very illiquid shares you have now. you have to sell to private buyer, something like a Sdn Bhd. you cannot do it in open market anymore! that's the problem with delisting!
if it was delisting, using SC guidance, it means the company is no longer profitable. So it is very doubtful you can sell back to the management of the delisted company. All it is, is just a remaining Bhd without the listing. Hence, it no longer comes under the purview of SC and you have to deal with interested parties, usually the stakeholders themselves, if they wish to purchase back the shares.
On the other hand, if a company is taken private by a listed company, usually a General offer for your shares is given. the underwriter, acting as advisor will come back to you with the management's offer upon approval by the shareholders thru AGM/EGM.
KC, hold on. I read that PACmas is going for liquidation and winding up. If thats the case, the company will no longer exist. Meiling, just like human being liquidation means got dead ceritficate, kaput no longer exist. At the same time the birth certificate also no use. So if a company is under liquidation and winding up, the company no longer exist. You are sell shares which is has no name or birth certificate, no value liao
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
liew kimguan
268 posts
Posted by liew kimguan > 2012-08-18 08:32 | Report Abuse
thank you very much^_^