Annoucement made 89.85% as of 5pm 3 July.

once reach 90% is compulsory acquisition

91%

Yes, since sell it also 2.33, When they get 90% also 2.33, what for sell it and we need to pay brokerage fees? Make them stress abit.

The announcement sound like threaten us who do not sell to them at 2.33. Specifically mentioned this is the final extension, if you do not sell it. You will regret to hold an unlisted entity.
But, for those who sell it or accept the offer, please reconsider the value in the company. 4 sen dividend should not deduct from the offer price. This is nonsense to declare dividend and offset it with offer price.

Directors interest acceptance of offer up to 2,257,614 shares.

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432
23/5 Total transacted shares 1,043,792 they manage to get 800,092
24/5 Total transacted shares 312,988 they manage to get 95,788
27/5 Total transacted shares 2,628,178 they manage to get 2,377,978
28/5 Total transacted shares 722,808 they manage to get 722,508
29/5 Total transacted shares 1,067,719 they manage to get 557,519
30/5 Total transacted shares 298,223 they manage to get 295,923
31/5 Total transacted shares 422,185 they manage to get 421,885

22 trading days - Total transacted shares 14,272,964 they manage to get 10,126,164 (~5.3%)

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432
23/5 Total transacted shares 1,043,792 they manage to get 800,092
24/5 Total transacted shares 312,988 they manage to get 95,788
27/5 Total transacted shares 2,628,178 they manage to get 2,377,978
28/5 Total transacted shares 722,808 they manage to get 722,508
29/5 Total transacted shares 1,067,719 they manage to get 557,519
30/5 Total transacted shares 298,223 they manage to get 295,923

21 trading days - Total transacted shares 13,850,779 they manage to get 9,704,279 (~5.0%)

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432
23/5 Total transacted shares 1,043,792 they manage to get 800,092
24/5 Total transacted shares 312,988 they manage to get 95,788
27/5 Total transacted shares 2,628,178 they manage to get 2,377,978
28/5 Total transacted shares 722,808 they manage to get 722,508
29/5 Total transacted shares 1,067,719 they manage to get 557,519

20 trading days - Total transacted shares 13,552,556 they manage to get 9,408,356 (~4.9%)

Which due date you are referring?

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432
23/5 Total transacted shares 1,043,792 they manage to get 800,092
24/5 Total transacted shares 312,988 they manage to get 95,788
27/5 Total transacted shares 2,628,178 they manage to get 2,377,978
28/5 Total transacted shares 722,808 they manage to get 722,508

19 trading days - Total transacted shares 12,484,837 they manage to get 8,850,837 (~4.6%)

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432
23/5 Total transacted shares 1,043,792 they manage to get 800,092
24/5 Total transacted shares 312,988 they manage to get 95,788
27/5 Total transacted shares 2,628,178 they manage to get 2,377,978

18 trading days - Total transacted shares 11,762,029 they manage to get 8,128,329 (~4.3%)

My view is if they only get this 5% until the closing date, what can they do with this 5% ? Bear in mind the partner behind is Dymon, I don't think they will be satisfied with only 5%. Most probably they will raise the price to make the takeover successful or get at least 30% controlling stake from YeeLee.

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432
23/5 Total transacted shares 1,043,792 they manage to get 800,092
24/5 Total transacted shares 312,988 they manage to get 95,788

17 trading days - Total transacted shares 9,133,851 they manage to get 5,750,351 (~3%)

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432
23/5 Total transacted shares 1,043,792 they manage to get 800,092

16 trading days - Total transacted shares 8,820,863 they manage to get 5,654,563 (~3%)

If u don't sign acceptance form, they cannot buy from you lo. Wait until AGM they will face some pressure to raise the price.

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000
21/5 Total transacted shares 503,232 they manage to get 2,432

15 trading days - Total transacted shares 7,777,071 they manage to get 4,854,471 (~2.5%)

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500
17/5 Total transacted shares 46,000 they manage to get 16,000

14 trading days - Total transacted shares 7,273,839 they manage to get 4,852,039 (~2.5%)

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200
16/5 Total transacted shares 18,800 they manage to get 6,500

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500
15/5 Total transacted shares 140,600 they manage to get 120,200

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600
14/5 Total transacted shares 132,400 they manage to get 1,500

Looks like they have stopped buying from the market. Likely they know they cannot get 75% with this price.

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864
13/5 Total transacted shares 78,600 they manage to get 74,600

Yes, I better wait at below 60sen.

I don't think they can get anything from ECRL. Judging from the past performance.

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000
10/5 Total transacted shares 41,864 they manage to get 41,864

https://klse.i3investor.com/blogs/savemalaysia/205962.jsp

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284
9/5 Total transacted shares 75,000 they manage to get 75,000

Past 8 trading days, they manage to get 4,591,375 or 2.4%.

Haha, I presume you are not buy at 66sen but is at 90sen. From contra kaki to hold long long kaki.

The issue price of the Placement Shares shall be determined and fixed by the Board at a later date (“Price Fixing Date”), after the receipt of Bursa Securities’ approval for the Proposed Private Placement.

The Placement Shares will be priced at not more than 10% discount to the 5-day volume weighted average market price (“5D-VWAP”) of Gadang Shares immediately before the Price Fixing Date.

For illustrative purposes, the 5D-VWAP of Gadang Shares up to and including the LPD is RM0.8241 per Gadang Share. Hence, for the purpose of this announcement, the indicative issue price of the Placement Shares is assumed as RM0.75 per Gadang Share, representing a discount of approximately RM0.0741 or 8.99% to the 5D-VWAP of Gadang Shares up to and including the LPD.

