If yee lee want to offer higher price there will offer long time ago. i doubt the Yee Lee will do it. Now market is so bad. so there will still offer the same price or lower down the road. maybe after 2 years.
I think right now....they want to consolidate their position loh...!!
If i were them, i will use nominees and friendly parties to accumulate Yeelee so that in 1 yr time when i can launch another round of privatization & i will have friendly support loh...!!
I suspect they will use the company to buy back in the form of selective capital repayment to privatise instead of General Offer loh...!! The selective capital repayment require 75% of shareholders (exclude interested parties} to support loh....!!
Since they are dealing with only 10% of the rest of the shareholders, they can afford to pay more to privatise loh....!!
So do not be tempted to sell, Yeelee will trade with lack lustre for next 1 year due to poor liquidity of the stock loh..!!
Is difficult to move against the major SH most of the time as they are unethical yet powerful, together with sleeping authorities who just leave all to the unfair and imbalance market. Threw it in last minute as there is always an alternative, unless you are patient. MAA and Daiman are good examples.
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....