muraliU mean even one shareholder who owns 100 unit said no to the deal and then the deal will be off and everybody gets back 10% FD???
muraliI get what you meant...if any of the shareholder said no to the deal then he will get back his money while others still will go on with the deal....
imoogi99YES and NO. No, the deal will still goes through as they need 85% approval for QA but YES, if you one of them reject, you get your money back.....read the SC guidelines I paste above. You can download from www.sc.com.my.
muraliIf this is true, then to view it as a 10% FD is still making sense, as long as you say no to the deal in EGM and then you can get back your money....
muraliSo are you guys buying the shares to say no in EGM to get back your 10% FD or you wanna follow them to go Kazakhstan??
hotshotinvestorThis is why Malaysian SPAC(referring to the 2nd revised guidelines) structure is more secure. Am surprised even after so many article was produced, there are people still confused. I personally blame the SPAC companies not highlighting this enough to investors. by right, this should naturally trade slightly above 3yr MGS.
sheepIf cost of production is low and at current price there is still good profit to be made, why all this hu huh ha ha? you all want the price to go down so can grab more? phui! wakakakaka
hotshotinvestorOf course nobody wants this to come down. EGM to vote no is only one of the option. If CLIQ Management wants my vote, push up share price la. People you should worry for voting no are people like Julian Suresh Candiah or Credit Suisse. Because of their size, market might not be able to absorb their shares., their best option is to vote no and get out clean. Also problematic for the remainding shareholder as suddenly they would have lost 10% of their available funds to purchase this asset. So best way for CLIQ to approach this situation is to goreng the share.
FasteromCLIQ not to goreng...but the retail investor will be goreng...good luck..