Fake news la. There is no confirmation of delist since HSS not yet collect till 75%. IF he success collect 75%, there will be an announcement. BOOOOO to haters that spreading fake news.
The other side must be getting worried...can see many agent provocateurs are coming out of the woodwork... 对方一定很担心...可以看到很多代理挑衅者正在从木制品中走出来...
If you refer to 4.3 Rights of Dissenting Holders & 2.4 Closing of the Offer this question doesn't arise as you can still sell the the shares to HSS at HSS's offer price at that time. Quote " the Offer will remain open for acceptances for at least 14 days from the date on which the Offer becomes and is declared unconditional (e.g. 29 Dec) which, in any event, shall not be later than the 60th day from the Posting Date.)
Means even after achieving 67% on 29 Dec. (turn unconditional) " the Offer will remain open for acceptances for at least 14 days from the date on which the Offer becomes and is declared unconditional (e.g. 29 Dec) which, in any event, shall not be later than the 60th day from the Posting Date.) "
*note: Those shareholders who has not transferred their shares to HSS can continue to trade on Bursa. Since HSS has paid for the shares at 38 sens each, it is in their interest to protect their capital investment by keeping the share price at a min. of 38 sens or more.
My thought Is, this AGM doesn't give any clue. Big boss already said to buy at 38 no matter what. Now they have 67% controlled shares. To delist, another 8% more. The queue u see, still same at 38 cents. No buyer and no seller. For 8% shares more to delist, Hovid will buy. How much they wanna buy higher ?
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....
multi530
342 posts
Posted by multi530 > 2017-12-18 10:38 | Report Abuse
sitia, the AGM is at Weil Hotel Ipoh