Posted by suhayryz > 2011-09-27 00:17 | Report Abuse

hahaha.. i agree. the price is drop, but the volume is still there. u can reconfirm with accummulation/distribution and volume MA

Posted by mancon > 2011-09-27 11:37 | Report Abuse

Simple logic, if the share is good, why would it drop ? If I want to take over, I would only need the controlling stake 51%, whats traded in the market is only PLAY... nothing more. Theres not going to be mandatory general offer

Posted by Tan Chin Kok > 2011-09-27 21:51 | Report Abuse

Hehe, the person who wanna takeover ENG is Mr. Teh (CEO, major shareholder & FOUNDER of ENG). Here are the reasons as he mentioned:
(1) Continued undervaluation from market since listing.
(2) Privatisation will enable ENG to be more competitive as it grows larger.
(3) No longer be bound to the funding requirements of a listed company such as dividends and other commitments.

Those are the reasons why Teh & his wife setup new company called
TYK Capital to takeover ENG. There must always be A-Z reasons why a CEO/Founder/Major Shareholder wants to privatise his/her own hard builded and went public listed company~~~ :)

Wish me luck~ Yes, simply luck~