Posted by Edwardong53 > 2017-09-13 18:42 | Report Abuse

When ppl start selling ; then someone is collecting at a very cheap price. After that they will withdraw their offer and push up the shares and sell to make profit. Our SC not good enough to prevent such ppl from manipulating the market

Posted by BullRunComing > 2017-09-13 19:19 | Report Abuse

The relevant level of NTA to company's value is depending on what industry.

Posted by goodstk88 > 2017-09-13 20:08 | Report Abuse

Relevant avenue to voice queries on minority shareholders rights, MIA ( Malaysian Investors Association),
email : miamega@gmail.com or FB

Posted by Kabali > 2017-09-13 20:10 | Report Abuse

Can withdraw the offer Edwardong53?

Posted by RocketRider > 2017-09-13 21:03 | Report Abuse

How to reject? Any form to fill?

Posted by lmlee1188 > 2017-09-14 07:39 | Report Abuse

Reported from theedge 8 hours ago
Willowglen sees 24 million shares traded off-market

By Sulhi Azman | 2017-09-13 23:18:10
KUALA LUMPUR (Sept 13): Willowglen MSC Bhd saw 24.39 million shares, equivalent to 10.02% of its share capital, traded off-market today, according to Bloomberg data.

The shares were traded in three separate blocks at 80 sen per share, valuing the sale at RM19.51 million.

At 80 sen per share, the off-market shares were sold at a 37% discount to its closing price of RM1.27 today.

The identity of the sellers and buyers were not disclosed.

Meanwhile, on the open market, Willowglen saw 3.03 million shares, equivalent to 1.22% of its share capital, change hands.

Willowglen's managing director Wong Ah Chiew via New Advent Sdn Bhd had yesterday launched a takeover for the remaining shares that the group does not hold, at 80 sen per share.

Wong triggered the takeover after increasing his holdings in industrial automation technology solutions provider to 55% from 32.08%, following a series of purchase of shares previously.

Willowglen's closing price of RM1.27 (down 12 sen or 8.63% from yesterday) gives the group a market capitalisation of RM314.96 million.

Posted by goodstk88 > 2017-09-14 09:21 | Report Abuse

cunning tactics to generate panic selling, let's see how the 35% respond

Posted by 7skies > 2017-09-14 11:28 | Report Abuse

1.19 now bro! lucky sold almost all yesterday pheww

Posted by notebook > 2017-09-14 11:31 | Report Abuse

ong leong fuxk, a big shark eat all small fish kao kao

Posted by PlsGiveBonus > 2017-09-14 11:32 | Report Abuse

The end of the world soon
>:D
Nuke is coming

Posted by Hwai Hooi > 2017-09-14 11:33 | Report Abuse

wait 0.80c

Posted by PlsGiveBonus > 2017-09-14 11:35 | Report Abuse

Klse is full of cheater
Better buy Bitcoin
:)

Posted by bowman > 2017-09-14 11:35 | Report Abuse

seriously, i dont know why people are spooked by this takeover. The 80plus sen is between the major shareholders. why sell down? if company fundamentals are the same, and there is no additional float of shares, still want to sell down?

Posted by Yixin Wong > 2017-09-14 11:36 | Report Abuse

Haiz this is all panic sale. Unconditional mandatory takeover is not forced sale.. it will only happen if new avent owes 90% of shareholding (which means buys over all shares from OSK investment and very aggressive buys from open market; which is an action of substantial shareholders u will for sure be notified)... please read the circular carefully before you do anything.

Posted by popo92 > 2017-09-14 11:37 | Report Abuse

To be honest, the boss is a very clever and savvy business man. Even thou this offer is complying with bursa law, I think every steps are utilized by the boss already.

Posted by Yixin Wong > 2017-09-14 11:38 | Report Abuse

Small shareholders could reject the offer and new avent states that they have no intention to delist this company. Unconditional mandatory takeover is a must offer based on bursa Malaysia regulations
(My understanding, if I'm wrong pls correct me)

Posted by PlsGiveBonus > 2017-09-14 11:40 | Report Abuse

Because director want to play with the share price
We are happy to play with him
:)

Posted by ltw1123 > 2017-09-14 11:41 | Report Abuse

Probably will go down to 80 cent very soon?

