Posted by stockraider > 2018-10-08 18:34 | Report Abuse

Remember the de- listing will happen if there are;

1. not enough share of share of more than 10% in value voting against to block

2. Or dissenting shareholders in number voting against is less than those who support & voting for loh....!!

Raider says it is ok....to let hovid to be de-listed mah....raider no fear loh...but stay put in from accepting the GO....pls hold out for price far above rm 0.38 mah.....!!

Posted by stockraider > 2018-10-08 18:37 | Report Abuse

Posted by Lich > Oct 3, 2018 10:11 AM | Report Abuse

"As such, the Proposed Withdrawal is not regarded as a related party transaction under the provisions of the Listing Requirements. Accordingly, FASB, David Ho and persons connected to them are not required to abstain from voting (in respect of their direct and/or indirect shareholdings if any) on the special resolution for the Proposed Withdrawal to be tabled at an EGM to be convened"
CORRECTLOH....!! LIKELY DELISTING UNLESS ;

Remember the de- listing will happen if there are;

1. not enough share of share of more than 10% in value voting against to block

2. Or dissenting shareholders in number voting against is less than those who support & voting for loh....!!


My bet is for it to be de-listed, unless more than 10% of those "present" during the EGM objected. In short, assuming the remaining 20% minority shareholders are present, half will need to vote no. Difficulty increases with non-attendance. De-listing results in the takeover offer becoming unconditional, which as has been pointed out by others, unlikely to meet the 90% trigger for compulsory acquisition (although there are exceptions).
YES IT WILL TRIGGER DELISTING BUT UNLIKELY TO TRIGGER GO LOH....!!

Therefore, the question is this: Can you hold on to your stake until the next listing / exit, which is probably going to be at least 3-4 years? Do bear in mind that if you cannot wait and decide to sell for whatever reasons (because shit happens in life), you may need to take a liquidity discount. If you can wait, then all the best for you! But know what you are getting yourself into.
RAIDER ANS IS : YES....THIS IS WHAT RAIDER IS DOING LOH....!!

Posted by actura > 2018-10-09 12:13 | Report Abuse

Hovid no show....

Posted by beatme > 2018-10-09 17:16 | Report Abuse

closed at highest. will break 0.38 tmr? XD

Posted by Hasnulhalim88 > 2018-10-09 23:04 | Report Abuse

haha

Posted by stockraider > 2018-10-15 11:46 | Report Abuse

Good morning Hovid allies....!!

By now u will have received the takeover offer documents at Rm loh....!!

Raider advice that u do nothing even if u intend to accept the offer loh....!! The reasons is as follows:

1. The deadline of acceptance is 4 Dec very long time mah....!!
2. The offer got condition that the delisting of hovid must be approved by shareholders, b4 they can pay u loh...!! If not approved they will return your share even u have accepted loh...!! So u still have time, u wait for the outcome of the egm of delisting of hovid to be convene and approve b4 u accept loh..!! Meanwhile this 2 mths....they is a possibility the GO maybe revise upwards loh....!!

The majority of the allies raider advice u not to accept and fight on loh....!!
Even it is delisted....the owner still want to buy u out, even at a higher price, just hold your guns.

Posted by Huatlar > 2018-10-15 15:52 | Report Abuse

Hold tight

Posted by pundekman > 2018-10-16 11:23 | Report Abuse

i want to go private with them...then relist in hk at later date ;-)

Posted by wannabeinvestor > 2018-10-16 13:15 | Report Abuse

die die hold...i enter at .485 damn hovid...

Posted by hoplanner > 2018-10-17 11:43 | Report Abuse

Wow o.485!!! Sympathise with you.
By the way gentlemen what is yr take 'tis time. Do u think the offerors r going to succeed? Pls give an honest feedback.

Posted by actura > 2018-10-25 15:41 | Report Abuse

@wannabeinvestor, u have alot?

Posted by multi530 > 2018-10-27 14:20 | Report Abuse

no matter how ， just hold

Posted by multi530 > 2018-10-30 22:46 | Report Abuse

i received EGM notice for the withdrawal and exist offer

Posted by multi530 > 2018-10-30 22:47 | Report Abuse

26 nov is egm

Posted by Learntoearn > 2018-10-31 19:14 | Report Abuse

Hold

Posted by Learntoearn > 2018-10-31 19:15 | Report Abuse

650,000 units here...I won't take the offer

Posted by multi530 > 2018-10-31 21:25 | Report Abuse

learntoearn, u going to attend egm?

Posted by Learntoearn > 2018-11-01 09:59 | Report Abuse

Not decide yet

Posted by multi530 > 2018-11-01 11:17 | Report Abuse

i'm not able to get leave to attend the EGM.

Posted by jowong7 > 2018-11-03 10:13 | Report Abuse

Hovid Berhad
Voluntary recall of Mixture Potassium Citrate batch number BH09184

Kuala Lumpur, October 26, 2018: We received a complaint about our product Mixture Potassium Citrate from one of our customers, we are currently investigating the matter and as a precautionary measure we are voluntarily recalling batch number BH09184 of Mixture Potassium Citrate. Hovid is undertaking this voluntary recall in consultation with National Pharmaceutical Regulatory Agency (NPRA) of Ministry of Health.

Consumers are to return product with batch number BH09184 at their point of purchase for a refund. The voluntary recall is only limited to this batch, all other batches and products are not affected.

