Yes if only they structured a fairer deal in the first place.

The deals r overpriced & the rights issue is at too deep a discount.
They need minorities to vote in favour but they miscalculated.......too bad

Say u buy at 0.73 come meeting day it's at 0.53, will u still vote in favour?
Most retailers have bought between RM1-RM4 guess what they will do?

Nobody will think like u , PNB or no PNB
Crude oil recovering & my share going down, so will I vote yes? Nah

Stock..... I bet u will win big if deal cancel. If not very long term hold. My money is that the deal will be voted out

Nobody will vote yes cos all lost money,

now who sold today? Local & foreign funds
Who bought? 10% max retailers & contra rollover, balance who?
It's the PNB insiders, they will hold to make at least 50% return within 3-6 mths before election just like felda play. So deal must change or cancel for this to happen & believe u me, this is certain

Or close shop, sell assets & get NTA value of RM1.36

This deal won't go through. Small shareholders will attend the EGM & shout. Revise the deal.
Rights issue at RM1.00, exchange share with Icon at RM1.26 ( 10 sen discount to NTA ) & get a 10-20% discount on the other acquiction or just merge with MHB at 1:1 merger.

Or put Umwog on auction sale to the highest bidder at a reserve price of RM 1.00

Based on this stupid deal, Umwog share price is the worst performer in the crude oil recovery phase. M & A is supposed to benefit the acquirer but the reverse is true here. Someone in PNB is screwing this deal

Bleeding.....so sell some assets, downsize, cut out the fat , invite parties to take them over etc. Am sure at least can get 1.00 per share

This is in my opinion is designed to fail. It's absurd as share price was 90c & u put rights issue at 50c. Stupid

Majority also cannot vote in the EGM

Vote no, won't die, UMW will still control & have to support or come out with a better deal to protect the minority

Majority is forcing an unfair deal for their benefit

This deal very hard to go through

Now they must also take out their own big money to patch the hole. In order to convince the retailers , they have to push above 1.00 otherwise rights issue will fail, retailers no more spare cash. All will sell the OR when listed

Better then before

The deal is good for all cos Umwog will buy another PNB firm for 472 m. That's a good deal

Give Icon shh a bit cheaper so they will not take cash,
Umwog just issue paper

PNB will directly hold 40%
Better then UMW

PNB funds not stupid

Deal is good for Umwog as it may not come out with any cash to pay to Icon minority shh.
Why, mother share will be pushed above RM1.00 so Icon shh will take the share

Nothing to do with Umwog shareholders or to the deal

Umw will give Umwog shares which it owns as bonus to umw shareholders