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How come I never receive any letter from them to ask if i want to sell my shares a not? just came back from overseas posting . sianz. auto sold?
Salford ( Date: 20-Sep-2024 22:20) Posted:
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Probably in HK or Shenzhen
Finally end of the journey today. Let's see where Best World going to get listed again...
Good for you.
As for me I need to light a fire under my broker.
As for me I need to light a fire under my broker.
Yes, managed to enter a matching order yesterday and got some shares.
Did you manage to buy at that price? If so well done.
I thought I had a standing order to buy more, but only found out this morning that it had expired the day before yesterday. Need to check with my broker how this came about as I did not think I had set it to expire for a while yet.
I thought I had a standing order to buy more, but only found out this morning that it had expired the day before yesterday. Need to check with my broker how this came about as I did not think I had set it to expire for a while yet.
More surprised with the matching price @$2.49.
Good gain for 15 days.
Good gain for 15 days.
Pleasantly surprised how quick this was.
Request for Suspension
https://links.sgx.com/1.0.0/corporate-announcements/ZGB4NRXV7UU24Z1V/64da3fb7fc05c8dc39f7a94d82da5251a9eabc4a8833d11c7648acbb26ede828
The money will be paid once the court order and other relevant docs are filed.
The outstanding question is how long will this take. The company has 90 days to do so, and has no legal requirement or incentive to do it quickly because it is earning interest on the cash to be used to pay shareholders, while the value of the payment is fixed.
The outstanding question is how long will this take. The company has 90 days to do so, and has no legal requirement or incentive to do it quickly because it is earning interest on the cash to be used to pay shareholders, while the value of the payment is fixed.
I believe you will be forced to sell.
VT__VT ( Date: 08-Jul-2024 09:53) Posted:
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Best World raises stake in British beauty firm Pedal Pulses
Total purchase consideration of about S$5.5 million is not materially different from the one announced in April 2020
BEST World International has raised its stake in British beauty company Pedal Pulses to 59.9 per cent from 50 per cent.
In a bourse announcement on Tuesday (Jul 23), the company announced that it has entered into a sales and purchase agreement with Pedal Pulses&rsquo shareholder Ian Richardson, for 116 shares at £ 0.01 each. The total purchase consideration of about S$5.5 million is subject to the terms and conditions of the agreement, which is not materially different from the one announced in April 2020.
Best World had entered a deed of variation to amend the original put and call option agreement with Pedal Pulses, Richardson and Margaret Dabbs. The original put and call option in the April 2020 announcement would allow Richardson and Dabbs to sell any amount of their remaining shares.
The option price would be computed based on 13.7 times of the target group&rsquo s earnings before interest, tax, depreciation and amortisation, plus net cash, then divided by the total number of shares in issue at the date of the exercise of the put and call option.
Pedal Pulses comprises Margaret Dabbs London &ndash which provides beauty product for feet, legs and hands &ndash and a portfolio of Margaret Dabbs London Clinics in the UK and internationally, which provide podiatry and beauty services.
Hi All,
Any idea if I dont accept the offer. What will happened? When it be force sell if they managed to get enough shares? Or will I remain as shareholder and kana stuck for eternality...
Thank you.
Any idea if I dont accept the offer. What will happened? When it be force sell if they managed to get enough shares? Or will I remain as shareholder and kana stuck for eternality...
Thank you.
Delisting and SCR EGM date set on 19/7/24 at 9.00am
Gone case, accept and move on ?
Gone case, accept and move on ?
Best World&rsquo s exit offer &lsquo fair and reasonable&rsquo , says independent financial adviser
Evolve Capital Advisory pegs the estimated value of each Best World share at between S$1.36 and S$2.69
THE exit offer by has been deemed &ldquo fair and reasonable&rdquo by an independent financial adviser, said an offer circular filed on Monday (Jun 24).
The adviser, Evolve Capital Advisory, has thus recommended through the board&rsquo s independent directors that shareholders vote in favour of the selective capital reduction.
Best World made an exit offer by way of a selective capital reduction in April in a move to delist the personal-care products company, raising the price to S$2.56 a share in cash in late May &ndash up from S$2.50 previously. It also said it had no intention to revise the offer price.
The final exit offer price is a premium to the historical trading price of the shares in the six months up to the last undisturbed trading day, when the share price ranged from S$1.60 to S$1.83. It is also a premium to the adjusted net asset value per share of S$1.36.
According to Evolve Capital Advisory&rsquo s computations, the estimated value of each Best World share ranges between S$1.36 and S$2.69. Given that the final exit offer price is within the fourth quartile of this range, the offer is thus deemed &ldquo fair&rdquo .
The probability of receiving competing offers is low, Evolve Capital Advisory noted, so the exit offer thus gives an opportunity to eligible shareholders, who may find it difficult to exit their investment at a fair market price because of the counter&rsquo s low trading liquidity.
Subject to shareholders&rsquo approval at an extraordinary general meeting and the High Court&rsquo s approval of the exit offer, some 150.1 million shares of eligible shareholders, excluding the major shareholders who are involved in the business, will be scrapped.
This will reduce Best World shares by about 34.9 per cent to 280.3 million.
Depends on if and when shareholders say yes.
Alignment ( Date: 27-May-2024 09:43) Posted:
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I am aware of the potential steps however I have not seen an explicit timetable or even timetable range laid out if everything goes according to plan, as Isetan has in its offer (although if Isetan chooses to increase its offer price then obviously that timetable will slip).
edison21 ( Date: 05-Jun-2024 06:57) Posted:
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This kind of exercise need to start with the egm, see what the shareholders say
and SIAS give their recommendation for shareholders. I seen a past recent case,
where they ask shareholder to reject.
It can take more than 6 months.
Its mostly depend on the take up rate which they will show regularly based on the
response. You can always submit before the closing date to accept the offer when they
have reach the threshold.
What is the timetable? When would investors get their money back if this deal goes through?
Best World raises exit offer price to S$2.56 per share in final offer
Company decided on the move after a review of its most recent financial and cash position
BEST World International : CGN 0% said on Friday (May 24) that it will raise its exit offer price to S$2.56 per share in cash, up from S$2.50 previously, and it does not intend to revise the final exit offer price.
The company said in a bourse filing that it decided to increase the exit offer price following a review of its most recent financial and cash position.
&ldquo The company is of the view that the final exit offer price reinforces the compelling exit opportunity for eligible shareholders, to realise their entire investment in cash at an attractive premium over historical traded prices of the shares up to the last undisturbed trading day amid low trading liquidity and ongoing market volatility, without incurring brokerage and other trading costs,&rdquo it said.
The final exit offer price is a premium to the historical trading price of the shares in the six months up to the last undisturbed trading day, which ranged from S$1.60 to S$1.83. It is also a premium to the adjusted net asset value per share of S$1.36.
Best World announced last month its exit offer by way of a selective capital reduction as it seeks to delist the company.
Some 150.1 million shares of eligible shareholders, excluding the company&rsquo s major shareholders who are involved with the business, will be cancelled, subject to these shareholders&rsquo approval at an extraordinary general meeting and the High Court&rsquo s approval of the exit offer. This will reduce the company&rsquo s shares by about 34.9 per cent to 280.3 million.
&ldquo The company believes a privatisation of the company will provide the necessary flexibility to optimise its resources to focus on the longer-term strategies of the business,&rdquo it said in April.
Best World added that it has no present need for access to the Singapore capital markets and has not carried out any corporate exercise to raise cash funding on the SGX in the past 10 years.