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Loss of free float sgx may suspend trading.
https://links.sgx.com/1.0.0/corporate-announcements/7CISG3GCDS1HZ5VO/821197_Dealings_Disclosure_and_Loss_of_Free_Float.pdf
90.53% acceptance. That means mandatory acquisition threshold reached.
cmengchan ( Date: 07-Oct-2024 13:12) Posted:
I think today will likely cross 90%. In that case, the counter would be suspended for mandatory acquisition.
cmengchan ( Date: 04-Oct-2024 20:43) Posted:
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those haven make decision, better do so if not will b leceh later...tats advise frm my broker....dyodd
I think today will likely cross 90%. In that case, the counter would be suspended for mandatory acquisition.
cmengchan ( Date: 04-Oct-2024 20:43) Posted:
89.11% acceptance.
cmengchan ( Date: 03-Oct-2024 19:35) Posted:
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My guess is that since shares were deducted from my CDP account only on 4-Oct Fri, then payment money should have been credited to CDP in exchange for the shares. Probably in 2 or 3 working days, the money should be credited to my account. Likely Wed, I think. Should be similar to timings of money movement when we sell shares.
halleluyah ( Date: 05-Oct-2024 00:55) Posted:
Just login cdp...saw voluntary unconditional offer....i submitted on 26/9....then will checked my bank acc on coming tuesday...
cmengchan ( Date: 04-Oct-2024 22:02) Posted:
I just check CDP share transactions. After I submitted the acceptance form, about 2 days later on 27Sep, my shares were marked as "blocked - takeover". 7 days later on 4 Oct (today), the shares were deducted from my account as "takeover" transaction type.
I think for Option 2, there are paper document involved, so need more time to process the transactions before money is released to shareholders. Fory case, I suspect its within 7 days from 4 Oct, then I will receive the payout |
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Just login cdp...saw voluntary unconditional offer....i submitted on 26/9....then will checked my bank acc on coming tuesday...
cmengchan ( Date: 04-Oct-2024 22:02) Posted:
I just check CDP share transactions. After I submitted the acceptance form, about 2 days later on 27Sep, my shares were marked as "blocked - takeover". 7 days later on 4 Oct (today), the shares were deducted from my account as "takeover" transaction type.
I think for Option 2, there are paper document involved, so need more time to process the transactions before money is released to shareholders. Fory case, I suspect its within 7 days from 4 Oct, then I will receive the payout.
Entropy72 ( Date: 04-Oct-2024 21:17) Posted:
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Thanks for sharing. Mine should be by next Wed since my option 2 was submitted on 27 Sep.
cmengchan ( Date: 04-Oct-2024 22:02) Posted:
I just check CDP share transactions. After I submitted the acceptance form, about 2 days later on 27Sep, my shares were marked as "blocked - takeover". 7 days later on 4 Oct (today), the shares were deducted from my account as "takeover" transaction type.
I think for Option 2, there are paper document involved, so need more time to process the transactions before money is released to shareholders. Fory case, I suspect its within 7 days from 4 Oct, then I will receive the payout.
Entropy72 ( Date: 04-Oct-2024 21:17) Posted:
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I just check CDP share transactions. After I submitted the acceptance form, about 2 days later on 27Sep, my shares were marked as "blocked - takeover". 7 days later on 4 Oct (today), the shares were deducted from my account as "takeover" transaction type.
I think for Option 2, there are paper document involved, so need more time to process the transactions before money is released to shareholders. Fory case, I suspect its within 7 days from 4 Oct, then I will receive the payout.
Entropy72 ( Date: 04-Oct-2024 21:17) Posted:
Alright thanks!
halleluyah ( Date: 04-Oct-2024 20:57) Posted:
| As stated black n white 7 days if nt will get sued....next wk will receive $$ liao... |
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I think Goh is very kind. By extending the date by 2 weeks, those dissenting shareholders who are sitting on the fence still have a chance to choose Option 2.
Entropy72 ( Date: 04-Oct-2024 21:21) Posted:
Wow, 90% reached so soon. Trading volumes will surge a day (traders run road at 36 cts), then dry up next 2 weeks till 21 Oct.
All remaining shareholders should submit acceptances very soon or risk defaulting to option 1.
cmengchan ( Date: 04-Oct-2024 20:43) Posted:
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Wow, 90% reached so soon. Trading volumes will surge a day (traders run road at 36 cts), then dry up next 2 weeks till 21 Oct.
All remaining shareholders should submit acceptances very soon or risk defaulting to option 1.
cmengchan ( Date: 04-Oct-2024 20:43) Posted:
89.11% acceptance.
cmengchan ( Date: 03-Oct-2024 19:35) Posted:
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Alright thanks!
halleluyah ( Date: 04-Oct-2024 20:57) Posted:
As stated black n white 7 days if nt will get sued....next wk will receive $$ liao....
