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.
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")
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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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....
Totally
115 posts
Posted by Totally > 2023-06-14 11:42 | Report Abuse
Great . Thanks for the info