http://www.bursamalaysia.com/market/listed-companies/company-announcements/4826729

The chances of maintaining listing status appear to be higher with this announcement.

Refer to pg 16 of the offer notice
Note:-
The
existing
Warrants
held
by
the
PACs
may
be
converted
into
new
OSK
Property
Shares

It was not committed to sell to OSK for RM1.00.
What is the reason may be convert to OSK prop shares?
Can someone interpret the remarks.
By suppressing the OSK price lower than OSK prop. does it mean someone
discourage us from accepting the offer and want the listing status maintain.

At this moment many think the acquisition is compulsory though
Only mandatory.If we reject the offer then the chance to get more
Than 90 pct is harder.
By maintaining listing status OLH and pac also benefit as they
Still have more than 80 million of warrant which they had not declare
their intention yet in the merger exercise.

It is also not wise for any smart investor to exchange for OSK shares.
The eps for the current year expect to be around 60 cts based on feedback from various experts in i3investor.
Hence OSK prop shares value up more than OSK in future especially with not much public float. Similar case happen to Hong Leong Capital when Hong Leong failed to capture 90% shareholding..
Reject the offer.

Please read the bursa announcement dated 20/7, there is bold letter content as follows on pg 13

It
is
the
intention
of
the
Offeror
to
maintain
the
listing
status
of
OSK
Property,
unless
sufficient
valid
acceptances
are
obtained
to
invoke
the
compulsory
acquisition
as
set
out
in
Section
5.2
of
this
Notice.
In
the
event
that
OSK
Property
fails
to
comply
with
the
public
shareholding
spread
requirements
under
Paragraph
8.02(1)
of
the
Listing
Requirements
pursuant
to
the
Offer,
the
Offeror
will
explore
various
options
or
proposals
to
rectify
the
shortfall
in
the
public
shareholding
spread
of
OSK
Prope


Let us all the minority shareholder united and not do anything until the merger exercise over,
If OSK shareholding cannot touch above 90%. The offer is not compulsory acceptance
We can benefit more later as the merger exercise had indicate the fair price is about RM 3.50
if the company remain listed.

I accumulate wa over last few months when it is down trend .Thanks Bones an Icon8888 blog articles this week and fire the price and let more potential investors aware of this undervalue counter.Hopethis share is one of black horse in 2014.

I purchase this counter over 5 mths at about 1.20 before free warrant and dividen. Based on the investment value I am still loosing money. Anyone know the status of its new launch Star Residence - success ?. Appreciate update .

Email lth3621@gmail.com thank you