

A kaki of mine was very upset about this unfair takeover and bet to fight till fairness prevails even meaning RM25,000 (5,000 lots x 0.05) vaporized.

Hi, thanks to care to explain why Chen needed to use the service of RHBIBB. Care to share your option? :)

With the announcement of the revised NTA of no less than RM0.21, hopefully a foreign fund with buy up all the "dirt" cheap shares from the market.

If the motive of the offeror is not to acquire 100% of the shares, he don't even needed to spend a cent to get RHBIBB to initiate the takeover exercise. He can easily get his friendly parties to force the company into delisting status. Wonder why?

TheContrarian, thanks for a clearer picture of this delisting issue.

TheContrarian, could you elaborate a bit more on the scenario after delisting? Do you mean if the offeror really need 100% of the shares, he will have to make private arrangement with those holding the delisted shares at mutual agree price ? Thanks

So IPS recommends holders to REJECT the offer. The RNAV is likely to be higher than RM0.21.

How much weight is the IAC's recommendation in the eye of the approval authorities ?

Bursa/SC should not delisted a company under takeover offer so that the offeror take advantage of the effect of delisting.

Delisting is a powerful weapon of bursa to make listed companies to toe the line. Now is a tool for takeover offeror to force through their unfair offer price.

I am happy to take up the offer if the offer price is revised to the published NTA of RM0.145. Some said that the revaluated NTA could be more than 25cent .

Offer price of not less than NTA should be a criteria of SC's approval for the takeover.

Hi, be fair to the remisier/broker. They are not part of the takeover party and most of them just there to earn a honest living. With the current market conditions, most hardly earn enough commission to meet ends needs.

jt888, thanks and hope we will be given a more reasonable deal :)

"file not find" :( jt888, could you cut and paste the contain here. :) thanks

Please anyone who has friends in the mass media to report this unfairness and unreasonable offer in all newspaper.

The offeror could easily acquire shares from the market so to hold 75%. Why is that the offeror invoke "take over" which incur RHBIB consultation fees? Why emphasis strongly that the offeror does not intend to maintain listing status?

It's very clear that from the offer document that "YOU DO NOT NEED TO TAKE ANY ACTION IF YOU DECIDE NOT TO ACCEPT THE OFFER"
Read section 5.1 & 5.2, and be a dissenting shareholders and let the offeror to invoke the provision to compulsory acquisition.
Just my personal opinion.

How to convince SCM that the offer price of 5 cent is unfair and unreasonable ? Market selling at 5 cent also not a single soul want to buy :-(

Aiyoo, market price selling at 5cent, also no taker!!

No way out unless there is another big boy fighting for this piece of cake.

It's all manipulation by big player. How on earth a 5 star hotel shares listed on main board can be so cheap, even a goreng pisang worth more than 7 kbunai shares!
Thanks to pvjsabah, jt888 and those who took the trouble and efforts to write and highlight this unfair issue to SCM. Will SCM take action is another story.

NTA is around RM0.145, hope SC will not approve this unreasonable offer.

Gary, take note: A warrant is worthless if an investor holds it beyond the maturity date.

Garywaiwai, read on..
http://www.bursamalaysia.com/market/securities/education/faqs-on-structured-warrants/

No material impact?? Really? kidding?

What a joke, announced in Bursa website under title: Others on 29 Dec 2014!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1839061

Breaking News :(
Tanjung Offshore Bhd has called off the reverse takeover of Bourbon Far East Pte Ltd due to the declining oil prices.
http://klse.i3investor.com/blogs/valueinvestorresearchklse/67422.jsp

Just to elaborate, assume the announcements (buy or sell) are always delayed by 4 days. When a fund manager bought aggressively on 01/12/14, it would only announced on 05/12/14 and you bought to react to that piece of good news. Four days later (09/12/14), you then noticed the announcement of an even more aggressive selling of that same fund manager on 05/12/14 (the day you reacted and buy). You are trapped because of the earlier news of the aggressive buying on 01/12/14. :(

What I meant is due to the delay in announcement on funds buying/selling, this indicators arr rendered useless for trading purposes.

announcements from bursa website are good indicators on fund managers movements, but unfortunately they were usually outdated (buy on Dec 2, 3 only announced now). Just when you think the funds are buying, they are actually selling already :(

Here is your 27 cents
http://www.nst.com.my/node/59286

http://www.nst.com.my/node/50165

I think TGOFFS now will think twice to go for RTO. Think about it, they made the right choice to sell off their O&G business in the first place.

When crude oil price is falling beyond argument, O&G business is no more lucrative like before and RTO could become a non issue and a non viable option. Its only wise to reconsider or reduce holdings on shares of O&G listed companies. Falling in love with a stock is a big NO in investing in the stock market, no doubt that's anybody's right to jealousy guarded it. There are ALWAYS more mature investors than you are out there! Just for sharing only.

RTO is always hostile and akin to "attack behind enemy line". How on earth one can openly talked about your "plan" and hoping to be success ???

Hopefully, this news on CPO price helps a little bit :)
http://www.nst.com.my/node/39484

Breaking News ...
http://www.theedgemalaysia.com/business-news/309947-tanjung-offshore-to-apply-for-six-month-extension-of-hoa.html

Based on the assets, MAS estimated to be still worth at least 50 sen!
Interesting !!
http://www.theantdaily.com/Main/MAS-minority-shareholders-The-risk-is-all-yours

http://www.theedgemalaysia.com/highlights/303519-highlight-mas-top-management-will-go-in-revamp-fr.html

He talked sense, I agreed.

During Financial crises time, they have this so call "creative accounting"method which could mitigate the losses over a 5 to 10 years-periods of time and make the current p&l figure "Nice" looking :)

Yesterday closing, there was a "give away" signal at 16:57:50. One institutional player buy 50,000 lots at 0.26 in 1 transaction. Just needed to think and figure out why? why?