Posted by alemri > 2013-01-31 15:23 | Report Abuse

heard there will be a VGO of RM5+

Posted by berid > 2013-01-31 15:59 | Report Abuse

what is VGO?

Posted by tonylim > 2013-01-31 16:01 | Report Abuse

Voluntary General Offer to buy back your shares by majority shareholders

Posted by berid > 2013-01-31 16:01 | Report Abuse

thank you tonylim..
what is the reason for them to buy back? any agenda or prospect in future?

Posted by tonylim > 2013-01-31 16:09 | Report Abuse

No idea. But there are many reasons for doing that.
There is a law and rules to follow on VGO and MGO

Posted by berid > 2013-01-31 16:15 | Report Abuse

thank you for explaination..
its a bit weird to me.. why not acquire in open market which is much lower than the price said(if it is true).. appreciation to loyal shareholders? just curious..

Posted by kltan > 2013-01-31 16:20 | Report Abuse

They are not able to get the quantity they want from the market without pushing up the price too much.

Posted by berid > 2013-01-31 16:22 | Report Abuse

ok2... tq.. lets wait for the news to release first..

Posted by berid > 2013-01-31 18:05 | Report Abuse

news from bloomberg, petronas to make buyout bid for MISC..

Posted by Kamaru BahariBakar > 2013-03-14 22:28 | Report Abuse

if VGO by Petronas (RM 5.30) fail, is that PETRONAS dare to buy MISC warrant to increase their equity up to 90 per cent. MR tony lim please respond.