All must follow rules of laws. No money no talk. Only minority shareholders give green light, that Bursa will agree. Don't lead us to Holland, silly hollandking.
in the case of hlcap...dr yu gather enuff 9% of shares enuff to block mr quek take over..n the shares becum suspended until now...the minority wins...but the share got suspend for trading becoz not enuff liquidity...
of course if the foreign shareholder doesnt want to sell then it is possible the share will get suspended eventually ...so possible Vt is waiting for the foreign fund to sell their share...becoz no one want a share that doesnt pay dividend n suspended for trading...
minorrity dun call the shot in the price...it is the majority...if u dun like the price u can dun sell...but in this case when the public issue is so low...many will sell becoz of suspension...when VT got another 9% to reach 90% he can forceful take over...n minoriy hav no choice but to sell at highest price for the past 6 month which is 30 sen n below...
may b nothing is happening...but if VT keep buying...u hav to be alert...coz 10% threshold for public spread is pretty close...n dun forget hlcap is suspended at 18.7%...
with 90% in majority hand..if the minority reject offer...it will be suspended due to public spread law...so minority hav to sell otherwise they will be not be able to trade their shares in future...either u sell to the majority or the share get suspended...
if Vt wan to privatise bjland now..he doesnt even need to buy from public...jus get the share from foreign fund...n he can force the share out your hand...lol
VT can giv a good price to foreign fund to buy off their share n suck the retailer dry..y becoz retailer got no concerted strength but foreign fund can block his plan..but i beleive VT is a good man..he wont do such thing lah...but if i am him i will not hesitate loh...i am hypocrite ma...lol
even if VT is not taking BJLAND private , he expects some good news that helps him unload shares at high price .for example distribution of special dividend .either way ,it is good for retail investors.
i want wait see how low can it drop? Want to see the price lower or Chryseis wear lower? Im crazy. Bought 10000units from 32cents, then 30cents, then 25cents then this afternoon 22cents. Every have donated more than RM2000 to Tabung Harapan Blowjob! (3200-2200=1000; 3000-2200=800;2500-2200=300)
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....
shortinvestor77
5,487 posts
Posted by shortinvestor77 > 2018-08-30 11:01 | Report Abuse
No minority shareholders will agree with cheap cheap place, holland. Ending up TSVT would fail in holland. Do you want him to lose face?