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Entropy72 Master	24-Sep-2024 13:15        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Your margin account shares will not be shown in CDP. Only the cash bought ones will reflect in CDP. There should be 30000 shares in L&T margin portfolio and 34000 in CDP. Total 64000. hope4eva      ( Date: 24-Sep-2024 11:08) Posted: Thanks gor the reply! Idk if lim&tan is a margin account. But if they are, then why will some shares appear in cdp and some not. Cos if select option 2, they will base it on the number Of shares I have according to cdp account. Then what about my other shares. Very weird. I emailed lim&tan to ask.. waiting. Entropy72      ( Date: 23-Sep-2024 21:13) Posted: You should check SLA transaction history in CDP. Compare against SLA transaction history in L&T and Tigertrade. Are L&T and Tigertrades margin accounts? If so, the portfolio will not be reflected in CDP.
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ttmmfast Member	24-Sep-2024 13:09        ttmmfast About Contact  Quote this Post!
x 0   x 0  Alert Admin	Option 2. Did the major shareholder took option 1 or 2. Little difference to them since they will have total control over further decisions. It is like an option for minor shareholders to take 30 cents now and lend the New Co 6 cents on good faith that they will get 18 cents back  in 5 years. Why call it New Shares in the New Co that has zero characteristic of a share. Will not a Note to be bought back in 5 years at 18 cents has more security and easier to understand?
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Aeonfcuks Member	24-Sep-2024 11:30        Aeonfcuks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can check if I choose option 1, but later the offer revised upwards, will I get the old or revised rate?
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hope4eva Member	24-Sep-2024 11:08        hope4eva About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks gor the reply! Idk if lim&tan is a margin account. But if they are, then why will some shares appear in cdp and some not. Cos if select option 2, they will base it on the number Of shares I have according to cdp account. Then what about my other shares. Very weird. I emailed lim&tan to ask.. waiting. Entropy72      ( Date: 23-Sep-2024 21:13) Posted: You should check SLA transaction history in CDP. Compare against SLA transaction history in L&T and Tigertrade. Are L&T and Tigertrades margin accounts? If so, the portfolio will not be reflected in CDP. hope4eva      ( Date: 23-Sep-2024 13:54) Posted: Hi all, I checked my lim&tan account, u have 64000 shares. My tigertrade account has 10000 shares. Yet when I checked my cdp account, it only reflects 34000 shares. Can anyone advise why? That's more than half my shares gone.
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Entropy72 Master	23-Sep-2024 22:12        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, if one did not indicate option 1 or option 2, then default is not accepting. This means one ends up holding illiquid shares in delisted company since it is not hard to reach 90% acceptance. No assurance of dividend or new exit offers in the delisted company. cmengchan      ( Date: 23-Sep-2024 21:47) Posted: Doesn' t matter about fairness for the pre-2019 shareholders. The company Silverlake is reporting in MYR, which has depreciated at lot against SGD since then.  So in fairness, the whole company is worth less in SGD value compared to pre-2019 due to currency. On another note... Based on what I read and understood, to hit the 90% compulsory acquisition, only need another 15.9% of total shares (90% - 74.1%) threshold to succeed.  In other words, the remaining shareholders of 29.9% (100% - 74.1%), only need 61.4% of the remaining shares (15.9 div 29.9) to accept the offer, then it will be acquired, per SGX listing rules.  I think the chances acquisition success is quite good. 3.4 Concert Group. As at the Latest Practicable Date, the Offeror concert group (" Concert Group" ) comprises the following individuals and entities: (a) the Offeror and the Directors (b) ZFPL and the ZFPL Directors (c) Merit Sigma and the Merit Sigma Directors (d) Ikhlas Capital Master Fund and (e) Ikhlas Capital and the Ikhlas Capital Directors, and the Concert Group currently holds an aggregate of 1,863,440,968 Shares, representing approximately 74.10% of the total number of issued Shares (excluding treasury shares) 10.1 Compulsory Acquisition. Pursuant to Section 215(1) of the Companies Act, if the Offeror receives valid acceptances pursuant to the Offer and/or acquires such number of Offer Shares at the close of the Offer in respect of not less than 90% of the total number of issued Shares (excluding treasury Shares and other than those already held as at the date of the Offer by the Offeror and its related corporations (or their respective nominees) or any person or body corporate falling within the meaning of Section 215(9A) of the Companies Act), the Offeror will be entitled to exercise the right to compulsorily acquire all the Shares of Shareholders who have not accepted the Offer (" Dissenting Shareholders" ) on the same terms as those offered under the Offer. It is the intention of the Offeror to exercise its right to compulsorily acquire all the Offer Shares not acquired under the Offer at the Offer Consideration for each Offer Share, should such right be available to it.
