Tat Hong
Tat Hong Growing to a Global Player
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Final price means Final price. Is there another way to interpret unless there is another competitive offer which is impossible. Life has to move on even if the price is not the most transparent.
Tat Hong will increase the price to 60c after May 14 lah...they will not say don't want type now they get about 84% loh...
DesmondPT ( Date: 30-Apr-2018 13:48) Posted:
Ok guys, I joined this forum cos I chanced upon your your discussion.
Yall dun play leh. Just send tender your shares, take the 55c lah.
Wait cannot reach 90% they rescind the offer, the share price chui back to 40c. :/ |
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http://infopub.sgx.com/FileOpen/Tat%20Hong%20Holdings%20Announcement%20Revised%20Offer%2026.04.2018.ashx?App=Announcement& FileID=501214
" For each Offer Share: S$0.55 in cash (the &ldquo Final Offer Price&rdquo ) As stated in the Offer Revision Announcement, the Offeror does not intend to revise the Final Offer Price. As stated in the Offer Revision Announcement, Shareholders who have earlier validly accepted the Offer are entitled to receive the Final Offer Price, subject to the Offer becoming or being declared to be unconditional in all respects in accordance with its terms. Accordingly, no further action in respect of the Offer is required to be taken by Shareholders who have already validly accepted the Offer. "
Offer close 14th May, if cannot get 90% by then, at most they can extend closing date. They wont raise offer price anymore.
Cash will be received within 7 working days of offer turning unconditional/valid receipt of offer acceptance from shareholder(whichever is later). Those who want to wait only get money later lor.
Ok guys, I joined this forum cos I chanced upon your your discussion.
Yall dun play leh. Just send tender your shares, take the 55c lah.
Wait cannot reach 90% they rescind the offer, the share price chui back to 40c. :/
Yes the company very screteive don't announce daily how many %age they take ...
tginvestment ( Date: 28-Apr-2018 21:45) Posted:
That is possible.
So don' t send in the form. Then they got no choice, force them to revise to $0.60.
ysh2006 ( Date: 28-Apr-2018 10:23) Posted:
| As at 25 Apr it hold only 82.5%....This two days high volume maybe can get 84% already...hope by 14 May Tat Hong revised one more time to 60c and extend another 14 days to complete the GO! |
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That is possible.
So don' t send in the form. Then they got no choice, force them to revise to $0.60.
ysh2006 ( Date: 28-Apr-2018 10:23) Posted:
As at 25 Apr it hold only 82.5%....This two days high volume maybe can get 84% already...hope by 14 May Tat Hong revised one more time to 60c and extend another 14 days to complete the GO!.
tginvestment ( Date: 26-Apr-2018 12:33) Posted:
As stated in 2.7 (b) of the Offer Document:
(b) Offer to Remain Open for 14 Days after Being Declared Unconditional as to Acceptances
Pursuant to Rule 22.6 of the Code, if the Offer becomes or is declared to be unconditional as to acceptances, the Offer will remain open for acceptance for not less than 14 days after the date on which it would otherwise have closed, in order to give those Shareholders who have not accepted the Offer the opportunity to do so. This requirement does not apply if, before the Offer becomes or is declared to be unconditional as to acceptances, the Offeror has given notice in writing to the Shareholders at least 14 days before the specified Closing Date that the Offer will not be open for acceptance beyond that date, provided that such notice may not be given, or if already given, shall not be capable of being enforced in a competitive situation. If a declaration that the Offer is unconditional as to acceptances is confirmed in accordance with paragraph 2.1 of Appendix VI to this Offer Document, such 14-day period referred to in Rule 22.6 of the Code will run from the date of such confirmation (if given) or the date on which the Offer would otherwise have expired, whichever is later.
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As at 25 Apr it hold only 82.5%....This two days high volume maybe can get
84% already...hope by 14 May Tat Hong revised one more time to
60c and extend another 14 days to complete the GO!.
tginvestment ( Date: 26-Apr-2018 12:33) Posted:
As stated in 2.7 (b) of the Offer Document:
(b) Offer to Remain Open for 14 Days after Being Declared Unconditional as to Acceptances
Pursuant to Rule 22.6 of the Code, if the Offer becomes or is declared to be unconditional as to acceptances, the Offer will remain open for acceptance for not less than 14 days after the date on which it would otherwise have closed, in order to give those Shareholders who have not accepted the Offer the opportunity to do so. This requirement does not apply if, before the Offer becomes or is declared to be unconditional as to acceptances, the Offeror has given notice in writing to the Shareholders at least 14 days before the specified Closing Date that the Offer will not be open for acceptance beyond that date, provided that such notice may not be given, or if already given, shall not be capable of being enforced in a competitive situation. If a declaration that the Offer is unconditional as to acceptances is confirmed in accordance with paragraph 2.1 of Appendix VI to this Offer Document, such 14-day period referred to in Rule 22.6 of the Code will run from the date of such confirmation (if given) or the date on which the Offer would otherwise have expired, whichever is later.
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Those who think can get few hundred dollars end up getting in thousands, really 4D windfall ....buy last week only!
tginvestment ( Date: 26-Apr-2018 12:33) Posted:
As stated in 2.7 (b) of the Offer Document:
(b) Offer to Remain Open for 14 Days after Being Declared Unconditional as to Acceptances
Pursuant to Rule 22.6 of the Code, if the Offer becomes or is declared to be unconditional as to acceptances, the Offer will remain open for acceptance for not less than 14 days after the date on which it would otherwise have closed, in order to give those Shareholders who have not accepted the Offer the opportunity to do so. This requirement does not apply if, before the Offer becomes or is declared to be unconditional as to acceptances, the Offeror has given notice in writing to the Shareholders at least 14 days before the specified Closing Date that the Offer will not be open for acceptance beyond that date, provided that such notice may not be given, or if already given, shall not be capable of being enforced in a competitive situation. If a declaration that the Offer is unconditional as to acceptances is confirmed in accordance with paragraph 2.1 of Appendix VI to this Offer Document, such 14-day period referred to in Rule 22.6 of the Code will run from the date of such confirmation (if given) or the date on which the Offer would otherwise have expired, whichever is later.
