many of u dont understand tis buy out new advert holding exceed 33.3% ownership therefore they r require by bursa rules to make a mgo for the rest of the shares they did not own. they cannot buy a single shares during tis period. if they do, the offer price will be revised to the highest price paid. they have stated they intend to maintain the listing status of willlow. however, if idiots accept their offer price 0.80 & their ownership exceed 90% than a compulsory acquisition for the rest & willow will be delisted so when u receive the offer docs just throw it into the dustbins
Fully agree just throw away their offer forms . If we go back a few months ago it was published they have been awarded many contracts for the next few years . Profit making counter
small investors can be patient , important thing is , we now have a clearer perspective of our rights to hold or sell to the market, and will not be bullied .
SC must be aware that minorities and small investors especially, suffer great loss whenever such reckless takeover proposals are thrown upon them without prior warning and there always seem to be a selldown towards the proposed price.
Small investors, often choose to sell in loss , in fear of further drop in the share price or being caught by the counter being taken private, once the proposer garner 90% of the shares.
what is the recourse for minorites who suffer financial loss, when the proposal that cause such loss is found to be NOT FAIR and NOT UNREASONABLE , in the first place ??
SC must take immediate action and plug the loopholes in the current TAKEOVER & MERGER RULES urgently, to stem further loss of investors confidence in a fair and equitable BURSA .
Directors who are found to submit proposals that are NOT FAIR and NOT REASONABLE to minorities of the company, must not escape censure and must be brought to account for their actions
as an interim measure, may we humbly suggest to SC that , Directors/new owners that propose takeover of the company with price, below market price should :
1) have the company be suspended temporary,
pending the appointment of an independent advisor to submit their recommendation on the fairness and reasonableness of the takeover price
2) the suspension be lifted , once this recommendation is made known to the shareholders.
pospects88 what is the recourse for minorites who suffer financial loss, when the proposal that cause such loss is found to be NOT FAIR and NOT REASONABLE , in the first place ?? 17/10/2017 20:04
just curious, is it because of the DCF estimated fair value of 92 sen to rm 1.01 ?
" Based on the DCF valuation method, Mercury Securities has derived a range of estimated fair value for the entire equity interest in Willowglen of RM223.36 million to RM245.54 million, which translates to an estimated fair value per Willowglen Share of RM0.92 to RM1.01."
not likely the 2nd largest shareholder, with 16.17 % and an investment fund that trade shares on BURSA, for income, will be idle when they need to book the closing price for their investment.
not likely the 2nd largest shareholder, with 16.17 % , an investment fund that trade shares on BURSA for income, will be idle when they need to book the closing price for their investment.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Prospects88
28 posts
Posted by Prospects88 > 2017-10-05 09:16 | Report Abuse
New Advents 55% plus OSKVI 16% totals 71% in hand.
total vol. done since 12th Sep, 15.3706 m , (6.19%)
total past 5 days vol. 1.9521 m (0.78%).
how many more shares does New Advent think they can collect from frightful minorities ?
better to move on next phase