Tat Hong   

Tat Hong Growing to a Global Player

First 3 or 4 trading days will not have much selling pressure as those who sent in the form cannot sell.
Their shares are not back to their CDP yet.
You take control of your shares as they are always on your hand.

ysh2006      ( Date: 11-May-2018 20:16) Posted: If no GO any guess price will drop or up by BB ? ysh2006      ( Date: 11-May-2018 18:40) Posted: Shall see Monday last day will they say no GO

 

If no GO any guess price will drop or up by BB ?

ysh2006      ( Date: 11-May-2018 18:40) Posted: Shall see Monday last day will they say no GO ? ysh2006      ( Date: 11-May-2018 17:24) Posted: Supposed dared not makan lah .....close 54 only...

 

They clearly don't want to take that big block at 55c today...dare not or wayang wayang only....no money and return all shares back to us ?

 

Shall see Monday last day will they say no GO ?

ysh2006      ( Date: 11-May-2018 17:24) Posted: Supposed dared not makan lah .....close 54 only.... SmallSmall      ( Date: 11-May-2018 16:38) Posted: Finally wake up? 16.3 mil waiting for you mat $0.55

 

Supposed dared not makan lah .....close 54 only....

SmallSmall      ( Date: 11-May-2018 16:38) Posted: Finally wake up? 16.3 mil waiting for you mat $0.55

 

Finally wake up? 16.3 mil waiting for you mat $0.55

 

Tat Hong today dare not to eat up that 16.5M shares why ?...anybody know...?it put up advertisement in local paper for what ?. .

SmallSmall      ( Date: 11-May-2018 13:28) Posted: You are right. My computation was wrong. That is 2.19% of the total number of shares.  If they mop up the 16.5 mil shares at $0.55, the level of acceptance would increase to 86.53% and the last 3.5% would be a lot easier to fulfill. It' s a poker game. The seller of the 16.5 mil shares at $0.55 is probably telling Tat Hong to buy up his shares as he did not want to risk tendering and not having the offer declared unconditional. So he is actually telling Tat Hong to buy up his shares in the open market. This is actually a chance for Tat Hong to increase its chance of delisting.  Let' s see if they will do it. Don' t think there is a rule barring them from buying from the open market :)  tginvestment      ( Date: 11-May-2018 13:03) Posted: That should be 2.19% of the total shares

 

You are right. My computation was wrong. That is 2.19% of the total number of shares. 
If they mop up the 16.5 mil shares at $0.55, the level of acceptance would increase to 86.53% and the last 3.5% would be a lot easier to fulfill.
It' s a poker game. The seller of the 16.5 mil shares at $0.55 is probably telling Tat Hong to buy up his shares as he did not want to risk tendering and not having the offer declared unconditional. So he is actually telling Tat Hong to buy up his shares in the open market.
This is actually a chance for Tat Hong to increase its chance of delisting. 
Let' s see if they will do it.
Don' t think there is a rule barring them from buying from the open market :) 

tginvestment      ( Date: 11-May-2018 13:03) Posted: That should be 2.19% of the total shares tginvestment      ( Date: 11-May-2018 12:34) Posted: Sign of revising the offe

 

Count down to next Monday but TH should announce tonight if extended ?...

ysh2006      ( Date: 10-May-2018 12:58) Posted: Count down one day more go or No GO!! ysh2006      ( Date: 09-May-2018 20:51) Posted: Count down two days more to go or No GO

 

That should be 2.19% of the total shares

tginvestment      ( Date: 11-May-2018 12:34) Posted: Sign of revising the offer SmallSmall      ( Date: 11-May-2018 10:49) Posted: Interesting. There is a block of 16 mil seller sitting at $0.55 to sell. That is 0.5% of the company.

 

Sign of revising the offer

SmallSmall      ( Date: 11-May-2018 10:49) Posted: Interesting. There is a block of 16 mil seller sitting at $0.55 to sell. That is 0.5% of the company.

 

Interesting. There is a block of 16 mil seller sitting at $0.55 to sell. That is 0.5% of the company.

 

Count down one day more go or No GO!!

ysh2006      ( Date: 09-May-2018 20:51) Posted: Count down two days more to go or No GO! ysh2006      ( Date: 09-May-2018 13:52) Posted: I supposed TH competitors like construction companies and Australian companies....

 

Count down two days more to go or No GO!

ysh2006      ( Date: 09-May-2018 13:52) Posted: I supposed TH competitors like construction companies and Australian companies....  DesmondPT      ( Date: 09-May-2018 09:57) Posted: They advertised on newspapers again. As of 07 May, they got 84.26% which = 634,615,707 shares. So they need 5.74% more which = 43,231,595 shares Who would be holding 43,231 lots other than those who haven' t tendered in this thread??

 

I supposed TH competitors like construction companies and Australian companies.... 

DesmondPT      ( Date: 09-May-2018 09:57) Posted: They advertised on newspapers again. As of 07 May, they got 84.26% which = 634,615,707 shares. So they need 5.74% more which = 43,231,595 shares Who would be holding 43,231 lots other than those who haven' t tendered in this thread??

