Posted by pang72 > 2017-09-12 17:15 | Report Abuse

80sen? I can't understand....

Posted by notebook > 2017-09-12 17:15 | Report Abuse

hahaha gila punya take over with 0.8 and the market is 1.3

Posted by BigSaver > 2017-09-12 17:17 | Report Abuse

@notebook, possible market reaction will sell down?

Posted by Aries > 2017-09-12 17:19 | Report Abuse

Day light robbery by Willow.

Posted by RocketRider > 2017-09-12 17:20 | Report Abuse

Any opinion to this?

Posted by free2invest > 2017-09-12 17:28 | Report Abuse

Not make sense!

Posted by free2invest > 2017-09-12 17:28 | Report Abuse

Will trigger sell off? Better wait and see.

Posted by 7skies > 2017-09-12 18:32 | Report Abuse

main board counter sumore! if ace mkt understood larr..

Posted by RocketRider > 2017-09-12 18:36 | Report Abuse

Willowglen gets mandatory takeover offer from MD at 80 sen per share

By Sangeetha Amarthalingam | 2017-09-12 18:30:56
KUALA LUMPUR (Sept 12): Willowglen MSC Bhd has received an unconditional mandatory takeover offer from its managing director Wong Ah Chiew's private entity, New Advent Sdn Bhd, to buy the remaining 109.5 million shares or 45% stake in the company not owned by New Advent and the persons acting in concert (PACs) with it, for 80 sen per share or RM87.6 million in all.

The offer price represents a discount of 40.3% over RM1.34, which is the five-market-day volume weighted average price (VWAP) of Willowglen shares up to and including Sept 11.

It is also 43.26% less than RM1.41, which is the one-month VWAMP up to and including Sept 11, and 48.05% less than RM1.54, the three-month VWAMP up to the same date.

It is also 42.44% less than the stock's midday price of RM1.39 today, prior to its requested trading suspension to make way for the announcement, which gave it a market capitalisation of RM338.22 million.

In a filing with Bursa Malaysia, RHB said the mandatory takeover offer by New Advent, an investment holding company, was triggered after the latter inked a share sale agreement today with Willowglen to acquire 55.75 million shares or 22.92% stake in the company.

Post-acquisition, the collective stake held by New Advent and the PACs in Willowglen will increase from 32.08% to 55%.

The PACs, besides Ah Chiew, are: his wife Ling Kim Po and their sons, Willowglen executive director Simon Wong Chu Keong, Wong Chu Kee, and Willowglen shareholders Elegant Preference Sdn Bhd and Jian Qi Holdings Sdn Bhd. Elegant Preference and its wholly-owned Jian Qi are owned by Ah Chiew.

Ah Chiew has a direct 55.51% stake in New Advent, with the remainder stake spread out among his wife and two sons.

According to RHB Investment Bank Bhd, which is representing New Advent, the offeror intends to maintain the listing status of Willowglen, a computer-based control system developer and supplier, on the Main Market of Bursa Malaysia Securities Bhd.

The offer will be open for acceptances for 21 days from the posting date of the offer. Trading of Willowglen shares will resume tomorrow.

Posted by RocketRider > 2017-09-12 18:37 | Report Abuse

Crazy deal and so unfair to us

Posted by Aries > 2017-09-12 18:48 | Report Abuse

Well, just take it as a lesson and move on. If it still wants to remain listed in Bursa, just stay away from this company.

Posted by eagle100 > 2017-09-12 18:51 | Report Abuse

80 cents?!! That is last yr to early this yr price

Posted by WavesRider > 2017-09-12 18:55 | Report Abuse

watching tomorrow...

Posted by kl foong > 2017-09-12 18:56 | Report Abuse

Ridiculous offer.

Posted by papaya > 2017-09-12 19:05 | Report Abuse

Just dont accept....

Posted by 7skies > 2017-09-12 19:09 | Report Abuse

it says Offeror intends to maintain listing status.. then dont sell can or not?

Posted by papaya > 2017-09-12 19:13 | Report Abuse

If people selling down tomorrow....these thief directors will collect cheap happily....

Posted by Kabali > 2017-09-12 19:17 | Report Abuse

Mgo at 0.80c!!!!!

Posted by Jacky Loh > 2017-09-12 19:18 | Report Abuse

Everybody Don't accept

Posted by John Lu > 2017-09-12 19:19 | Report Abuse

Haha...this MD trying his luck.

Posted by lkoky > 2017-09-12 19:21 | Report Abuse

another related company with OSK Ong... same pattern with PJDev & OSK Prop.

Always MGO at way below market price.

Posted by hbsoo71 > 2017-09-12 19:22 | Report Abuse

Reject the offer. Worth to hold for long term ?

