it will be like comcorp... still in bursa bcoz of they don’t get enough shares. Bursa Malaysia will also delist the target in respect of the shares which have been the subject of a compulsory purchase resulting in the bidder emerging as the sole shareholder of the target company. However, in cases where the bidder has not managed to obtain acceptances amounting to 90% of the issued shares of the target held by others prior to the commencement of the takeover offer but has succeeded in making its offer unconditional, it will be necessary for the target to request delisting from the stock exchange, i.e., Bursa Malaysia.
UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM UOB KAY HIAN SECURITIES (M) SDN BHD ON BEHALF OF SPECIAL FLAGSHIP HOLDINGS SDN BHD ("SFHSB" OR THE "OFFEROR")
=============== Proposed Change of Company Name MINDA GLOBAL BERHAD
Proposed company name CYBERJAYA EDUCATION GROUP BERHAD
Remarks : The Board of Directors of the Company wishes to announce that subsequent to the Company's announcements dated 4 October 2022 in relation to the Proposed Change of Name, the Company had on 4 July 2023 received the Notice of Registration of New Name pursuant to Section 28 of the Companies Act 2016 issued by the Companies Commission of Malaysia.
Accordingly, the name of the Company had been changed from " MINDA GLOBAL BERHAD" to "CYBERJAYA EDUCATION GROUP BERHAD" with effect from 4 July 2023.
This announcement is dated 4 July 2023.
============== Take note of TAKE-OVER OFFER and Change Of Company Name (but not effective yet ?)
From Asiamet to Minda.. Minda to Cyberjaya Education group. Enlightened me please as I am a holder too of this stock, I've received letter demanding that I sell the stocks because of the Takeover offer. Should I sell?
After reading in great detail over the conditional take over offer, wow this absolutely baffles me. How does a company of this stature worth 0.07cts only? No way, I am not selling.
I urge other major shareholders not to sell into the conditional take over offer. It's a trap! Many of us bought into this share at 0.14+ just to let it go to the offeror at 0.07cts???!!
Directors and other BOD, go leap and bounds past the offeror price. Force them to pay premium. Don't let them take you out on a free ride which has no real benefits to all of us
SUBDIVISION / CONSOLIDATION OF SHARES (CHAPTER 13 OF LISTING REQUIREMENTS) CYBERJAYA EDUCATION GROUP BERHAD (FORMERLY KNOWN AS MINDA GLOBAL BERHAD) ("CYBER" OR THE "COMPANY") PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN CYBER ("CYBER SHARE(S)" OR "SHARE(S)") INTO 1 CYBER SHARE ("CONSOLIDATED SHARE(S)") ("PROPOSED SHARE CONSOLIDATION")
CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN CYBERJAYA EDUCATION GROUP BERHAD (FORMERLY KNOWN AS MINDA GLOBAL BERHAD) ("CYBER" OR THE "COMPANY") ("CYBER SHARE(S)") INTO 1 CYBER SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION")
Ex-Date 11 Mar 2024 Entitlement date 12 Mar 2024
================ Take note of share consolidation ex-date Your shareholdings will be reduced by 10 times
Current NOSH = 1,679,048,647 will be reduced to 167,904,864 (very lean !!!)
After share consolidation, directors will likely start to raise more fund via share issuance to PP, ESOS, RI or asset acquisition
With new NOSH = 167,904,864, it might be easier for operators and cindy kate to play up the prices
Kindly take note of the following Share Consolidation exercise by CYBERJAYA EDUCATION GROUP BERHAD (“CYBERE”) (stock code: 5166):- CONSOLIDATION OF EVERY 10 ORDINARY SHARES IN CYBERJAYA EDUCATION GROUP BERHAD (FORMERLY KNOWN AS MINDA GLOBAL BERHAD) ("CYBERE”) ("CYBERE SHARE(S)") INTO 1 CYBERE SHARE ("CONSOLIDATED SHARE(S)") ("SHARE CONSOLIDATION") In relation to the Share Consolidation undertaken by CYBERE as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that: (a) on or after the Ex-date on 11 Mar 2024, trading of CYBERE shares will be based on the newly adjusted share after the Share Consolidation of CYBERE shares, (b) on the basis of settlement taking place after 12 Mar 2024 with consolidated CYBERE shares, any entitled shareholder who owns CYBERE shares as at Ex-date may sell only up to the maximum CYBERE shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 11 Mar 2024 With the adjustments pursuant to the Share Consolidation effected on CYBERE shareholders’ CDS account at the end of the Entitlement Date, an entitled CYBERE shareholder may use the following basis to estimate the maximum number of CYBERE shares that he may sell from the Ex-date until the Entitlement Date which is from 11 Mar 2024 until 12 Mar 2024.
Number of CYBERE shares that may be sold from 11 Mar 2024 until 12 Mar 2024 = Number of shares held / 10 (All fractional shares computed should be disregarded) Illustration: For example, if Mr X owns or purchases 1000 CYBERE shares on cum basis on 08 Mar 2024, his CDS account would still show 1000 CYBERE shares until 12 Mar 2024. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 CYBERE shares in his CDS account will be adjusted to 100 CYBERE shares on the night of 12 Mar 2024 which is the Entitlement Date. Therefore, Mr X may, if he so wishes, sells only up to 100 CYBERE shares on or after the Ex-date i.e. from 11 Mar 2024 onwards.. The date of the listing of and quotation for the Consolidated Shares on the Main Market of Bursa Malaysia Securities Berhad shall be on 13 March 2024, being the next market date immediately after the Entitlement Date. Participating Organisation hereby caution all dealers and remisiers that, during the period from 11 Mar 2024 until 12 Mar 2024, they are only entitled to sell the maximum of 1/10 of the shares owned before the Ex-date
Shares consolidation resulted in NOSH reduced to 167 million shares. Very lean for directors to do more magic raising fund via shares issuance to PP ESOS or RI. Directors might decide on RI to dig your pocket for more money.
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Totally
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Posted by Totally > 2023-06-14 09:43 | Report Abuse
if not subscribe possible share be suspended ?