@emsvsi no point anymore if relisted as ports individually, because possibly will be relist at fair value, better hunt undervalue company saja, that is the way to make money
@Benhobenhobenho Sabah gov own 51%, fund sure no problem if they want to do it, so who know? 1 thing for sure it is just as undervalued as MMC when it is still at RM1.00 - RM1.20 level priror privatization announcement
Congratulations again to all MMC shareholders, huat lah! Personally I have decided to sell all of my holdings at RM1.96 earlier this morning as I have itchy hands and would prefer to hunt for other bargains in Bursa. However, for shareholders who are willing to wait for the SCR completion and payout of RM2.00, I sincerely believe that your discipline and patience will be rewarded! As we have learned from the day the SCR was announced and until this faithful day, we should always remain rational and not to be influenced by baseless rumours! Good luck to all!
Tan sri is a genuine businessman. He do walk the talk unlike others who only make empty promises to swindle investor's money by signing mou after mou n later no more news
This MMC deal is a win-win for both the Offeror and the minority shareholders many of whom been suffering due to very depressed price for long time. Now this SCR provide good opportunity to exit, probably with some gains as well.
@sethoylo of course TSSM should be getting a good deal out of this privatization. He is coming up with RM2,937,899,424.00 to buy up all of the minority shares leh! Since this is such a great deal, any other billionaire can come make offer also ma, but there is no one else who offered.
Anyway this is also a big win for us shareholders especially those who have entered earlier this last year at around RM0.80-1.10 before this SCR is announced ma. For those who bought after the SCR was announced, they should know that the upside is capped at RM2.00 and should be happy loh.
question, now that EGM has passed the motion.. out of curiosity, do the rules allow MMC (or any offeror) to buy from open market at prevailing market? or still cannot change of shareholding? thanm
Because he is taking this private, even if he buy from open market, those who have shares not sold to him will still get paid the amount approved. Because when you want to take private if you hold too many shares you will need to be delisted too. He wouldn't want to get into such trouble esp. when to him it is a good deal.
A question. Will there be any charges by way of brokerage, stamp duty etc. on the final offer payment to shareholders as this is not an open market transaction. I don't want to ask this question to my remissor.
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Posted by lofan73 > 2021-09-30 11:55 | Report Abuse
finally congrats to all .no fear to handle any calculated risk