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cmengchan Senior	23-Sep-2024 21:47        cmengchan About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Doesn' t matter about fairness for the pre-2019 shareholders. The company Silverlake is reporting in MYR, which has depreciated at lot against SGD since then.  So in fairness, the whole company is worth less in SGD value compared to pre-2019 due to currency. On another note... Based on what I read and understood, to hit the 90% compulsory acquisition, only need another 15.9% of total shares (90% - 74.1%) threshold to succeed.  In other words, the remaining shareholders of 29.9% (100% - 74.1%), only need 61.4% of the remaining shares (15.9 div 29.9) to accept the offer, then it will be acquired, per SGX listing rules.  I think the chances acquisition success is quite good. 3.4 Concert Group. As at the Latest Practicable Date, the Offeror concert group (" Concert Group" ) comprises the following individuals and entities: (a) the Offeror and the Directors (b) ZFPL and the ZFPL Directors (c) Merit Sigma and the Merit Sigma Directors (d) Ikhlas Capital Master Fund and (e) Ikhlas Capital and the Ikhlas Capital Directors, and the Concert Group currently holds an aggregate of 1,863,440,968 Shares, representing approximately 74.10% of the total number of issued Shares (excluding treasury shares) 10.1 Compulsory Acquisition. Pursuant to Section 215(1) of the Companies Act, if the Offeror receives valid acceptances pursuant to the Offer and/or acquires such number of Offer Shares at the close of the Offer in respect of not less than 90% of the total number of issued Shares (excluding treasury Shares and other than those already held as at the date of the Offer by the Offeror and its related corporations (or their respective nominees) or any person or body corporate falling within the meaning of Section 215(9A) of the Companies Act), the Offeror will be entitled to exercise the right to compulsorily acquire all the Shares of Shareholders who have not accepted the Offer (" Dissenting Shareholders" ) on the same terms as those offered under the Offer. It is the intention of the Offeror to exercise its right to compulsorily acquire all the Offer Shares not acquired under the Offer at the Offer Consideration for each Offer Share, should such right be available to it.
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Entropy72 Master	23-Sep-2024 21:17        Entropy72 About Contact  Quote this Post!
x 0   x 1  Alert Admin	It?s a fair deal to those who bought last 5 years. To those who bought above 50 cents pre-2019, they will feel very sore about the offer. cmengchan      ( Date: 23-Sep-2024 20:46) Posted: Long story of explanation from IFA, and the conclusion is... Having considered the aforementioned factors set out in this letter and summarised in this section, we are of the opinion that the financial terms of the Offer are fair and reasonable. Based on our opinion, we advise the Recommending Directors to recommend that Shareholders accept the Offer.
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Entropy72 Master	23-Sep-2024 21:13        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	You should check SLA transaction history in CDP. Compare against SLA transaction history in L&T and Tigertrade. Are L&T and Tigertrades margin accounts? If so, the portfolio will not be reflected in CDP. hope4eva      ( Date: 23-Sep-2024 13:54) Posted: Hi all, I checked my lim&tan account, u have 64000 shares. My tigertrade account has 10000 shares. Yet when I checked my cdp account, it only reflects 34000 shares. Can anyone advise why? That's more than half my shares gone.
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cmengchan Senior	23-Sep-2024 20:46        cmengchan About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Long story of explanation from IFA, and the conclusion is... Having considered the aforementioned factors set out in this letter and summarised in this section, we are of the opinion that the financial terms of the Offer are fair and reasonable. Based on our opinion, we advise the Recommending Directors to recommend that Shareholders accept the Offer.
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Everyday Elite	23-Sep-2024 19:08        Everyday About Contact  Quote this Post!
x 0   x 0  Alert Admin	Offer : Option 1 :& ldquo Cash Consideration& rdquo : S$0.36 in cash for each Offer Share Option 2 :      Cash S$0.30 per share plus 1 new Redeemable Preference Share S$0.18 Details :    3.Circular to Share holders : https://links.sgx.com/1.0.0/corporate-announcements/5U6U2ZD6PCA4MARE/21af99bbbcdb8ca257446b7e414262911f8aa685b04355d65d9547ee4c478de4 Closing date : 7th Oct ( 2. Circular to Shareholders)
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hope4eva Member	23-Sep-2024 13:54        hope4eva About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi all, I checked my lim&tan account, u have 64000 shares. My tigertrade account has 10000 shares. Yet when I checked my cdp account, it only reflects 34000 shares. Can anyone advise why? That's more than half my shares gone.