Entropy72 ( Date: 04-Oct-2024 15:09) Posted:
Those who have accepted earlier will get the proceeds 7 business days after acceptance?
Or have to wait till 21 Oct? If so, the extension is not fair and holding back proceeds for those of us who have already accepted. |
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As stated black n white 7 days if nt will get sued....next wk will receive $$ liao....
Entropy72 ( Date: 04-Oct-2024 15:09) Posted:
Those who have accepted earlier will get the proceeds 7 business days after acceptance?
Or have to wait till 21 Oct? If so, the extension is not fair and holding back proceeds for those of us who have already accepted.
cmengchan ( Date: 04-Oct-2024 14:41) Posted:
| No need to rush. Its getting closer. Eventually, those who hold out will be left with illiquid shares if it just failed to reach 90% |
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89.11% acceptance.
cmengchan ( Date: 03-Oct-2024 19:35) Posted:
85.34% acceptance.
cmengchan ( Date: 02-Oct-2024 20:35) Posted:
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Those who have accepted earlier will get the proceeds 7 business days after acceptance?
Or have to wait till 21 Oct? If so, the extension is not fair and holding back proceeds for those of us who have already accepted.
cmengchan ( Date: 04-Oct-2024 14:41) Posted:
No need to rush. Its getting closer. Eventually, those who hold out will be left with illiquid shares if it just failed to reach 90%.
Entropy72 ( Date: 04-Oct-2024 13:14) Posted:
| Ah, Goh buying himself time to accumulate 90% acceptance. |
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No need to rush. Its getting closer. Eventually, those who hold out will be left with illiquid shares if it just failed to reach 90%.
Entropy72 ( Date: 04-Oct-2024 13:14) Posted:
Ah, Goh buying himself time to accumulate 90% acceptance.
spursfan ( Date: 04-Oct-2024 12:24) Posted:
Closing date extend to 21 oct.
No increase of offer consideration
https://links.sgx.com/1.0.0/corporate-announcements/LTUP0PQZG3A1PJ2D/821000_Extension_of_Closing_Date.pdf |
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Ah, Goh buying himself time to accumulate 90% acceptance.
spursfan ( Date: 04-Oct-2024 12:24) Posted:
Closing date extend to 21 oct.
No increase of offer consideration
https://links.sgx.com/1.0.0/corporate-announcements/LTUP0PQZG3A1PJ2D/821000_Extension_of_Closing_Date.pdf |
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Closing date extend to 21 oct.
No increase of offer consideration
https://links.sgx.com/1.0.0/corporate-announcements/LTUP0PQZG3A1PJ2D/821000_Extension_of_Closing_Date.pdf
Possible that they are contra players. However, sell in open market, then will have funds available much earlier to deploy. I believe the sellers could likely be traders, and they might want to move on to other counters.
Entropy72 ( Date: 04-Oct-2024 09:52) Posted:
Not sure why anyone would sell at 36 cents in open market and incur commission. Maybe contra players.
cmengchan ( Date: 04-Oct-2024 09:49) Posted:
| Based on their latest Acceptance update, they have acquired 457,600 shares at $0.36 from open market since then. So, anyone who doesn' t want to wait, can sell and pay the commission |
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Not sure why anyone would sell at 36 cents in open market and incur commission. Maybe contra players.
cmengchan ( Date: 04-Oct-2024 09:49) Posted:
Based on their latest Acceptance update, they have acquired 457,600 shares at $0.36 from open market since then. So, anyone who doesn' t want to wait, can sell and pay the commission.
Entropy72 ( Date: 04-Oct-2024 09:36) Posted:
| Goh has interest to compulsory acquire 100% of shares. He can do so once he gets 90% acceptance. So it is possible his proxies may sweep up additional 4% from market to reach 90%. It is not sabotaging himself to pay higher prices to do so as there is no SGX regulation against it. Correct me if I am mistaken. |
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Based on their latest Acceptance update, they have
acquired 457,600 shares at $0.36 from open market since then. So, anyone who doesn' t want to wait, can sell and pay the commission.
Entropy72 ( Date: 04-Oct-2024 09:36) Posted:
Goh has interest to compulsory acquire 100% of shares. He can do so once he gets 90% acceptance. So it is possible his proxies may sweep up additional 4% from market to reach 90%. It is not sabotaging himself to pay higher prices to do so as there is no SGX regulation against it. Correct me if I am mistaken.
an_k1318 ( Date: 04-Oct-2024 08:26) Posted:
Please do not be upset with my view but once this was out, I felt there is really no point hanging on, hoping to get a higher offer.
The only question now is can you achieve a higher yield or should you wait for 5 years. It is highly impossible and unlikely Goh + proxies will buy something to sabotage themselves.
I sold off 37 cents when IFA bs was shared, cut loss and move on. |
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