Posted by sitia > 2017-12-26 09:40 | Report Abuse

Extended closing date for the final acceptance offer date is
12, January 2018.

"Pursuant to Paragraph 12.01(3)(c) of the Rules and in accordance with Section 2.4(b) Appendix I of the Offer Document, the Joint Offerors shall keep the Offer open for acceptances for at least another 14 days from the Unconditional Date, which in any event, shall not be later than the 74th day from the Posting Date. Accordingly, we wish to inform you that the closing date and time for the acceptances of the Offer shall be extended to 5.00 p.m. (Malaysian time), 12 January 2018 (“Final Extended Closing Date”)"
.

Posted by sitia > 2017-12-26 09:49 | Report Abuse

I gathered they have confidence to get more than 80% is they keep accumulating from the open market.

Posted by sitia > 2017-12-26 09:51 | Report Abuse

Fajar Astoria in combined funds dated 22 Dec 2017.

Total shares acquired:54,652,100

Posted by sitia > 2017-12-26 10:15 | Report Abuse

I wish to find out, does Fajar Astoria shares combined with David Ho for 75% in order to achieve their acceptance to delist?

Posted by simon2020 > 2017-12-26 10:37 | Report Abuse

If one is Debbie the other must be Perry from CIMB...Anyway Happy New Year :)

Posted by sitia > 2017-12-26 10:52 | Report Abuse

simon2020, what do you mean Debbie and Perry?

Posted by PenguinDad > 2017-12-26 11:30 | Report Abuse

Which is better? Relist at SGX or NYSE?

Posted by simon2020 > 2017-12-26 11:35 | Report Abuse

Debbie Leong and Perry Lye from CIMB Investment Bank, the bankers undertaking this voluntary takeover..the ones under the most pressure if this privatisation exercise fails..

As the OFFER is already "Unconditional" and anybody who accepts HSS's offer by 12 Jan is guaranteed to get 38 sens from the Offerors.

So all we have to do.. is to wait and see who blinks first.. :)

Posted by sitia > 2017-12-26 12:02 | Report Abuse

I have strong instinct to believe, Hovid will not be listed in KLCI anymore.

Posted by simon2020 > 2017-12-26 12:14 | Report Abuse

We think Hovid is trying to emulate Haw Par and list in SGX or HKEK...famous for Tiger Balm and Kwan Loong just as Hovid is famous for Ho Yan Hor...

https://en.wikipedia.org/wiki/Haw_Par_Corporation

Posted by Jen Ern Tan > 2017-12-26 12:29 | Report Abuse

Can someone explains to me what is the meaning of unconditional takeover? If I refuse to surrender by 12 Jan, they will automatically pay me 38 sen per share or my share is no longer can be sold?

Posted by Hk Wong > 2017-12-26 12:39 | Report Abuse

THE CASE IS JUST LIKE HWANG DBS. eventually will be delisted and offer at higher price if could not get 90% acceptance. so that's why keep extension until jan 12 2018

Posted by Hk Wong > 2017-12-26 12:40 | Report Abuse

if 90% is meet than nothing the shareholder can do

Posted by sitia > 2017-12-26 16:37 | Report Abuse

I have not sold my shares yet. I am back again LOL

Posted by MrPotato > 2017-12-26 17:15 | Report Abuse

sorry , newbie here , what does it mean when David Ho hold 67% of the share and become unconditional takeover?
I thought to privatize they need 90% . If they have less than 90% by 12 Jan & I still holding the share , what will happen ? HOVID stay as public listed company and i still can sell it in bursa or i cannot sell ?

Posted by stockraider > 2017-12-26 20:37 | Report Abuse

Remember there is a high chance the takeover party may get 75%, in this case they may push for delisting to scare the balance shareholders to sell or accept the offer loh...!!

1ST DEFENSE APPROCAH, WE TRY TO PREVENT THEM FROM GETTING 75% BY NOT SELLING...IF U HAVE MONIES,U BUY MORE AT RM 0.38.
IF THEY FAILED TO GET 75% THEY HAVE NO CHOICE & KEEP HOVID LISTED LOH...!!

2ND DEFENSE APPROACH, EVEN IF THEY MANAGE TO GET 75%...WE STILL CAN PREVENT THEM FOR DELISTING...BY BLOCKING IT LOH..!!
SC AS SECUIRITY SAFEGUARD FOR MINORITY AS FOLLOWS, EVEN IF THEY GET 75% LOH.....!!
A}THEY NEED TO GET THE NUMBER OF SHARE VOTES IN THEIR FAVOR & PLUS THE SHAREHOLDER VOTES IN THEIR IN THEIR FAVOR LOH...!!
B} IF THE MINORITY CAN MUSTER 10% OF SHAREHOLDER AGST THE DELISTING, IT WILL FAIL TOO.