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As stated in 2.7 (b) of the Offer Document:
(b) Offer to Remain Open for 14 Days after Being Declared Unconditional as to Acceptances
Pursuant to Rule 22.6 of the Code, if the Offer becomes or is declared to be unconditional as to acceptances, the Offer will remain open for acceptance for not less than 14 days after the date on which it would otherwise have closed, in order to give those Shareholders who have not accepted the Offer the opportunity to do so. This requirement does not apply if, before the Offer becomes or is declared to be unconditional as to acceptances, the Offeror has given notice in writing to the Shareholders at least 14 days before the specified Closing Date that the Offer will not be open for acceptance beyond that date, provided that such notice may not be given, or if already given, shall not be capable of being enforced in a competitive situation. If a declaration that the Offer is unconditional as to acceptances is confirmed in accordance with paragraph 2.1 of Appendix VI to this Offer Document, such 14-day period referred to in Rule 22.6 of the Code will run from the date of such confirmation (if given) or the date on which the Offer would otherwise have expired, whichever is later.
Likely to go through this round with the finak $0.05 sweentener. Just 7.9% more needed.
So if by 14 May they get 90% they will extend unconditional offer by another 14 days? Just up by 5 cents... not sincere at all...
vivivava ( Date: 26-Apr-2018 08:38) Posted:
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they have acq 82.4%
dishonest mgt
vivivava ( Date: 26-Apr-2018 08:38) Posted:
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Yes, either they take 100% or they remain as it is.
Got 14 days for you to act if confirmed, more than enough time to act.
The owner is more worried that you are not selling to them.
You didn' t read carefully, owner openly said want to take it private,unconditional offer if can get 90% and above,even you don' t want to sell also cannot lah! don' t scare people, it was stated clearly in the offer document!!....
derekloh ( Date: 24-Apr-2018 13:21) Posted:
Hi...i was told by my broker, if the company manage to acculmate 90%....they can don' t offer the exit offer of 50 cents to those refuse to accept their offer intially.
SGX does not protect the rest 10% shareholder and their money is stuck with the company after go private.
i have the prospectus and didn' t see any exit offer for those refuse to accept their offer.
Don' t know to do 
tginvestment ( Date: 17-Apr-2018 12:01) Posted:
The offer will turn into unconditional only if it hits 90%.
If it did not hits 90%, the offer will lapses. Everything remain as usual before.
If it hits 90%, the offer will become unconditional, shareholders have 14 days to accept the offer.
Those sharesholders who did not accept, their shares will be compulsory acquisited.
Anyway, if you are not happy with the price, you can wait till it turn unconditional then you accept the offer |
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Hi...i was told by my broker, if the company manage to acculmate 90%....they can don' t offer the exit offer of 50 cents to those refuse to accept their offer intially.
SGX does not protect the rest 10% shareholder and their money is stuck with the company after go private.
i have the prospectus and didn' t see any exit offer for those refuse to accept their offer.
Don' t know to do
tginvestment ( Date: 17-Apr-2018 12:01) Posted:
The offer will turn into unconditional only if it hits 90%.
If it did not hits 90%, the offer will lapses. Everything remain as usual before.
If it hits 90%, the offer will become unconditional, shareholders have 14 days to accept the offer.
Those sharesholders who did not accept, their shares will be compulsory acquisited.
Anyway, if you are not happy with the price, you can wait till it turn unconditional then you accept the offer.
KerenKeren ( Date: 16-Apr-2018 14:58) Posted:
| Does that mean even if you dont agree to sell, if they manage to get above 90% of the shares, they will automatically just take your shares and pay you 50 cents/lot? Is that what they mean by unconditional offer? |
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Please assist
Tks
ysh2006 ( Date: 20-Apr-2018 13:35) Posted:
Just to ask if today I buy how many days CDP will credit shares to my account? if three days later my CDP have the shares credited can I go down CDP to ask them for form and submit it by Thursday 5pm?
KerenKeren ( Date: 18-Apr-2018 09:15) Posted:
| Thanks tginvestment. That kind of clarified my doubts : |
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please help
ysh2006 ( Date: 20-Apr-2018 13:35) Posted:
Just to ask if today I buy how many days CDP will credit shares to my account? if three days later my CDP have the shares credited can I go down CDP to ask them for form and submit it by Thursday 5pm?
KerenKeren ( Date: 18-Apr-2018 09:15) Posted:
| Thanks tginvestment. That kind of clarified my doubts : |
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Just to ask if today I buy how many days CDP will credit shares to my account? if three days later my CDP have the shares credited can I go down CDP to ask them for form and submit it by Thursday 5pm?
KerenKeren ( Date: 18-Apr-2018 09:15) Posted:
Thanks tginvestment. That kind of clarified my doubts :)
tginvestment ( Date: 17-Apr-2018 12:01) Posted:
The offer will turn into unconditional only if it hits 90%.
If it did not hits 90%, the offer will lapses. Everything remain as usual before.
If it hits 90%, the offer will become unconditional, shareholders have 14 days to accept the offer.
Those sharesholders who did not accept, their shares will be compulsory acquisited.
Anyway, if you are not happy with the price, you can wait till it turn unconditional then you accept the offer |
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