My remindsier said already sure for delist with the achievement of the %. Relist is just mere guessing game. Its very different from you guys discussion points here. Anyone can enlighten here why so ?
Czarll, read it online and sometime ago. initially, sound like normal announcement but carefully think about it. It make sense because TEAL is a fund based in Singapore and it is likely to relist in SGX but NYSE would be the best. SGX wanted to be the LSE in Asia.
Jan 12 is only the closing date for HSS's Voluntary Privatisation Offer. You still have the option to trade on Bursa. They still have to announce at least 2 days before closing date (Jan 10) on the % they have received for the Voluntary Privatisation Offer before we decide on the next step.
If they achieved less than 75 to 90%, you can still trade on Bursa, only if they achieved 90% or more than can do mandatory acquisition and ask Bursa to delist...
Money still not credited yet (2/1/18) , not according to the terms agreed i.e. Payment will be paid 10 days fr the date when the offer has become unconditional (20/12/17). How now?
Mini bull is running on the market. Why not consider opportunity cost of fighting with David, and switch fund to other counters for better opportunity? As long as David Ho received more than 75% of shares, Bursa will suspend trading of Hovid without shareholder's approval. Suspend trading doesn't mean delisting, but cannot sell/buy the shares on the market during suspension. It's the discretion of the Hovid's management team to appeal for trading resumption, by making proposal to Bursa to resolve public spread requirement, just like how PERDANA got relisted, after few years of suspension as a result of DAYANG's takeover. But chill, I don't think David Ho could achieve 75% stakes by the end of the offer. Nevertheless, you should participate the hot market. You can sell your shares at 37.5sen on the market for quick cash. I'm ready to absorb your shares as much as you have. Hehe..
hoplanner, really send by cheque? Celaka betul this Tricor. Ask them direct bank-in ler. U mean they forgot to e-banked the money to you that's why they issued out a cheque?
As of 10 Jan. HSS only got 72.85?..with 2 market days left to 12 Jan..still can't reach 75%...how to achieve 90% to achieve dream of listing in SGX or HKEX?, if still not willing to buy from open market at even 38 sens?
1. Original HSS shareholding as of 10 Oct.: 33.72% 2. Fajar Astoria Shareholding as of 2 Jan.: 39.13%
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....
simon2020
442 posts
Posted by simon2020 > 2017-12-30 14:49 | Report Abuse
Season's Greetings & Happy New Year to Everybody! :)
Quote" Yup..how to get 90%..to achieve dream of listing in SGX or HKEX?, if not willing to buy from open market at even 38 sens?
1. Original HSS shareholding as of 10 Oct.: 33.72%
2. Hovid Shares which have been transferred into FASB’s
Central Depository System Account up to 5.00 p.m.
(Malaysian time) on the Unconditional Date 21 Dec. = 0.39%
3. Fajar Astoria Shareholding as of 28 Dec.: 34.59%
https://klse.i3investor.com/insider/substantialShareholder/7213/28-Dec-2017/416527_1332139013.jsp
Total Offerors Hovid shareholding as of 28 Dec. 2017 = 33.72 + 0.39 + 34.59 = 68.70%"