 

If your cost price is below $0.50, it is a simple and easy decision. If you know of these group of shareholders who are in their retirement age of 60?s and 70?s, their cost price is between $1.50 to as high as $3.00, how to accept this offer?
They had been waiting for this upturn for more than 5 years. If this voluntary cash offer is without delisting, then it is a very fair offer for people who do not want to hold. For those who looking forward for the golden days to come, it is a sudden death to them.
Imagine getting back 20% to 30% of their investment back which is being their retirement fund. This is the least I can help them.

zhaoyun23      ( Date: 09-May-2018 10:17) Posted: Yup, Vard had alot more opposition, offer not as sweet, more minorities out of the money etc. Their case drag on for years. For tat hong, people who have accepted the offer are advantaged as in the extremely unlikely scenerio where the offerer raises the price, they will still get the revised offer price, and they will get it faster.  It is also possible the offerer reduce the 90% offer acceptance condition and  declare offer unconditional. Ppl who have accepted the offer will get cash within 7 days.  Those who haven accept will be givem 14days to accept, those who still don' t accept will be left with their shares. The company will likely follow up with a voluntary delisting which we know basically forces more people to accept the offer since not many people like to hold illiquid delisted shares.  It' s your choice to hang on to your shares and i' m only highlighting that you' re bleeding yourself to fight a losing battle. In any case, those who have already accepted offer just lim kopi wait to collect money nia. tginvestment      ( Date: 09-May-2018 00:04) Posted: Vard case is totally different from this voluntary cash offer. For those who wanted fast cash, they would had sold in the open market as early as Nov 17. Only those who wanted half a cent more by sending in their form earlier on got stuck now. They cannot do anything now, leaving their fate in the hand of the CK.

 

15.74% haven accepted which is around 118.5M shares. Most of the 84.26% accepted based on intial offer price of $0.50.
Some of them have just received revised $0.55 offer document and will be deciding before the offer closes on the 14th. Many people have their shares in custody accounts and many custodians typically wait closer to the offer closing date before tendering acceptance after consolidating instructions from their clients.

DesmondPT      ( Date: 09-May-2018 09:57) Posted: They advertised on newspapers again. As of 07 May, they got 84.26% which = 634,615,707 shares. So they need 5.74% more which = 43,231,595 shares Who would be holding 43,231 lots other than those who haven' t tendered in this thread??

 

Yup, Vard had alot more opposition, offer not as sweet, more minorities out of the money etc. Their case drag on for years.
For tat hong, people who have accepted the offer are advantaged as in the extremely unlikely scenerio where the offerer raises the price, they will still get the revised offer price, and they will get it faster. 
It is also possible the offerer reduce the 90% offer acceptance condition and  declare offer unconditional. Ppl who have accepted the offer will get cash within 7 days.  Those who haven accept will be givem 14days to accept, those who still don' t accept will be left with their shares. The company will likely follow up with a voluntary delisting which we know basically forces more people to accept the offer since not many people like to hold illiquid delisted shares. 
It' s your choice to hang on to your shares and i' m only highlighting that you' re bleeding yourself to fight a losing battle. In any case, those who have already accepted offer just lim kopi wait to collect money nia.

tginvestment      ( Date: 09-May-2018 00:04) Posted: Vard case is totally different from this voluntary cash offer. For those who wanted fast cash, they would had sold in the open market as early as Nov 17. Only those who wanted half a cent more by sending in their form earlier on got stuck now. They cannot do anything now, leaving their fate in the hand of the CK.

 

They advertised on newspapers again.
As of 07 May, they got 84.26% which = 634,615,707 shares.
So they need 5.74% more which = 43,231,595 shares
Who would be holding 43,231 lots other than those who haven' t tendered in this thread?? 

 

If each time they raised price can only get 2% more, then they got to raised 3 more times, which is $0.70 in order to hit 90%. Cheers.

ysh2006      ( Date: 09-May-2018 08:28) Posted: Supposed more than 5 % public still think money not enough....TH increased price only get 2% more...if TH really interested raise up price evtend due date!! zhaoyun23      ( Date: 08-May-2018 22:57) Posted: It is already confirmed that there is no 3rd party offering higher. Only scenerio left is if got concerted group holding more than 10%. But if got, by now you would hear alot of kpkb in the media already. So it is certain remainer of ppl who have not accepted the offer are fragmanted. Offerer already got 84.26% and they know they dont need to raise price anymore. After extensions if they dont get 90%, they would go for a voluntary delisting which would only require 75% approval + < 10% to be proxy/present and voting against. If you follow the vard saga, you would know the issues with gathering a fragmanted group of shareholders to try to block the delisting much less bargain for a higher offer price at this stage. In summary, the earlier they get 90%, the earlier shareholders get their money. If it drags on to voluntary delisting, then shareholders will just have to wait a few more months to get paid.