Posted by papaya > 2017-09-12 19:23 | Report Abuse

Tell this MD....mau cepat billionaire...get pak arab derma....kikikih

Posted by John Lu > 2017-09-12 19:26 | Report Abuse

Cold eye sifu inside mah...no worry

Posted by goodstk88 > 2017-09-12 19:30 | Report Abuse

based on past cases, eg Geshen , stock price should shoot up after offer period lapse,
http://www.theedgemarkets.com/article/ge-shen-gets-mandatory-takeover-offer-pelita-niagamas

Posted by kuanvin > 2017-09-12 19:43 | Report Abuse

Stop scolding ppl before u get to know why ppl do that... it is by law when u hit the shareholding , u need to submit a Mandatory General Offering... however, it is a willing buyer willing seller, so the major shareholder who no intention to take it private but just to increase their share holding will comply by giving a totally ridiculous price for MGO...

If they really wanna buyout then they will give a premium to market and will likely to take it off market once completed.

Posted by Aries > 2017-09-12 19:47 | Report Abuse

OK, then we just hold and see since the intrinsic value of Willow is well above 80 cent.

Posted by ginvin > 2017-09-12 19:50 | Report Abuse

look at KUB and GHLSYS

Posted by treasurehunter > 2017-09-12 20:03 | Report Abuse

Pls refer to pjdev and oskprop past case, we as minority share wont able to fight with the cunning Fox

Posted by treasurehunter > 2017-09-12 20:05 | Report Abuse

Near future will see willow below rm1
Oskprop when 2.8, fox mgo 1.8, second day open 1.9
Pjdev when 2.3,fox mgo 1.6 , opening 1.8

Posted by tecpower > 2017-09-12 20:45 | Report Abuse

Willowglen gets mandatory takeover offer from MD at 80 sen per share | http://www.klsescreener.com/v2/news/view/278653

Posted by nimama > 2017-09-12 20:52 | Report Abuse

Not a big deal, guys. Past event had prove that the mandatory offer doesn't affect much in share price unless the offer is higher then current share price.

As kuanvin mentioned, they have to comply with rules and regulations when they hold certain percentage of share.

Posted by michaelgoh > 2017-09-12 20:54 | Report Abuse

Tomorrow drop buy more

Posted by alex3388 > 2017-09-12 21:11 | Report Abuse

tomolo sure PK

Posted by treasurehunter > 2017-09-12 21:17 | Report Abuse

Pls refer to oskprop and pjdev, not easy to fight with the fox

Posted by hinata > 2017-09-12 21:18 | Report Abuse

Tomorrow sure gap down.. don't know can sell in time not...

Posted by 7skies > 2017-09-12 21:23 | Report Abuse

if u look at KUB mgo..oni slight drop. tis willow strong fundamental wohh..

Posted by greatinvestor > 2017-09-12 21:28 | Report Abuse

Why so worried, big sharesholder just adding more shares holdings,business operating like usual,project in hand still progressing well.

Posted by Jacky Loh > 2017-09-12 21:36 | Report Abuse

We hold until the last day!

Posted by Money168 > 2017-09-12 21:57 | Report Abuse

anyone know PJD？ similar case. lol

Posted by K.v. Lim > 2017-09-12 21:57 | Report Abuse

Why you so worry? Tomorrow high probability price will be press down. But after the offer lapses price will fly up again. Just hold till then. And if price really press till RM0.80 i will add more. Willow is fundamental stock and definitely worth more than just RM0.80. Look at Geshen for example

Posted by hinata > 2017-09-12 22:04 | Report Abuse

director only value the company at 0.80 cents....if u all don't sell. I will sell first...

Posted by goodstk88 > 2017-09-12 22:05 | Report Abuse

no worries, its mandatory takeover offer by majority shareholder, required by law, but minority holders can reject the offer, not mandatory to accept, as the ctr will not be delisted unlike pjdev n oskprop

Posted by goodstk88 > 2017-09-12 22:08 | Report Abuse

i will wait for u to sell

Posted by 7skies > 2017-09-12 22:13 | Report Abuse

will add more if drop :)

Posted by cooling > 2017-09-12 22:34 | Report Abuse

u all slow slow add ok....haha...keep consoling yourself...it helps....

Posted by 888newbie > 2017-09-12 22:36 | Report Abuse

am going to just sit tight

Posted by Jeffreyteck > 2017-09-12 22:54 | Report Abuse

Obviously they have no interest to buy from minority by offering such low price. Anyway, good luck.

Posted by greatinvestor > 2017-09-12 22:56 | Report Abuse

Offerer intends to maintain listing status, not same scenario as Pjd and oskprop. No worry!

Posted by bowman > 2017-09-12 23:14 | Report Abuse

relax, wait till tomorrow. dont lose sleep. things like this happen all the time. question to ask is if the share is worth the so called 80sen or its fundamentals will remain intact after this? If it remains, the price will again move north. this is not any company but one ranked to be asia's best run Forbes 500 list of companies. so go figure