hi i got a few questions about privatize a listed company, such as kfc.
if a company such a Jcorp, they wanna privatize kfc, how many % of kfc shareholder have to agree for the privatize?
.. why kfc still can trade now?
i thought it suppose to a private company already?
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12 comment(s).Last comment by Jake 2012-03-15 14:54
When someone purchased at a certain level ie 70% it triggers a mandatory rules set by Bursa Malaysia to purchase all the share not being held by him/her/company unless gets a waiver not to purchase the remainder of shares in the market. To get this thing done, they have to call for an EGM.Investment Bank will value the price of the share. How do they estimate this price? Investment Bank will evaluate it from the Price Earning (PE)ratio and could go double digit. Unless the company is certain to make tons of profit year in year out, only then they will buy the remaining shares like what happened not long ago to MAXIS Berhad. Hope you understand it FCTB
The quantum shares are being held by Kulim Bhd which is own by Johor Corporation which is also own by the Johor state. Remember the word Malaysia Boleh. Anything can happen so long that it is own by UMNO. Get it...
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Posted by Fat Cat Tim Buddy > 2012-03-12 22:46 | Report Abuse
hi i got a few questions about privatize a listed company, such as kfc. if a company such a Jcorp, they wanna privatize kfc, how many % of kfc shareholder have to agree for the privatize? .. why kfc still can trade now? i thought it suppose to a private company already?