Based on the above, they will purposely push down the price so that the price get lower, I don't think they will push up the price within this period of time. Besides, post PP will drop even further, just refer to JAKS.

PP only benefit to the new investors, with the PP price of 75sen, let's wait at 70sen to make the PP fail.

29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,271
30/4 Total transacted shares 965,500 but they only manage to get 860,000
2/5 Total transacted shares 772,092 but they only manage to get 320,292
3/5 Total transacted shares 229,200 but they manage to get 223,100
6/5 Total transacted shares 965,564 but they manage to get 617,064
7/5 Total transacted shares 329,064 but they manage to get 12,364
8/5 Total transacted shares 80,284 they manage to get 80,284

7/5 Total transacted shares 329,064 but they manage to get 12,300. The rest 316,764?

Lafarge had received the letter of resume supply for ECRL but Gadang still no news. do you think still got chance to win the tender?

Investment in DWL will not withdraw. If cannot obtain the mega projects, Gadang will go back to 50~60sen range.

6/5 Total transacted shares 965,564 but they manage to get 617,000. The rest 348,564?

https://www.msn.com/en-my/news/national/genting-boss-is-malaysias-highest-paid-ceo-in-2018-sapura-energys-shahril-shamsuddin-is-next-with-rm72mil/ar-AAAXAtz?ocid=spartanntp

@StockStalker, "They" refer to Yeelee and they have to announce the number of shares purchased at daily basis to Bursa. http://www.bursamalaysia.com/market/listed-companies/company-announcements#/?company=5584

3/5 Total transacted shares 229,200 but they manage to get 223,100. Almost 97%

https://klse.i3investor.com/blogs/AmInvestResearch/205133.jsp

Also, Lim Peng Jin (Top 20th Shareholders) is the managing director for Scientex.

@StockStalker, which mean someone other than the offeror is buying also. They might be someone who feel that the offer price is too low and previously they also own significant amount of shares. Based on the latest annual report top 30 shareholding analysis, got some name are quite strange to me (Eternal Value Sdn Bhd owned 847k, Eletechnics owned 500k, Tan Eng Guan who was the former F&N CFO owned 412.5k). I believe they are long term investors and feel that the management is given lousy offer price at 2.33. Hence, they also buying to vote NO for the takeover price.

2/5 Total transacted shares 772,092 but they only manage to get 320,200. The rest 451,892 who taken ?

Likely will close at 70 sen this week or early next week. Buy at 60sen.

buy only below 70sen, 80sen is coming since last week i have said.

30/4 Total transacted shares 965,500 but they only manage to get 860,000. The rest 100,500 who taken ?

Transaction at http://www.bursamalaysia.com/market/securities/equities/market-statistics/

Likely today will close below 82sen.

No need so worry yet, retail shareholders are buying to get higher return. 29/4 Total transacted shares 3,398,871 but they only manage to get 2,403,200. Havings say that, 995,671 not belongs to them.

Refers to the top thirty shareholding, they are still struggling to get the minimum of 75%.
1) EPF holds 3.56%, Public Mutual holds 7.13%
2) Total shares size less than 100k about 15%, or 2,463 shareholders.
If they would want to proceed, they might need to raise the takeover price. Yesterday, the buy and sell were from them. To create the impression for the holders which people are selling their stakes. Please do not sell if you think they will revise the takeover price.

If they have more than 90%, is consider compulsory takeover from you. No need to sell your shares, they will buy back at 2.33-
If they have less than 75% until the closing date, they will revise the rate if possible.

Comments from PublicInvestment - Yee Lee Organisation, along with Dato’ Lim A Heng, Datin Chua Shok Tim, Lim Ee Young and Langit Makmur Sdn Bhd had recently announced their intentions to undertake an unconditional voluntary take-over offer to acquire the remaining 79.6m shares (41.6% of total issued shares) they do not own in Yee Lee Corporation Bhd (Yee Lee) for RM2.33 per offer share. It is interesting to note the involvement of Langit Makmur, a private equity fund linked company incorporated for the purpose of this exercise, one which is undertaking to satisfy the entire RM185m consideration of the Offer in cash. The takeover offer price represents a 20% upside from the current price and is slightly above our 12-month target price of RM2.28 based on our FY19 sum-of parts valuation. Whether the offer is fair and/or reasonable will be for the shareholders to decide ultimately (current book value of company as at 31 December 2018 is RM3.29 per share). It does however give shareholders the opportunity to cash out of a stock which has only traded above the offer price for a 6-month period in 2017 since listing.

- Langit Makmur Sdn Bhd was just recently incorporated on 15 April, 2019 as a special purpose vehicle for this exercise. Ultimate shareholders are Dymon Asia Capital Ltd, a Singapore-based fund manager licensed by the Monetary Authority of Singapore which manages alternative investment funds. Private equity funds the company manages invest in companies across South East Asia, concentrating on small and medium enterprises. Investment strategy is focused on companies with long-term transformational objectives, and typically has long term holding periods in its investments.

- Adjusted offer price on dividend entitlement. On 27 February 2019, Yee Lee proposed a dividend of 4 sen per share subjected to shareholders’ approval at the forthcoming AGM. Accepting shareholders whose names appear in the Record of Depositors of Yee Lee will receive an adjusted offer price of RM2.29 instead.

- Joint offerors do not intend to maintain the listing status of Yee Lee. In relation to the acquisition, the Joint Offerors intend to withdraw Yee Lee’s listing status if Bursa’s minimum requirement of 25% public shareholding spread is not met. In the scenario where they hold more than 75% or less than 90% of the listing shares, they will request to withdraw its listing application. If they own more than 90%, the joint offerors will delist the stock. The joint offers currently hold in aggregate 58.4% of the voting shares in Yee Lee.