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Boustead Proj record earnings special dividend
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Joelton
Supreme |
21-Mar-2023 09:10
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Boustead Projects to be delisted after losing free float
Boustead Projects AVM -0.52% will be delisted after its offeror, Boustead Singapore F9D 0.00% , has received valid acceptances of around 90.69% of the total number of shares in the former on March 17.
With less than 10% of Boustead Project&rsquo s shares now held by the public, Boustead Singapore will proceed with its intention to privatise and delist the company from the SGX-ST.
Trading of shares in Boustead Projects has been suspended.
Boustead Singapore, on Feb 6, launched a voluntary unconditional offer for all the shares it did not own in Boustead Projects at 90 cents apiece.
The offer was revised to 95 cents per share on Feb 22.
In the offer document, Boustead Singapore said that it had no intention to try and lift any trading suspension by the SGX-ST. The offer document adds that the offeror &ldquo will not be able to avail itself of the powers of compulsory acquisition under Section 215(1) of the Companies Act following the completion of the offer&rdquo .
The offer&rsquo s deadline remains the same it will close at 5.30pm on March 27.
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maxlim3
Member |
20-Mar-2023 22:20
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Ya. Done deal. Don need to say anything more. Haha. Now the question is buy boustead at what price.
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ysh2006
Supreme |
20-Mar-2023 16:50
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Today all quiet no forumers come in to talk already once done deal waiting to be delisted next week ? | ||||
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ysh2006
Supreme |
19-Mar-2023 05:48
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May know any clue on what price to consider ? Many said HK people very stingy like Indonesian Golden Energy..
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mrwise
Supreme |
18-Mar-2023 23:55
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y waste time on this done deal counter? Time to focus on other counter that are likely to delist soon....Hong Fok likely to be the next!!! |
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Catrade
Master |
18-Mar-2023 21:37
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That what I was thinking, n wondering what magic they can manoeuvre against their own Rule 1303(1).....
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maxlim3
Member |
18-Mar-2023 20:55
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Do not think they can do anything or should do anything. Everything was done according to rules. Changing now will affect too many parties and have wider implications.
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Catrade
Master |
18-Mar-2023 18:01
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Now the Offerer had gathered more than 90% of the total issued shares, wondering what SGX Regco & SIAS can or would do? Thus going forward is interesting to watch Boustead Proj .... According to Rule 1303(1) of the Listing Manual states that where the Offeror succeeds in garnering acceptances in excess of 90% of the total number of issued Shares (excluding treasury shares), thus causing the percentage of the total number of issued Shares (excluding treasury shares) held in public hands to fall below 10%, the SGX-ST will suspend the trading of the Shares only at the close of the Offer. | ||||
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ysh2006
Supreme |
18-Mar-2023 06:34
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They announced loss of free float ,after closing date Sgx will suspend trading till restore min 10% if not force to delist the shares . | ||||
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HVRRVH
Elite |
18-Mar-2023 00:31
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oday' s acquisition from SGX market is 0.08% for 260,100 shares. A decimal point different. They have other acceptance via acceptance form that incur no trading fee etc. Now it' s over 90%, SIAS said they can' t delist. no scare. Let' s see what they ' advise' next since the counter can now be suspended due to lost of free float.
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lifeisgood
Supreme |
17-Mar-2023 23:33
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Exceeded 90% liao ! 4. RESULTANT SHAREHOLDING Accordingly, based on information available to the Offeror, as at 6:00pm (Singapore time) on 17 March 2023, the total number of (a) Shares owned, controlled or agreed to be acquired by the Offeror and the Offeror&rsquo s Concert Parties and (b) valid acceptances of the Offer, amount to an aggregate of 284,081,151 Shares, representing approximately 90.69% of the total number of Shares.
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lifeisgood
Supreme |
17-Mar-2023 20:46
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Did I make a mistake? Lets see what' s the final tally is tonight.
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HVRRVH
Elite |
17-Mar-2023 16:24
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They may cross the 90% by today after taking into account those submitted the acceptance form.
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HVRRVH
Elite |
17-Mar-2023 16:20
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Done deal is done deal but 200000 shares is about 0.04% and not 0.4%
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lifeisgood
Supreme |
17-Mar-2023 15:05
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Perhaps there is another deal involving BSL, right after the BP privatisation ended successfully. | ||||
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lifeisgood
Supreme |
17-Mar-2023 14:29
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I have been nibbling on Boustead these few days. Seems like CLSA is pressing down. |
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lifeisgood
Supreme |
17-Mar-2023 14:18
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Today BSL accumulated 200,000, equivalent to 0.4% shares of BP. It needed only 0.27% to cross the 90% mark. So is a done deal already. Expect BP to be delisted |
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lifeisgood
Supreme |
17-Mar-2023 09:33
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Another 192,000 shares sold at 95 cents this morning. Think the 90% already achieved. Will get delisted . So those who are still holding on will become private shareholders. | ||||
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ysh2006
Supreme |
17-Mar-2023 09:27
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Only left 0.27% why company don' t exercise compulsory force buy the rest and delist from market ? or they know the last 10% cannot get and don' t want to buy from them....? | ||||
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ysh2006
Supreme |
17-Mar-2023 05:07
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If shareholders think also not fair than form your own private group ,united together wait for few years maybe company may buy out quietly from remaining SH at a better price.( I think only ) | ||||
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