Fajar Astoria in combined funds dated 22 Dec 2017.

Total shares acquired:54,652,100

I gathered they have confidence to get more than 80% is they keep accumulating from the open market.

Extended closing date for the final acceptance offer date is
12, January 2018.

"Pursuant to Paragraph 12.01(3)(c) of the Rules and in accordance with Section 2.4(b) Appendix I of the Offer Document, the Joint Offerors shall keep the Offer open for acceptances for at least another 14 days from the Unconditional Date, which in any event, shall not be later than the 74th day from the Posting Date. Accordingly, we wish to inform you that the closing date and time for the acceptances of the Offer shall be extended to 5.00 p.m. (Malaysian time), 12 January 2018 (“Final Extended Closing Date”)"
.

1.411 mil shares absorbed by JO today. Another approximate 9 days to go minus Saturday and Sunday and also public holiday..

If Jalan Semarak can get back the land, it's going to be added into revenue valued of 207 mil. Stay tune. They will get it back legally as the evident are siding Felda tremendously.

Another 6.8% for JO to take Hovid private.

WHAT SAY YOU ALL?

I'm not kidding when I said they will private at 75%


Asria just confirm if their reach 75% can take the company private
21/12/2017 16:58

CzarII, 那么传达的信息是什么？

I want to be as realistic as possible in this takeover action with Hovid.

simon2020, I had a very bad dream last 2 nights. It's quite evident that HSS will not revise the price and he came to my dream and ask me to sell to him.

Tricor informed that if Hovid reached 75%, will STRAIGHT AWAY DELIST.

multi530, to hold for what reason? Must give a concrete reason why to hold?

a. for HSS to buy higher price? (He already stated he won't buy at 38 centsn and more)

b. for HSS to engage a proxy to buy higher than 38 cents? (Will this ever happened???

Note: final acceptance is CLOSING ON on 12 January 2018 (“Extended Closing Date”).

My understanding is after privatization successful and you didn't sell your shares, you cannot sell anymore. You will become minority shareholders in Hovid until they start to relist again in Bursa. Got dividend or not, depend on Hovid performance.

simon2020,

2 fellow are asking, if privatization is successful, and if they didn't sell their shares, what will happen?

So far, from JO first attempt till now is successful already.

After achieving 75%, do they need to go for 90% acceptance to delist?

let's discuss it again.

1. JO have indicated not to offer any price higher than 38. OK. Got it. Retailers will not buy more than 38.

2. David statement is FINAL. I guess no point think that he won't get 75%, because another 6.8% he will get the shares. Very POSITIVE he will get 75%

.375 is eaten alot today

CzarII, 你觉得结局会怎样？

almost 2.5 x of .375 compared to yesterday queue

We wish to announce that Hovid has received a press notice dated 20 December 2017 from CIMB Investment Bank Berhad, on behalf of the Joint Offerors (“Press Notice”) informing that the Joint Offerors have received valid acceptances in respect of the Offer Shares resulting in the Joint Offerors holding in aggregate (together with such Shares that are already acquired, held or entitled to be acquired or held by the Joint Offerors) 68.20% of the total Shares as at 5.00 p.m. (Malaysian time), 20 December 2017. As such, the Final Acceptance Condition of the Offer has been fulfilled and the Offer has become unconditional as to acceptances on 20 December 2017 (“Unconditional Date”)

Pursuant to Paragraph 12.01(3)(c) of the Rules and in accordance with Section 2.4(b) Appendix I of the Offer Document, the Joint Offerors shall keep the Offer open for acceptances for at least another 14 days from the Unconditional Date, which in any event, shall not be later than the 74th day from the Posting Date. Accordingly, the closing date and time for the acceptances of the Offer shall be extended to 5.00 p.m. (Malaysian time) on 12 January 2018 (“Extended Closing Date”).

Save for the above, all other details, terms and conditions of the Offer as set out in the Offer Document shall remain unchanged.

A notice of the Offer becoming unconditional will be despatched to Holders accordingly.

The level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on the Unconditional Date is set out in the attached Press Notice.

