There is very limited risk to this counter with a potential 20% upside from .235 to .28 privatisation by mid May...do you really think privatisation will not go through? Why all the hassle then to initiate this vgo?
The Board wishes to announce that TAG has received a letter dated 6 May 2020 from TA Securities, on behalf of the board of directors of TAE, that the board of directors of TAE has resolved to seek the SC’s prior written consent to withdraw the Offer after taking into consideration, amongst others, the adverse impact of the COVID-19 pandemic to the financial performance of TAG and its subsidiaries (“TAG Group”) during financial year ending 31 December 2020 following the temporary suspension of operations of several hotels of TAG Group in the months of March 2020 and April 2020 as announced by the Board on 13 April 2020. The Board of TAE is of the view that the ripple effects of COVID-19 are still unfolding and the full impact of this pandemic can only be determined until the situation stabilises.
As such, TAE had on 6 May 2020 submitted an application to the SC pursuant to Paragraph 9.11 of the Rules to seek the SC’s prior written consent in relation to the withdrawal of the Offer. Upon receipt of the SC’s prior written consent, the Offer shall cease and TAE will be released from any obligation arising from the Offer with immediate effect.
Minorities should write to SC to request as reason is not strong as TABG is already a sub so results are consolidated anyway and payment is mainly in shares. TT is just stingy and don’t want to increase price and doesn’t want to come up with cash....
Ta global make right choice invest in overseas. Hoteling rate in Malaysia really bad... Oversea got more tourists, currency rate better and many things much better than here. Will recover soon.
TAGB is the profitable company and the share price always not achieve the par value. A bit funny. The parent company want to withdraw it due to COVID 19. Ha ha ha.. SC .. come on.
you guys are funny lol, when Tiah want to buy you all dont want to sell. Since you all dont want sell then they dont buy now and now you guys crying. What you guys actually want lol?
This Tiah obviously dunno what is gambles rule. Lose already dont want pay.. Win d and fast fast ask money from dealer... Lose d.. Then aji ajo again... Haha
hitgirl47 i guess you partied more than you read. They are finance / stockbroking background over a long period. Go and ask any old timer and do a proper google search before you further embarrass yourself with your ignorance
Hitgirl47, TT never bragged about his wealth. He is good at making investments so his wealth comes from there. .He has supported orphanages and never talks about it.
MSWG said it's unfair for those who bought on announcement that TAE got approval from SC to buy on market during offer period. Now i cut loss already, if SC reject their application to withdraw offer, can i claim back my losses? It's unfair to any parties
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3141 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
happyinvestorGG
9 posts
Posted by happyinvestorGG > 2020-03-10 17:33 | Report Abuse
Ok thanks #veritas!