Calvin, when the final delisting date come, yes, the will sell to settle the call warrant cash settlement. Now is too early to sell the mother. What if KLK revised the GO price, if they sell now, they are totally naked.
Dun be conned. Tecguan Q3 revenue only RM27m while its inventory was RM121m. It was purposely held back for better price in Q4. All cheap stock was sold in Q4 thus it recorded RM325m in Revenue while stock dropped to RM47m. Next qtr profit will drop.
Projections based on year-over-year averages indicate that ATMs and bank branches will disappear from the U.K. in just a little more than 20 years, according to Expert Market, a B2B comparison site for card payment systems.
In a press release, Expert Market cited statistics from the House of Commons showing that ATMs are likely to decline at a rate of 3,600 a year, and will disappear by 2037.
Expert Market additionally cited statistics showing that U.K. consumers made 14.3 billion card payments in 2016, a number projected to grow to 21.9 billion by 2026, as cash payments decline 43 percent.
Please read para 16.06 of [MAIN LR] CHAPTER 16 - SUSPENSION, DE-LISTING AND ENFORCEMENT , which state: provided that such shareholders or unit holders and holders of any other class of listed securities who object to the withdrawal is not more than 10% of the value of the shareholders, then can request for delisting. Any way: (c) the shareholders or unit holders and holders of any other class of listed securities, if applicable, are offered a reasonable cash alternative or other reasonable alternative (“exit offer”);