This announcement is dated 20 December 2017.

ima3, what do you mean? You mean the 38 cents offer until tomorrow only?

stockraider NOT TRUE LOH......!!

IT MEANS THAT THOSE WHO ACCEPTED EARLIER ARE NO ALLOWED TO PULLOUT ANYMORE BCOS IT IS NOW UNCONDITIONAL LOH....!!

NOW IS WHETHER THEY ARE ABLE TO FURTHERMORE INCREASE THE ACCEPTANCE LEVEL TO 75% TO PRIVATISE HOVID LOH...!!

THOSE ALREADY ACCEPTED AS PART OF 68%, RAIDER WISH U BYE BYE LOH...!1

THOSE YET TO ACCEPT, RAIDER URGE U TO STAY ON NOT TO ACCEPT AND PREVENT THEM FROM GETTING 75% LOH...!!

Dear stockraider,
If I didn't accept the offer, question is will the price of shares plunge down from 38 cents?

Dear Penguindad, if takeover become unconditional now, meaning I still can sell back to HSS at 38 cents still right? It stated before 29 Dec?

Ryan Chua, try read back up there

你说得对。我闭嘴。哈哈

Wuzy, ok. I already hold. I have withdrawn my acceptance before.

If our lots can build up huge, we can negotiate with HSS.

Can everyone put a price here and lots?

a better spectrum for Ifca is on the way

https://www.digitalnewsasia.com/startups/ifca-msc-launches-us24mil-prop-tech-accelerator

Thats for you to say. Easy say. If market collapsed, u still can be patient?

multi530 何树生答，若公司除牌，股东取回的投资金，仍然能购买其他股票，此外，若有朝一日何人可再度上市，股东也可再次投资何人可。

Can HSS words be trusted? He asked for delist. Now he hinted another possibility of giving better price? Weird and fishy....

stockraider IF THEY GET 67% ONLY , THAT MEANS THEY WILL CARRY THE REST OF THE 33% MINORITY INVESTOR IN THE LISTED HOVID, TO JOIN THEIR MONIES MAKING SCHEME PLAN LOH...!!

NO COMPLAIN LOH, WE MINORITY INVESTORS ALSO INVOLVE $$$$$$$ MAKING MAH...!!


Sorry, I don't quite understand your meaning. Can you explain again?

pundekman, u asked a good question.

Let me put it this way THEY ACHIEVED 67%

1. Since HOVID will not be delisted so soon, offer price based on Hovid offer is 38 cts.

2. Those who accepted his offer will be paid after 29 DEC 2017 ( 10 days)
-------ok----------

3. NEXT YEAR 2018.....GENERAL ELECTION. BARE IN MIND MARKET VOLATILITY AND MANY FUND HOUSE MENTIONED, TIGHTENING OF POLICIES BY BNM. ANOTHER MILESTONE FOR INVESTORS IS TOUGH.

Question : How will Hovid price condition be?

I see Very high possibility Hovid price will go down. Why? Benchmark set already at 38. Who will buy higher?

4. Market getting cautious. For long term holder, those who have bought 56 cts and above, you either average down, will you average up? This depend on the market at that point of time.

5. Many with not deep pocket will buy at cautious. Retailers will buy at 38 ??? More??? Depend on market reaction again. SO, this is very subjective.

Morning all. Yesterday was past. Let's move on today.

Can somebody update the news from yesterday and what is the next contingency plan?

ocncash, kalau saya tahu, I tak beli kaunter ni. Sampai esok pun tak akan jalan.

multi530, as long the company didn't delist, price 38 above positive?

multi530, roughly when will be the second round? Mind asking?

So how PeterNg, can you elaborate the details of the meeting today?

我可以讲中文的马来人

time to runnnn...

我没去。必须等待出席股东周年大会的人士回覆。

Wuzy, no, I didn't make it.

Daily8, give a chance lah...

how come these people can give this kind of fake information? So disgraceful

Yippy68, give Yingchai a break lah. We are here for profits after all.

Take care of each other lor

Wuzy?

Can somebody give the real infor???

free2rhyme0628 latest update: confirm delist already