3RD DEFENSE EVEN DELISTING IS SUCCESSFUL...U JUST HAVE TO HOLD ON TO THE PRIVATE CO STOCK OF HOVID AND U STILL CAN PARTICIPATE IN THEIR CORPORATE EXERCISE LOH..!!
THE PRIVATE EQUITY FUND & HO FAMILY HAD PUT UP ALOT OF MONIES...THEY WILL NEED TO MAKE THE RELISTING WORK IN ORDER TO MAKE MONIES FOR THEMSELVES, IF U R A SHAREHOLDER U STILL BENEFIT MAH, SO DO NOT WORRY, JUST JOIN THE FUND AND HO FAMILY EVEN ON UNLISTED HOVID LOH...!!

I HOPE BELOW, EXPLAIN THE STRATEGY TO MAKE SURE YOU CAN MAKE MONIES IN A VERY SAFEWAY MAH.....!!

There is a likely scenario hovid will be delisted basing on possibility 75% shareholding success but not sufficient for compulsory acquisition as they failed to get 90% loh.....!!

For raider is still going to hang on with the share of hovid, even it get delisted loh......!!
Raider want to participate with their new corporate exercise going fwd, that will create alot of value loh.....!!

Posted by Daily8 > 2017-12-26 21:15 | Report Abuse

stockraider, u please answer Mr potato question.

Question:
sorry , newbie here , what does it mean when David Ho hold 67% of the share and become unconditional takeover?
I thought to privatize they need 90% . If they have less than 90% by 12 Jan & I still holding the share , what will happen ? HOVID stay as public listed company and i still can sell it in bursa or i cannot sell ?


U answer:
There is a likely scenario hovid will be delisted basing on possibility 75% shareholding success but not sufficient for compulsory acquisition as they failed to get 90% loh.....!!

So how if get 75% but not 90%???

say lah still listed in Bursalah.

Posted by stockraider > 2017-12-26 21:33 | Report Abuse

Posted by Daily8 > Dec 26, 2017 09:15 PM | Report Abuse

stockraider, u please answer Mr potato question.

Question:
sorry , newbie here , what does it mean when David Ho hold 67% of the share and become unconditional takeover?
I thought to privatize they need 90% . If they have less than 90% by 12 Jan & I still holding the share , what will happen ? HOVID stay as public listed company and i still can sell it in bursa or i cannot sell ?
1}IF GET 67% & BELOW 75% IT WILL STAY LISTED.
2)IF GET ABOVE 75% THEY WILL TRY TO GET IT DELISTED TO SCARE THE MINORITY SHAREHOLDER TO SELL OR ACCEPT THEIR OFFER.
HOWEVER MINORITY SHAREHOLDER STILL CAN OPPOSE THE DELISTING IF THEY MUSTER 10% SHAREHOLDING OPPOSE OR THE NUMBER SHAREHOLDERS VOTING AGAINST IN NUMBER IS IN AT LEAST SIMPLE MAJORITY.


U answer:
There is a likely scenario hovid will be delisted basing on possibility 75% shareholding success but not sufficient for compulsory acquisition as they failed to get 90% loh.....!!

So how if get 75% but not 90%???

HOVID WILL BE A PRIVATE COMPANY , IF THEY TO GET DELISTED AS ABOVE LOH....!!
AS A PRIVATE SHAREHOLDER, U JUST HAVE TO WAIT FOR VALUE ENHANCEMENT OF THE FUND MANAGER AS IT WILL GET IT RELISTED IN OTHER MKTS LOH...!!

SURELY THE FUND MANAGER WHO HAS SPEND SO MUCH MONIES & TIME ON HOVID, WILL WANT THE BUSINESS VENTURE BE A SUCCESS MAH...!!
IF U STILL A SHAREHOLDER IN THE DELISTED HOVID, U WILL REAP THE BENEFIT TOO.

Posted by PenguinDad > 2017-12-27 08:18 | Report Abuse

Is HOVID a Biopharma M&A target?

Posted by Daily8 > 2017-12-27 08:48 | Report Abuse

Today start to see queue at 38 cents

Posted by Chinchan > 2017-12-27 20:13 | Report Abuse

hi can you elaborate what is the meaning by the enhancement of the fund manager?tq

Posted by Wuzy > 2017-12-27 23:04 | Report Abuse

what i understand is that if hovid delist, and it will relist in bursa when hss need more fund to expand his business.

Posted by Wuzy > 2017-12-27 23:05 | Report Abuse

countdown 11 days

Posted by PenguinDad > 2017-12-28 08:18 | Report Abuse

Wuzy, why relist in Bursa where SGX or NYSE might give better return and become a big fish in the big pond with the new patent, FDA approval for new drug and billion of $ not RM is capital.

