sorry, want to ask opinion from anyone here. I already bought TAGB shares, wanting to buy in TA share too to keep for long term, but due to the issue of MOG, i m worried if it is successful, will my newly bought share forced to be sold to datuk at lower price than now? can anyone give me advice. should i enter now or just wait untul the period finish?but then the price sure increase. Sorry, i m just a new beginner of stock and wish to do long term investment. thank you everyone.
It is actually TA3 & TA4. The land is about 2.47 acres and worth about RM3,900psf or RM420mil in total value. If the land were to be sold, TA would make a profit on disposal amounting to RM344mil as TA's cost was about RM76mil.
MSWG our Malaysia "Watch Dog" organisation does voice out "shortcomings" , if any of any corporate. We may collectively email to them our concerns. Cheers
Datuk already purchase 1.153% (currently at 33.773%, up from 32.62%) from open market since announcement. Looks like in another 2-3 weeks can achieve 2% ceiling.
No of shares 100% : 1,711,909,630 units 2%: 34,238,192 units
Tiah recent purchased in open market after MGO announcement.
6July - 2,500,000 units 9July - 1,360,400 units 10July - 200,000 units 11July - 300,000 units 12July - 500,000 units 13July - 800,000 units 16July - 1,300,000 units 19July - 2,000,000 units 20July - 1,999,800 units 23July - 500,000 units 24July - 2,363,700 units 25July - 2,000,000 units 30July - 1,500,000 units 1Aug - 2,500,000 units 3Aug - 1,000,000 units
Total: 20,823,900 units purchased or 1.21% based on total number of shares.
Tew, who is an executive director of Pasdec, is proposing to pay 52.5 sen per share for the remaining 228.41 million shares, or a 57.05% stake, which has been deemed "not fair and not reasonable" by independent adviser Public Investment Bank Bhd (PIVB).
If you worry that TA share price will become lower if MGO failed, then u must take a look of Pasdec share price right now, it is trading above RM0.525 after independent adviser comment. Don't forget, disposal of HK offices will be reflected this coming quarter report. They are many good news on the way and everything comes to you at a right time. Stay patient, and trust your journey.
look at the AGM, typical china man misery, you wont get any premium offer from him, unfortunately the system allows him to wear out all the retailers patience....
Copying again, it based on my own calculation date.
T: Announcement of take over. T+21 (“D”): Last day to dispatch the offer document. D+10: Last day to circulate independent advice circular and company’s BOD comments on the takeover offer. D+21: Earliest day to close the offer (50% voting right achieved) D+46: Last day for posting revised offer (if any). Last day for closing of takeover offer if the acceptance condition is fulfilled. D+60: Takeover offer close if the acceptance condition (50%) is not fulfilled
T: 2July2018 D: 20Aug2018 (SC have granted the extention, it should be 23July2018 if follow T+21) D+10: 30Aug2018 D+21: 10Sep2018 D+46: 5Oct2018 D+60: 19Oct2018
Independent advice circular is going to release soon. Let wait for comments "not fair and not reasonable" together! Hold tight guys:)
The increase from 17,185,400 shares to 19,338,900 shares, which is more than 2%.
Singh1, after read the example above, you said Tiah only allow accumulate up to 2% within 6 months without having to revise the offer price seems to be not correct.
RULE 19: Dealings During Offer Period 19.02 Restriction on dealing by offeror during securities exchange offers Except with the consent of the SC, where the consideration for an offer includes securities of the offeror or a person acting in concert, the offeror and any person acting in concert shall not deal in any such securities during the offer period.
Since Datuk Tiah is buying from open market that mean he already obtained the consent of SC to buy from open market.
RULE 21: Restrictions Following Offers and Possible Offers 21.01 Delay before subsequent offer Unless otherwise approved by SC, the offeror and all persons acting in concert with the offeror shall not, within 12 months from the date of the announcement that a take-over offer has been withdrawn, has lapsed or failed- a. Announce a take-over or possible take-offer offer for the offeree; or b. acquired any voting shares or voting rights of the offeree if the offeror would thereby become obliged to make a mandatory offer; This mean if Datuk Tiah failed and just manage to increase his holding to about let say 36% then for 1 whole year he cannot purchase more than 2% from market in any rolling 6 months. He will be a sitting duck if any corporate raider will to buy up 33% from open market and make a GMO. If this happen Datuk Tiah is at risk of losing the control of TAE.
Dear plroo7, I am holding on TAE as I do not have any urgent use of the money. I will wait till the independent advisor valuation report is out. As I am very eager to learn the many different methods the adviser needed to employ to value the different business segment of TAE. Thank you
RULE 21: Restrictions Following Offers and Possible Offers 21.01 Delay before subsequent offer Unless otherwise approved by SC, the offeror and all persons acting in concert with the offeror shall not, within 12 months from the date of the announcement that a take-over offer has been withdrawn, has lapsed or failed- a. Announce a take-over or possible take-offer offer for the offeree; or b. acquired any voting shares or voting rights of the offeree if the offeror would thereby become obliged to make a mandatory offer; This mean if Datuk Tiah failed and just manage to increase his holding to about let say 36% then for 1 whole year he cannot purchase more than 2% from market in any rolling 6 months. He will be a sitting duck if any corporate raider will to buy up 33% from open market and make a GMO. If this happen Datuk Tiah is at risk of losing the control of TAE.
34.49% of TAE Issued shares. TTT is holding as at 15 Aug 18. This includes those Acting in Concert with him??. How much more TTT needs to acquire? ?? We must all Hold on to our TAE shares.
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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....
EngineeringProfit
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Posted by EngineeringProfit > 2018-07-27 07:26 | Report Abuse
Just received statement on dividend (fat one)
: )