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an_k1318 Member	20-Sep-2024 15:04        an_k1318 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A few more hours left or it will be next Monday. Hoping for the best! Entropy72      ( Date: 17-Sep-2024 13:15) Posted: IFA must publish its recommendations within 14 days from Offer Document (published 9 Sep). So it has up till 23 Sep to do so. From the high volume sell down after lunch today, it may be that IFA will recommend shareholders take up the offer (either cash or combi) and there will not be sweetening of offer. This is just speculation on my part - trade on own assessment.
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Entropy72 Master	17-Sep-2024 13:19        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Waiting for gangster move aragosta      ( Date: 15-Sep-2024 16:56) Posted: --- Post Removed by User ---
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Entropy72 Master	17-Sep-2024 13:18        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	With delisting, you may still get dividend (no guarantees) and a potential alternate buyover offer (no guarantees it happen within 5 years though - might as well take RPS). But very illiquid ? hope4eva      ( Date: 16-Sep-2024 00:06) Posted: If we hold and choose neither option 1 nor 2, once privatised it'll be delisted right? So it's a compulsory choice we have to make? halleluyah      ( Date: 15-Sep-2024 14:58) Posted: Oops $$$ gone in the air....i most probably will choose option 2 also...hv faith tat god will preserve our $$$...
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Entropy72 Master	17-Sep-2024 13:15        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	IFA must publish its recommendations within 14 days from Offer Document (published 9 Sep). So it has up till 23 Sep to do so. From the high volume sell down after lunch today, it may be that IFA will recommend shareholders take up the offer (either cash or combi) and there will not be sweetening of offer. This is just speculation on my part - trade on own assessment.
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hope4eva Member	16-Sep-2024 00:06        hope4eva About Contact  Quote this Post!
x 0   x 0  Alert Admin	If we hold and choose neither option 1 nor 2, once privatised it'll be delisted right? So it's a compulsory choice we have to make? halleluyah      ( Date: 15-Sep-2024 14:58) Posted: Oops $$$ gone in the air....i most probably will choose option 2 also...hv faith tat god will preserve our $$$.... hope4eva      ( Date: 15-Sep-2024 14:35) Posted: Sorry I'm a bit of a noob so pls pardon me if the question sounds dumb. If I choose option 2 amd wait for the additional 18 cents 5 years later, what if Silverlake goes bankrupt?
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Entropy72 Master	15-Sep-2024 16:25        Entropy72 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Didn?t think of the CPF constraints. You may be right that they can only choose option 1 or to reject. cmengchan      ( Date: 12-Sep-2024 09:38) Posted: Holding such unlisted security is not in the CPF Investment approved list. Will the holders from CPF, for example, be forced to sell? If for example, if a privatization involved an share exchange to say some foreign (US, HK, etc) shares, I understand CPF Investment criteria does not include foreign securities or unlisted securities as in Silverlake's case. Entropy72      ( Date: 12-Sep-2024 07:37) Posted: The SRS / CPF IA agent banks will need to reach out to SLA shareholders to get their choice of options. Yes, get back 30 cents cash upon close of offer and lock up RPS for 5 years for 18 cents. The 30 + 18 cents will remain in your SRS / CPF IA.
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halleluyah Supreme	15-Sep-2024 14:58        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oops $$$ gone in the air....i most probably will choose option 2 also...hv faith tat god will preserve our $$$.... hope4eva      ( Date: 15-Sep-2024 14:35) Posted: Sorry I'm a bit of a noob so pls pardon me if the question sounds dumb. If I choose option 2 amd wait for the additional 18 cents 5 years later, what if Silverlake goes bankrupt?
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hope4eva Member	15-Sep-2024 14:35        hope4eva About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry I'm a bit of a noob so pls pardon me if the question sounds dumb. If I choose option 2 amd wait for the additional 18 cents 5 years later, what if Silverlake goes bankrupt?
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cmengchan Senior	12-Sep-2024 09:38        cmengchan About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Holding such unlisted security is not in the CPF Investment approved list. Will the holders from CPF, for example, be forced to sell? If for example, if a privatization involved an share exchange to say some foreign (US, HK, etc) shares, I understand CPF Investment criteria does not include foreign securities or unlisted securities as in Silverlake's case. Entropy72      ( Date: 12-Sep-2024 07:37) Posted: The SRS / CPF IA agent banks will need to reach out to SLA shareholders to get their choice of options. Yes, get back 30 cents cash upon close of offer and lock up RPS for 5 years for 18 cents. The 30 + 18 cents will remain in your SRS / CPF IA. cmengchan      ( Date: 12-Sep-2024 07:19) Posted: How will this impact those bought with SRS or CPF, if they opt for Option 2? The money locked up for 5 years will return back to SRS or CPF? This locked up amount is not part of CPF Approved securities that we can invest in, right?
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