Posted by kkndmvp > 2017-09-14 12:12 | Report Abuse

tq big boss if not i cannot buy from 1.20

Posted by kkndmvp > 2017-09-14 12:13 | Report Abuse

1.10 1.00 fast come down i prepare bullet ad wakaka

Posted by Noni > 2017-09-14 12:32 | Report Abuse

Hahaha. Low ball offer 0.80 since is a requirement. Is going to maintain listing. Why all the panic sell?

Posted by donfollowblindly > 2017-09-14 12:39 | Report Abuse

Already said many times don't follow blindly KC Chong. If engineer can become stock adviser why must people study CFA or accountancy?

Posted by jibbie > 2017-09-14 12:39 | Report Abuse

think RM1 good entry price. come down more pls

Posted by donfollowblindly > 2017-09-14 12:41 | Report Abuse

1.2 you still lose money. Big boss offer 80 sen not more.

kkndmvp tq big boss if not i cannot buy from 1.20
14/09/2017 12:12

Posted by donfollowblindly > 2017-09-14 12:42 | Report Abuse

Very shiok to see people chase high and see them suffer loss.

Posted by donfollowblindly > 2017-09-14 12:43 | Report Abuse

No 1 can read New Advent offer 80 sen?

Posted by donfollowblindly > 2017-09-14 12:44 | Report Abuse

Sensible comment.

Hwai Hooi wait 0.80c
14/09/2017 11:33

Posted by kcchongnz > 2017-09-14 13:07 | Report Abuse

Posted by donfollowblindly > Sep 14, 2017 12:39 PM | Report Abuse
Already said many times don't follow blindly KC Chong. If engineer can become stock adviser why must people study CFA or accountancy?

The problem with you is that you not only follow blindly in the stock market and lost hugely, you blindly talk nonsense.

What evidence you have that a good investor must be an accountant or must have CFA?

I have none of the above. See all the portfolios as established in i3investor, yes, all of them, either long or short term, make huge returns from the market.

http://klse.i3investor.com/blogs/kcchongnz/131801.jsp
http://klse.i3investor.com/blogs/kcchongnz/131584.jsp
http://klse.i3investor.com/blogs/kcchongnz/127935.jsp http://klse.i3investor.com/blogs/kcchongnz/128386.jsp
http://klse.i3investor.com/blogs/kcchongnz/127825.jsp
http://klse.i3investor.com/blogs/kcchongnz/127559.jsp
http://klse.i3investor.com/blogs/kcchongnz/127444.jsp

Posted by BullRunComing > 2017-09-14 13:15 | Report Abuse

I must say. ACCA, CFA or whatever does not make you an expert investor. It teaches you theory but you can't just apply directly to the market. More likely you need to have strong business sense and experience to make you a great investor.

However, I am always support the phrase that do not blindly follow.

Posted by kkndmvp > 2017-09-14 13:37 | Report Abuse

BCOZ I WANT BUY FROM 1.20 1.10 1.00 0.90 THAN SELL TO BIG BOSS 0.80 ~
1.2 you still lose money. Big boss offer 80 sen not more

Posted by Mymediocre > 2017-09-14 13:48 | Report Abuse

Wondering who is "dare enough" buying while panic small shareholder is selling? There must be someone selling and someone buying, right? Or the major shareholder "magic show" from right pocket to left pocket?

Posted by kkndmvp > 2017-09-14 13:53 | Report Abuse

1.10 MAYBE CAN GET ~1.00 difficult sikit

Posted by Yixin Wong > 2017-09-14 13:53 | Report Abuse

Good point Mymediocre. Every settlement price involves a willing buyer and a willing seller. If it is 1.20 now it means sb buys at 1.20 despite d offer price is now 0.80 so the q is why would someone buys at 1.20

Posted by Edwardong53 > 2017-09-14 13:59 | Report Abuse

Even if the Big Balls pressed the price to below RM0.80, the retail investors/minority SH do not have to sell to him.

Posted by Yixin Wong > 2017-09-14 14:03 | Report Abuse

Again, I just want to repeat one fact. It is an unconditional n mandatory takeover because New Avent is now a majority shareholder offer an offer of 0.80, this offer has to be extended to all shareholders by law, sec 218(2) of CMSA if I haven to quote. NA has stated its intention to have this share remain listed, twice in bold until the circular. So if small shareholders do not sell their shares, then its px is determined by market px.

