Left & right minorities are screwed. Major shareholders can easily manipulate the share price to prevent it from rising above GO price of RM1.00. So illiquid.

Sorry, correction : Note 4.2 of the announcement says "If the offeror failed to own more than 50% of BCB shares (including shares that had already been held) at the closing date of the offer, the GO will be called off and monies will be returned to shareholders who had accepted the GO."

According to the announcement, if less than 50% of remaining shareholders do not accept the offer, the mandatory GO will be called off. Looks like minority shareholders are caught i.e. if offer is rejected, BCB becomes more illiquid to trade. If offer is accepted, they are shortchanged. Minority Shareholders Watchdog Group should raise the red flag!

Major shareholders thinks minority shareholders are morons.