Yes buy if u don't mind taking the risk of holding unlisted shares !!! And Yes, the Yeo family is using delisting ( automatic with no need EGM if >90% acceptance) to frighten small shareholders into accepting the share swap or selling their shares cheaply !!!
No I am also a Dissenting Shareholders like u with the aim to decide on what the best next course of action !!! All my remarks are facts from both the Offer Document & Independent Advice Circular plus Announcements in Bursa !!!
I hope everyone notice one funny behavior, the fuc king yeo is not grabbing those shares in sellers' queues, why ? obviously those in sellers queues are mainly his men. If we dare dare to sapu some they would need to remove the seller queue.
Yes can further extend but no later than 7 October 2019 ( See pg 33 of Offer Document dated 4 July for maximum duration) If >90% share swap acceptance by this date, no EGM, no alternative offer !!!
Don't accept share swap. Also Don't sell shares in Bursa as Yeoh family is using proxies to buy all shares at below 36 sen in order to achieve >90% acceptance. If >90% acceptance, NO EGM, automatic Delisting, no other reasonable alternative offer. If have extra fund for long term investment purposes, BUY now !!!
Semua kena conned saja. That is the result of family company, listed in bursa, just to sedut public fund for their own wealth, help them paying their debt.
No ! If you don’t swap then land will be delisted. So you will be a share holder for an unlisted company. You cannot sell but will enjoy dividends if they are given to you. Just wait and hope yeoh will relist this company which I think they will.
Reminder: To all Minority shareholders and ICULS Holders: Please don't accept share swap offer and don't sell cheaply in Bursa as if offeror (Yeoh family- now got around 84%) gets less than 90%, there will be a better reasonable cash or other reasonable alternative offer than the present lousy share swap offer and present low market share price of only 30 sen !!!
Also if less than 90% acceptance, there will be an EGM where Minority shareholders/ICULS holders can voiced our grievances face to face with the Yeoh Family directly instead of just vending our frustrations here !!!
just hold only, yeah don't accept share swap offer and don't sell, it’s property and land counter, it’s not product/manufacture sector. some more most the tok kong land in big city
Just hold on to your holdings. Don't worry about holding an unlisted YTLland shares, you are still well protected. YTLland is still a subsidiary of YTLCorp and the company must still follow all the Bursa and SC rules and regulations in their accounting treatment and transactions.
I believe in a few years time, YTLland will be relisted at the full valuation of the company. That is the main reason that the current takeover general offer takes place. Buy at a dirt cheap price and relist it at a price a few times higher than the cost. Don't fall into their trap.
You will be well rewarded if you hold on to your shares. Don't accept the offer and don't sell it to them in the market.
The family is already so rich but still want to take advantage of the minority shareholders. Betray the minority shareholders that put their trust in the family
Anyway, I am prepared to become a shareholder of unlisted YTLland. I have been holding for 6 years aldy. I don't mind to hold for another few years before it is relisted again.
RV1123, confirmed with both SC and Independent advisor, Affin Hwang IB that if Yeoh family converts their ICULS @66 sen, they need to revise also the share takeover price price from 36 sen to 66 sen. As such, they are highly unlikely to use this tactic to achieve the 90% acceptance !!!
Delisting is already a fact and what now very important is to ensure that Yeoh family don't get the crucial required 90% acceptance cheaply !!! As such, don't accept the share swap and don't sell in the market. Hold with all your means !!!
Please note also Delisting will be quite soon if Yeoh family gets the 90% acceptance by 7 October but if less than 90%, Delisting can only be effected much later after the required EGM whereby other reasonable alternative exit offers will be available then !!!
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....
Kris Wong
443 posts
Posted by Kris Wong > 2019-08-28 09:32 | Report Abuse
Yes buy if u don't mind taking the risk of holding unlisted shares !!! And Yes, the Yeo family is using delisting ( automatic with no need EGM if >90% acceptance) to frighten small shareholders into accepting the share swap or selling their shares cheaply !!!