" It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." - wisdom of Warren Buffet.
thank you elder brothers !
hope that bully old fox(s) get a lesson he will remember
Happy to see today's upward trend but not sure if this is sustainable.. small shareholders have to understand their power n entitlement, don't panic sale then only can sustain. My view only.
hinata Everyone here to see how many elder son there are in willow to buy from the director....then the company become hollow...kekeke 14/09/2017 22:24
The Rules on Takeovers, Mergers and Compulsory Acquisitions 2016 Is effective from August 2016 and since then few companies have abused it
It is mandatory for the person who triggered the shareholding threshold of 50% after buying a big stake, compulsory for them to offer to buy share at the same price that they bought the stake at, which in this case the two boss bought 22.92% from a group of 6 people
A perfect way to push down share price abusing the new 2016 act
IT IS NOT COMPULSORY FOR SHAREHOLDERS TO ACCEPT THE OFFER!!! IT IS UNCONDITIONAL!
IF NO ONE ACCEPT THE OFFER. It will stay as it is. Nothing changes.
abduljabbar85 Suprisingly enough, the New Advent sdn bhd held by the two bosses own 32.08% just shy 1% from 33% first threshold and and the 6 shareholders who sold them the 80sen per share, the highest holder just nice ngam2 hold 4.92%, to avoid triggering the 5% threshold to become substantial shareholder thus avoiding unneccessary news and attention
I suspect the money used by the 6 shareholders were the two bosses money all along....
MSWG and regulators should play an effective role to protect minority interest in order to remain relevant. If shut down MSWG today, I don't think there is any major impact unless they could communicate effectively on what they have done for minority so far.
The Board of Directors of Willowglen MSC Berhad (“the Company”) is pleased to announce that on 22 September 2017, the Company’s wholly-owned subsidiary, Willowglen Services Pte Ltd has been awarded a contract valued equivalent to approximately RM7,266,000 by SK E&C (Singapore Branch) for the Design, Construction and Completion of North-South Transmission Cable Tunnel – Contract NS2.
The commencement date of the contract is on 22 September 2017 and will be completed by 3 June 2018. The contract is expected to contribute positively to the Group’s earnings and net assets per share for the financial years ending 31 December 2017 to 2018.
The contract is not renewable and the risk in respect of the contract is the normal business risks.
None of the directors and / or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the new contract awarded.
This announcement is reflect on the last month announcement on 12th september. Now this is the time.... see whether the shareholder or the director are winners...
For your information, It is not COMPULSORY for the shareholder to accept the offer!! It is UNCONDITIONAL!
Be smart, Be like director.. collect at "cheap" price...
We refer to the announcement dated 12 September 2017 in relation to the unconditional mandatory take-over offer from RHB Investment Bank Berhad on behalf of New Advent.
The Board of Directors of Willowglen wish to announce that it has, on 3 October 2017 received a press release from RHB Investment Bank Berhad, informing that, on behalf of the Offeror, RHB Investment Bank Berhad had on 2 October 2017 submitted an application to the Securities Commission Malaysia (“SC”) for an extension of time to dispatch the offer document in relation to the Offer. The SC had vide its letter dated 3 October 2017 approved the extension of time to dispatch the offer document up to 10 October 2017 or until such time that the SC has notified that it has no further comments on the offer document.
A copy of the press release dated 3 October 2017 relating to the above is attached herewith.
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goreng_kaki
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Posted by goreng_kaki > 2017-09-14 22:07 | Report Abuse
COLD EYE PUN LARI OH~~~
GOD BLESS YOU