i received 3 sen single tier dividend for 2 yrs Bought 0.32 yield 9.375%. After that no dividend, after that sell out, no more dividend for 2 yrs straight
The Board of Directors of Ogawa World Berhad ("OWB") ("Board") wishes to announce that OWB has on 9 September 2013 received a notice of voluntary conditional take-over offer ("Notice") from AmInvestment Bank Berhad on behalf of the Offeror to acquire the following: (a) all the ordinary shares of RM0.50 each in OWB (excluding treasury shares) (“OWB Share(s)”) not already held by the Offeror; and (b) all the new OWB Shares that may be issued prior to the closing of the offer arising from the exercise of outstanding options granted pursuant to OWB’s executives’ share option scheme (“ESOS”) (“ESOS Options”), for a cash consideration of RM1.05 per OWB Share ("Offer").
In accordance with the Malaysian Code on Take-Overs and Mergers 2010, the Board (save for Wong Lee Keong, Lim Poh Khian, Lim Mee Ling, Cheah Yew Kong, Chong Swee Main and Lim Wai Heng) will deliberate on the Offer and consider whether to seek an alternative offer. The Board will make a further announcement in due course.
A copy of the Notice is attached herewith and will be posted to the holders of OWB Shares within seven (7) days of its receipt.
The firm has however obtained the commitment of Ogawa major shareholder Great Genesis Sdn Bhd and several individual stakeholders who hold a collective 53.9% in Ogawa to accept the offer.
mean already over 50% condition, so...when SC approved, mean become unconditional already.......
I doubted that on RM1.20, according Tricor, Xiamen Comfort had more than 80% share on hand already. Unless the major shareholder overrode the agreement signed before. else mostly unconditional market offer highest will be RM1.05. Personally thought fair value shall be RM1.70
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Posted by kllady_fidah > 2012-02-29 17:45 | Report Abuse
tp 90 sen