Posted by sitia > 2017-12-28 12:00 | Report Abuse

Penguindad is right.

Posted by PeterNg > 2017-12-28 13:20 | Report Abuse

Report 21-Dec-2017
http://www.malaysiastock.biz/Company-Announcement.aspx?id=1023036

As set out in Section 4.1(iii) of the Offer Document, in the event that the Joint Offerors receive
acceptances resulting in the Joint Offerors holding in aggregate 90% or more of the Shares (excluding
treasury shares), the Joint Offerors will procure Hovid to take the requisite steps to withdraw its listing
status from the Official List.

In addition, as set out in Section 4.1(iv) of the Offer Document, in the event that:
(i) the Joint Offerors receive acceptances resulting in the Joint Offerors and persons acting in
concert with them hold more than 75% but less than 90% of the Shares; or
(ii) the public shareholding of Hovid becomes 10% or less of the Shares (excluding treasury shares).

Posted by PeterNg > 2017-12-28 13:21 | Report Abuse

Should >75% NOSH.

Posted by PeterNg > 2017-12-28 13:22 | Report Abuse

Final Date : 12-Jan-2018 5pm.

Posted by PeterNg > 2017-12-28 13:24 | Report Abuse

Happy New Year 2018.

Posted by sitia > 2017-12-28 13:53 | Report Abuse

PeterNg, the Section 4.1 (iv) can you please explain? Sorry, I don't quote get the term

Posted by sitia > 2017-12-28 13:57 | Report Abuse

If those who have decided to accept the offer from JO, when will they get their money credited back?

Posted by PeterNg > 2017-12-28 17:30 | Report Abuse

@sitia HSS require get >75% NOSH so that can de-listed from market.

Posted by Czarll > 2017-12-28 17:59 | Report Abuse

22 Dec 587 300
26 Dec 95 000
acquired

Posted by Larrytrader > 2017-12-28 18:36 | Report Abuse

Lose liao

Posted by Larrytrader > 2017-12-28 18:36 | Report Abuse

They win liao they buy at 38

Posted by PeterNg > 2017-12-29 08:58 | Report Abuse

@Larrytrader I hold hovid stock because i believe the company future.
I will stay here until 12-Jan-2018.

Posted by Wuzy > 2017-12-29 11:42 | Report Abuse

same will hold until 12-Jan, unless price break 40 cents =D

Posted by Ming Tzy > 2017-12-29 11:43 | Report Abuse

Confirm cannot achieve 90% if buy from open market..HSS i wish u good luck

Posted by Ming Tzy > 2017-12-29 11:59 | Report Abuse

pls hold ur share ,i believe they goin the re-listed in singapore.

Posted by sitia > 2017-12-29 12:51 | Report Abuse

Hovid will relist in America. Possible? If not in HK. Singapore, I doubt.

Posted by Ming Tzy > 2017-12-29 13:12 | Report Abuse

U see HSS face,his face telling u words..no gut

Posted by HuatRex > 2017-12-29 13:44 | Report Abuse

Buy mmode, strong uptrend. Immediate tp 0.45

Posted by sitia > 2017-12-29 14:33 | Report Abuse

Ming Tzy, you met him in person?

Posted by sitia > 2017-12-29 14:42 | Report Abuse

I wish everyone happy new year 2018. Next week after holiday, it is crucial time for Hovid. As date getting nearer, I hope Hovid price can jet UP for everyone including myself.

Of course, I have said to sell , but I didn't yet as I read all great sharing from you all. Kudos for the insightful sharing. I appreciate it alot.

Hope next week, onward, JO willing to give better offer. I am ok with 40 cents. Happy if JO willing to buy and read it.

Posted by Wuzy > 2017-12-29 14:55 | Report Abuse

refer to ar2017, 10m share = 1.22%, I expect hss now still need 5% = 41m shares. day left for hss to collect till 75% = 9 and a half days. hss need collect 4.3m per day till 12 Jan 2018 =D hard situation for hss.

Posted by Ming Tzy > 2017-12-29 15:52 | Report Abuse

For those who trust hovid fair value,I bet u to queue buy at 0.38.If we can gather we will be strong enuff to prevent hovid delist.

Posted by Wuzy > 2017-12-29 16:44 | Report Abuse

friend, 38 cents no need queue to buy =) 37.5 cents need queue to buy.

Posted by Wuzy > 2017-12-29 17:05 | Report Abuse

Happy New Year, let see what hss next move in next 2 weeks

Posted by sitia > 2017-12-29 21:21 | Report Abuse

Thank you simon2020,your exceptational explanation always a great helping hand. I am not Debbie. haha

Posted by sitia > 2017-12-29 21:22 | Report Abuse

Happy new year simon2020