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DLISTING NOW SUSPENDED.DO NOT SELL YOUR SHARES.
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ysh2006
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15-Aug-2018 12:48
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Company already announced get 93.02%....another 10 days more! fight another day with another counter ....if trader do!.....
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ysh2006
Supreme |
15-Aug-2018 11:10
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Either sell in open market or go dowm CDP to ask the form to fill up and give to CDP....
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BlackBean
Member |
15-Aug-2018 10:12
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Sorry for the ignorance. For those who didn&rsquo t attend the EGM, how can they accept the offer? | ||||
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qwertyuiop00
Veteran |
13-Aug-2018 13:45
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Don't give false info please. Finantieri can only do a compulsory acquisition of the remaining shares if they acquire 90% of the remaining shares which they do not own at the time of the offer. i.e. Compulsory acquisition will only take place after fincantieri owns about estimated 97.4% shares of total share capital, NOT 90% of total share capital.
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ysh2006
Supreme |
09-Aug-2018 18:26
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Vard announced there will be no increase of exit offer...retailers last date of acceptance 24 Aug ...else will be force takeover by Vard ?...
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ysh2006
Supreme |
09-Aug-2018 10:38
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Always SG'X ruling less than 10% free float can complusory take the remainding shareholders at same take over price...whether retailers want or not.Unles like Aztech delisting only when company only has 82%...
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BillionX
Senior |
08-Aug-2018 14:49
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Suspension of Vard shares is really academic because the delisting has been approved. What is not clear is can Vard mandatorily acquire the rest of the shares that it does not own? According to an article by Apollo Vard must have at least 97% of Vard shares to be able to acquire the rest of the shares that it does not own.The other question is at what price since the $0.25 is for the voluntary delisting.??? | ||||
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ysh2006
Supreme |
08-Aug-2018 13:29
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Vard extends another two weeks till 24 Aug for small investors to submit their shares! last chance to do that...if not those shares will force take back ,issue with a cheque about two months' s time than can get the money if you don' t submit before closing offer....
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katak88
Master |
08-Aug-2018 09:20
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Trading in Vard to be suspended after exit offer closes on Wednesday as free float drops below 10%WED, AUG 08, 2018 - 8:07 AMTRADING in Vard Holdings shares will be suspended immediately after Fincantieri Oil & Gas' s exit offer closes on Aug 8 at 5.30pm, the company announced in a pre-market filing on Wednesday. This follows the stock' s loss of free float after the percentage of its shares held in public hands fell below 10 per cent, said the shipbuilder. As at 5pm on Aug 6, the total number of shares owned, controlled or agreed to be acquired by the offeror and parties acting or deemed to be acting in concert with it amounted to an aggregate of some 1.08 billion shares, representing about 91.91 per cent of total shareholding, said Vard. Its shares closed unchanged at 25 Singapore cents on Tuesday before the announcement. Vard' s shareholders in July approved its delisting, which is estimated to take place about two to three weeks after the closing of Fincantieri' s 25 Singapore cents per share offer. https://www.businesstimes.com.sg/companies-markets/trading-in-vard-to-be-suspended-after-exit-offer-closes-on-wednesday-as-free-float
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MichaelSchenker
Master |
08-Aug-2018 07:48
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Small time investors will forever lose out. If there is great potentials in the company, the big and powerful hands would be eyeing a takeover. They are not going to share the fruits with the public. But in a struggling company, the public and small time investors will continue to bear the risks. Not enough funds, ask the public investors via Rights issue or whatever unscrupulous sgx-legal means. Another view of the situation is to look at the overpriced IPOs. Procurri, POSH......etc. Most of them sunk down to its market worth. Public bear the risk/losses. And of course if the business turns out well, some powerful player will take it private. Then again, this is the game, sgx set the rules... we go in with our eyes and wallet open. No regrets, no apportion of blame. |
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ysh2006
Supreme |
08-Aug-2018 07:23
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Yes Vard ask for trading suspension after offer close.
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ysh2006
Supreme |
07-Aug-2018 19:59
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Maybe next week Vard can ask for suspension as it is less than 10% free float..
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ysh2006
Supreme |
07-Aug-2018 13:07
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By yesterday Vard has 91.91% of shares, so game over for small retailers who don' t accept the offer.
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BillionX
Senior |
07-Aug-2018 11:24
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Q for ysh2006: Delisting of Vard is approved at the recent EGM so that is a foregone conclusion.The other issue is if Fin can acquired more than 90% of all Vard shares before the acceptance dateline of 8.8.18 and the free float of Vard goes under 10% is Fin " obliged" to acquired the rest of the shares that it does not own? If the answer is YES than at what price since shareholders who have not accepted the exit offer price of $0.25 do not have the option of remaining as shareholders of an unlisted company.There are 2 issues at play here.(1)the so-called voluntary delisting at a $0.25 per share,(2)the mandatory acquisition of a company' s shares if it falls below 10% free float (the acquirer has exceeded 90% of shares).For many dissenting shareholders the second issue is more relevant given the delisting has been approved. |
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sharejunction08
Member |
07-Aug-2018 08:07
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Thank you for the advice. | ||||
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ysh2006
Supreme |
06-Aug-2018 21:54
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Yes if after holiday they can get 90% and above...Sgx give them power to take the shares by just issue back a cheque .
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sharejunction08
Member |
06-Aug-2018 21:24
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Shareholders who didn' t accept the offer will their shares be compulsory bought out?? Will seniors/experts please advise! Thank you! | ||||
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sharejunction08
Member |
06-Aug-2018 21:14
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What will happen to those who hold Vard shares but didn' t accept the offer. Will they credit our money back to us or we continue to hold shares of this delisted company?? |
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ysh2006
Supreme |
05-Aug-2018 16:54
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This counter no forumer interested ,? Delisting soon ....
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ysh2006
Supreme |
04-Aug-2018 08:11
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They took 88.89% loh...how to fight ?...Sgx will help them to delist by next week...
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