Posted by stockraider > 2020-06-12 16:10 | Report Abuse

Just forget it & wait lah....!!

Posted by EtanWals > 2020-06-12 21:11 | Report Abuse

So what will happen if we reject and hold our shares? will this company suspend and delist after 23 June?

Posted by Hafid > 2020-06-13 12:20 | Report Abuse

THERE WILL OFFER AGAIN

Posted by Hafid > 2020-06-13 12:20 | Report Abuse

UNLESS REALLY THERE DELISTED AND MAY OFFER AGAIN. UNLESS IS THE COMPUSLORY DELISTING

Posted by stockraider > 2020-06-13 12:43 | Report Abuse

Compulsory delisting is confirmed, but compulsory acquisition they have not achieved loh...!!

I m sure they will eventually offer u a higher price unless they manage to compulsory acquire our share which 90% of the balance not owned by them when the takeover offer is make loh...!!

Posted by Hafid > Jun 13, 2020 12:20 PM | Report Abuse

UNLESS REALLY THERE DELISTED AND MAY OFFER AGAIN. UNLESS IS THE COMPUSLORY DELISTING

Posted by hw0706 > 2020-06-13 21:14 | Report Abuse

that's why there still ask to accept. this is what happen to one of singapore share i have until there offer me another price much higher.

Posted by hw0706 > 2020-06-13 21:25 | Report Abuse

how do you know there have enough to do compulsory acquisition in these case is at 2.06 which is low vs the offer option 1 2.33. but realistic at least at rm3.00

Posted by Sebastian Power > 2020-06-15 21:52 | Report Abuse

Now should buy more from open market and fight with that old LIM A HENG

Posted by riskabsorber > 2020-06-19 08:42 | Report Abuse

They need money for capex which indicates in the offer letter. Likely they will re-list in either Singapore in the near future. One of the fund know about it and did not sell even offer them 2.33 in the 1st privatization.

Posted by Hafid > 2020-06-24 11:26 | Report Abuse

In accordance with Paragraph 16.02(3) of the Listing Requirements, as the Joint Offerors hold more than 90% of the listed shares in Yee Lee in relation to the Offer and in view that the Joint Offerors do not intend to maintain the listing status of Yee Lee, Bursa Securities will suspend the trading of Yee Lee Shares upon the expiry of 5 market days from the close of the Offer. The suspension will be effected from 9.00 a.m. (Malaysian time) on Wednesday, 1 July 2020. Thereafter, the Joint Offerors will procure Yee Lee to take the requisite steps to withdraw its listing status from the Official List of Bursa Securities, in accordance with Paragraph 16.07 of the Listing Requirements.



In addition, Section 223(2) of the CMSA requires the Joint Offerors to give the Dissenting Holders a notice in the manner prescribed under the Rules of the rights exercisable by the Dissenting Holders under Section 223(1) of the CMSA ("Notice to Dissenting Holders"), within 1 month of the time the Joint Offerors receive Valid Acceptances resulting in the Joint Offerors and person(s) acting in concert with the Joint Offerors holding not less than nine-tenths (9/10) in the value of all the shares in Yee Lee on or before the Closing Date.



As the Joint Offerors have, in relation to the Offer, received Valid Acceptances in respect of the Offer Shares resulting in the Joint Offerors and person(s) acting in concert with the Joint Offerors to collectively hold not less than nine-tenths (9/10) in the value of all the Yee Lee Shares, the Joint Offerors will issue the Notice to Dissenting Holders to inform them that they may exercise his/ her rights under Section 223(1) of the CMSA. According to Section 223(1) of the CMSA, the Dissenting Holders may serve a notice on the Joint Offerors to require the Joint Offerors to acquire his/ her Offer Shares on the same terms as set out in the Offer Document or such terms as may be agreed between the Joint Offerors and such Dissenting Holder or as the High Court may, on application made to it by such Dissenting Holder or by the Joint Offerors, thinks fit to order under Section 224(3) of the CMSA. The Notice to Dissenting Holders may specify the period for the exercise of the rights of the Dissenting Holders and in any event, such period shall not be less than 3 months after the Closing Date.