Posted by Mymediocre > 2017-09-14 14:21 | Report Abuse

Totally agree with you Yixin Wong. It seems like the big boss is playing psychology game, juggling some share from pocket right to pocket left to press down the share price, at the same time "buying in" the cheap share from panic small shareholder. This tactic is good with cheapest cost, public announce offer MYR0.80, not need to fork out own share and take time to press down the price, but the panic small shareholder will voluntary surrender their share at lowest price.

Posted by PlsGiveBonus > 2017-09-14 14:37 | Report Abuse

Director learn Kung fu tai chi from China
Very cunning
:)

Posted by Aries > 2017-09-14 14:50 | Report Abuse

This has shown the integrity of the management in Willow. Just leave this company and move on to other better companies. There are many much better companies in Bursa. Since this is the 3rd time OSK has done this, just avoid their counters in future and don't be fooled by their figures again.

Posted by goodstk88 > 2017-09-14 15:42 | Report Abuse

A point to note here is unlike previous 3 cases where NTA far exceed offer price, owner can just take private and enjoy the benefits, here NTA 58 sen, but owner pays min. rm0.80, after offer period lapse, have to put up a good story to boost up the price again. so, if we are patient, its just a passing storm n the sun will shine brightly soon.

Posted by Aries > 2017-09-14 17:05 | Report Abuse

Anyhow, in my opinion , as minority shareholders we should not put our hard earn money in this sort of company, as we will not know when they are going to rob our money again.

Posted by goodstk88 > 2017-09-14 17:20 | Report Abuse

agree totally, but those who are 'caught' in a losing scenario, need not throw in panic if can hold, until offer lapse

Posted by hinata > 2017-09-14 19:50 | Report Abuse

My remisier say don't enter now.. if really want to buy.. wait till next week...when the prices touches 80 cents range.. buy now sure lose money.

Posted by Aries > 2017-09-14 21:01 | Report Abuse

There is no point to buy Willow. After I have received this shocking offer, I just realised that the current MD was also MD for PJ Dev from 1997 to 2013. So I am seeing the same pattern again.

Posted by newbie4444 > 2017-09-14 21:01 | Report Abuse

If nobody bought yet why so many bother to be here?

hinata My remisier say don't enter now.. if really want to buy.. wait till next week...when the prices touches 80 cents range.. buy now sure lose money.
14/09/2017 19:50

Posted by newbie4444 > 2017-09-14 21:04 | Report Abuse

Agree. So many cheaper counters in Bursa why must choose Willow?

Aries Anyhow, in my opinion , as minority shareholders we should not put our hard earn money in this sort of company, as we will not know when they are going to rob our money again.
14/09/2017 17:05

Posted by sense maker > 2017-09-14 21:23 | Report Abuse

If the major shareholders are not able to offer a premium over the prevailing market price, why would they still want to make an offer at all to buy out all other shareholders? And in this case, they publicly offer to buy out at 40% discount. How more stupid, selfish or sinister could any offer be? The implication is being felt now as their offer price could be seen by the market as the fair value the major shareholders think the company is worth. Any excess over 80sen is deemed unjustified since the major shareholders know it best and they are running the company actively with all the insider information. Clearly, it is an attempt to chase or squeeze out minority shareholders so that they can buy more shares at cheap prices in months or years to come when every existing shareholder has left. The existing laws must be amended to plug this loophole (of allowing major shareholders to offer buyout at big discounts) which penalizes the minority shareholders, in this case, severely.

Posted by TanTeeHean > 2017-09-14 21:27 | Report Abuse

selfish management, selfish Wong family.

Posted by lizi > 2017-09-14 21:43 | Report Abuse

management rotten, no point to park your money with them.

Posted by Iloveshare > 2017-09-14 21:59 | Report Abuse

The MD is damm selfish n evil, how come he treat the investor in the stupid offer, no point to accept the offer, n may be kuckhim out frm the mgt

Posted by Prospects88 > 2017-09-14 22:06 | Report Abuse

" You can"t make a good deal with a bad person" - wisdom of Warren Buffet

but, pls be cautious n not too explicit on who