Jardine already has 60% of the shares. It will most likely get 40% to approve as hanging on will not do any good to the share price at least in the middle term.

Any way to know no more disturbing from PNB?

They have the most popular and convenient mall in Ipoh -Aeon Kinta City in their portfolio.

They have just appointed Affin Hwang Investment Bank as indepedent adviser and Affin Hwang has recently mentioned in their coverage that 2.20 as a good exit price. So be prepared to get 2.20 soon.. :)

It takes about 6 months from the date of announcement to complete everything. By the way, the board of directors has just appointed CIMB Investment Bank Berhad as the Principal Adviser for theproposed SCR. Looks like it is going to get smoother and smoother....

@Thinkcarefully Based on the current market condition and the NTA of CCB, the most likely outcome is to accept as CCB is undergoing an extremely challenging period with no dividends likely to be declared in the near term and no expectation of the share price to be appreciating in the medium term (at least). Almost all recent SCR from Suiwah, Selangor Properties and Century Bond were successful. (MAA's SCR was not successful as it was reported that the offer price was at least 40% below the company's NTA at that time.)

@ khaiven. Buy the shares and make sure to accept the offer @2.20. Then if there is 90% acceptance, they will pay you 2.20 into your bank account usually within less than 6 mths.