Accordingly, the Notice to Dissenting Holders will be dispatched to the Dissenting Holders within 1 month from 5 June 2020, being the date of receipt of the Valid Acceptances resulting in the Joint Offerors and person(s) acting in concert with the Joint Offerors to collectively holding not less than nine-tenths (9/10) in the value of all the Yee Lee Shares.



This announcement is dated 23 June 2020

Posted by Hafid > 2020-06-24 16:09 | Report Abuse

will it the offer the same

Posted by riskabsorber > 2020-06-24 17:42 | Report Abuse

Accordingly, the Notice to Dissenting Holders will be dispatched to the Dissenting Holders within 1 month from 5 June 2020, being the date of receipt of the Valid Acceptances resulting in the Joint Offerors and person(s) acting in concert with the Joint Offerors to collectively holding not less than nine-tenths (9/10) in the value of all the Yee Lee Shares.


What if the dissenting holders are some fund managers ? They have bigger bargainning power.

Posted by riskabsorber > 2020-06-24 17:43 | Report Abuse

Am still waiting for their annual report 2019 to show who haven't sell during RM2.33.

Posted by wunyoong22 > 2020-06-24 22:28 | Report Abuse

Can we just hold?

Posted by Hafid > 2020-06-25 11:48 | Report Abuse

how many share you have now

Posted by wunyoong22 > 2020-06-27 07:07 | Report Abuse

5lot only

Posted by riskabsorber > 2020-06-30 10:35 | Report Abuse

The management decided to wait until the last day only disclose who's the 30th Largest shareholders. I believe EPF is still holding as Dissenting Holder. They will make the compulsory takeover failed. Buy more to hold an unlisted company now.

Posted by wunyoong22 > 2020-07-01 10:57 | Report Abuse

So now , how is it?

Posted by Shareholder99 > 2020-07-02 12:11 | Report Abuse

******************************************************************************
Let’s reciprocate to Yee Lee Major Shareholder Unfair Privatization
******************************************************************************

These cunning fellow first trying to buy out minority shareholders’ shares, in big discount to net asset value. After minority shareholders have been supporting the company for so long, it immorally kicks out minority shareholders, so it can enjoy the large valuable asset in the company by themselves. Then, taking advantage of the Covid-19 outbreak, using Bursa rules loophole to further lower the privatization price, squeeze the last drop out of dissenting minority shareholders.

Well, we all lose out in this battle to protect our interest, but we can at least do something to reciprocate to our selfish and disgraceful major shareholders, who are Dato' Lim A Heng @ Lim Kok Cheong, Datin Chua Shok Tim @ Chua Siok Hoon, Lim Ee Young and Langit Makmur Sdn Bhd.

From now on, lets reciprocate to their unfair privatization:
(1) Make sure don’t invest in any company that these people owned or involved in, else you may end up in same story, being forced to sell your shares in lost.

(2) Boycott all Yee Lee products, such as Red Eagle (Helang Oil), Vesawit, SunLico, NeuVida, Vecorn, Vesoya, Sabah Tea, Sabah Tea Tarik, Red Bull. Anyway, in the first place I also think these products are of low quality, mainly targeting low and cheap market.

(3) Make their business conduct difficult, by voting against any resolutions, if they purposely not sending annual report, circular, complain to company commission, make them trouble to needing to answer to authority.

<<<<<<<<<<<<<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>>>>>>>>>

Posted by Shareholder99 > 2020-07-02 12:12 | Report Abuse

Boycott all Yee Lee products, such as Red Eagle (Helang Oil), Vesawit, SunLico, NeuVida, Vecorn, Vesoya, Sabah Tea, Sabah Tea Tarik, Red Bull, to punish the major shareholders!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by HrryPttr > 2020-07-06 17:37 | Report Abuse

I will not back off until they up their offer

Posted by wunyoong22 > 2020-07-07 16:25 | Report Abuse

I am still.holding

Posted by wunyoong22 > 2020-07-18 20:00 | Report Abuse

Any news?

Posted by Helpme123 > 2020-07-31 11:52 | Report Abuse

What will happen to the stocks I hold for Yee Lee. Someone please advise?

Posted by wunyoong22 > 2020-08-17 16:04 | Report Abuse

AGM on 27th Aug 2020, anyone will attend?

Posted by kimpeng > 2023-04-19 14:21 | Report Abuse

dividend again hehe