@Leong, i didn't mentioned "selling", but now ytl land under ytl castle, they can go for all decision without EGM or whatsoever...use bit imagination u will get the picture
No, they still cannot forced Dissenting Holders to accept the share swap offer as they not yet get more than 97.37% acceptance, please refer to potential outcome of offer pg 53 of Independent Advice Circular dated 15 July 2019. As at now, Dissenting Holders can still freely choose themselves to whether to accept but must be within a certain timeframe OR decline the offer !!!
I sold it, @kris is correct, as my dad is still holding ytl cement share, every year got dividend as usual...but wanna sell it is a real problem, as it is not public listed, but my dad dun bother, he is retired, so no keen make money, just take the dividend and makan...
If not mistaken, u can sell not public listed company, but is really troublesome, u nid to engaged a licensed secretary and get in touch vf ytl cement management said u gonna sell it to a buyer on agreed price on willing to sell willing to buy basis...one word - headache
Yes, mainly because of the Delisting as 'insisted by the 'Devils' even with the ridiculous poor share swap & takeover price, the 'not so independant' ( chosen & employed by the Devils themselves) Independent Advisor still advised and recommended that Minority Holders to accept the offer after concluded with highly contentious and debatable not fair but reasonable opinion !!! This the main reason why the 'Devils' managed to finally obtain the coveted >90% acceptance after initially getting >75% as required to be delisted !!!
Compare & contrast this with the new Singapore market ruling, such Privatisation & Delisting exercise there now required both a Fair and Reasonable Independant Advisor opinion to further protect Minority Holders !!!
Yes, upon u completed the transfer by signing the Bursa Malaysia blue transfer form NF/11 at your stock-brokering company, u will given the transfer ref no to fill in the offeror form
Yes, you are still entitled to dividends, splits, bonus issues and right issues. Everything is still the same, but the stock is not listed and you can not sell in Bursa. Other than this, there will still be AGM or EGM that you can attend.
YTLland with all the lands that are not revalued actually worths RM4.00 to RM5.00 a share. The family force the minority shareholders to sell at RM0.36 a share through share swap. It is a pure daylight robbery.
The management is going to amend the constitutions. I believe it is going to be for the advantage of the YEOH family. Can someone highlight what is the major changes?
Eldest son announced no dividend for next 5 years ?, heck,another cunning tactic to cheat dissenting shareholders to accept his company, YTLCorp, outrageous low takeover offer to accept the share swap by 7January 2020 !!!
Eldest son has slowed down and become less aggressive as compared to those days. In the AGM, he just blamed the market environment to cause the whole group to do badly. However, if we compared YTLLand to other property counters, many of the competitors like MKH and Paramount are still recording very good profits.
I am still holding the shares, and was not aware it was delisted. I was not living in Malaysia so long time didn't followed up with the counter. May I know do I need to do anything if I choose to hold it or just leave it like that ?
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....
Leong966
83 posts
Posted by Leong966 > 2019-10-08 18:47 | Report Abuse
@kris will the devils do like what takashi said? Selling the lands at ridiculous price?