For further information, contact us at +6 014-2467738 (Monday – Sunday, 8:00am – 6:00pm) or email us at customercare@hovid.com should you have further queries.

Customer safety is paramount to us and we will always ensure that right measures are taken to preserve their wellbeing.

Product Name: Mixture Potassium Citrate
Product registration number: MAL19911144X

Posted by somchik > 2018-11-03 21:40 | Report Abuse

What about those that have hovid shares pledged to that bank .. how to hold?

Posted by somchik > 2018-11-03 21:54 | Report Abuse

What happen if we won the vote against delisting?

Posted by kevin5059 > 2018-11-06 23:37 | Report Abuse

Can somebody give some insight, to trigger the compulsory acquisition (<90%), the offerer will need to:

1) Own more than 90% of the total HOVID market share (including shares that already owned by the offerer)?
2) Own more than 90% of the HOVID shared that still in public hand (not including shares that already owned by the offerer)?

so it is 1) or 2)? If 1) i think it is not so difficult to achieve, but if 2), I don think they going to get it with 38sen.

Thank you.

Posted by taitaumau > 2018-11-09 11:42 | Report Abuse

@kevin5059, scenario (2) will trigger compulsory acquisition under Sec 222 of CMSA

Do refer to the flow chart contained in the Circular to shareholders (29/10/2018)
- under Part B, Independent advice letter - Page 36

&& The said flow chart will render u a clear understanding of various possible outcomes pursuant to the proposed delisting exercise by HOVID.

Posted by taitaumau > 2018-11-10 13:35 | Report Abuse

@hoplanner, Once bursa and EGM approvals are obtained, HOVID will be delisted irrespective of any acceptance level of the offer.

By virtue of Listing Requirements Chapter 16.06 - Request for withdrawal of listing status,

- shareholders are to be offered a reasonable cash alternative (presumably RM 0.38 in this case) which is so called the “exit offer”

- dissenting shareholders will end up holding the unlisted HOVID shares, unless the compulsory acquisition under Sec 223 is invoked.

Posted by Bell Cranel > 2018-11-23 11:03 | Report Abuse

bullish incoming.

Posted by k3nthiew > 2018-11-26 10:12 | Report Abuse

anyone attend the egm?

Posted by k3nthiew > 2018-11-26 14:44 | Report Abuse

EGM gone tru??

Posted by multi530 > 2018-11-26 16:41 | Report Abuse

wait for annoucement after 5pm

Posted by multi530 > 2018-11-26 16:41 | Report Abuse

20 more min to go.

Posted by k3nthiew > 2018-11-26 17:27 | Report Abuse

still nothing...

Posted by multi530 > 2018-11-26 17:39 | Report Abuse

why take so long to announce EGM outcome

Posted by multi530 > 2018-11-26 20:35 | Report Abuse

well, no big gun to object the withdrawal...

Posted by multi530 > 2018-11-27 10:26 | Report Abuse

why analyse hovid Qtr results t? later or soon it will delisted from Bursa.

Posted by actura > 2018-12-04 10:32 | Report Abuse

collection extend till next year Jan 2019

Posted by taitaumau > 2018-12-04 12:30 | Report Abuse

hoplanner, my understanding is as below:

The voluntarily take-over becomes unconditional on 03-12-18, after receiving the Bursa approval. The current level of acceptance is 88.62%.


1. && If the level of acceptance reaches the 90% threshold, HOVID will be SUSPENDED [Para9.19(48)] after 5 market days and will eventually be delisted.. ..
&& If the acceptance falls below the 90% on 08-01-19, listing status of HOVID shall be withdrawn in accordance with the Bursa approval (dated 03-12-18) received by CIMB IB.
Sorry, i have no knowledge of the suspension/delisting details stipulated in the approval letter.


2. Payment to accepting shareholders shall be made within 10 days from the unconditional date, 03-12-18.

. && If your acceptance has been received by the Offerors prior to or on 03-12-18
Payment shall be made to you the latest on 13-12-18

&& If your acceptance, say, is received by the offerors on 05-12-18
Payment shall be made to you the latest on 15-12-18

&& the sooner u send in your acceptance, the faster u will receive your payment

3. The offer has become unconditional. The question on aborted offer is not one of the outcomes The main concern here is the % of shareholding finally held by the offerors. The end outcome is either u hold unlisted shares or your share will be compulsorily acquired by the Offer.

Posted by multi530 > 2018-12-04 19:31 | Report Abuse

then just wait, do nothing

Posted by Daily8 > 2018-12-04 20:47 | Report Abuse

Many still stubborn not selling the shares...

Posted by Angel of KLSE 大马股仙 > 2018-12-04 21:29 | Report Abuse

If i keep holding the shares, then what?

Posted by fragile84 > 2018-12-05 07:33 | Report Abuse

what players are u to decide want to hold.. sell it la aiyooo~ u not director ceo or anything just ikan bilis still want hold ar? Lolz joker la to that still holding ..

Posted by Angel of KLSE 大马股仙 > 2018-12-05 08:47 | Report Abuse

I queue sell at 0.38, but cannot sell

Posted by actura > 2018-12-05 09:54 | Report Abuse

Hovid get approval from Bursa for delisting..

Posted by Syndicates > 2018-12-05 12:43 | Report Abuse

38 sen is firm. there will be compulsory acquisition as well, no matter if u refuse the offer or not.

Posted by stockraider > 2018-12-05 12:59 | Report Abuse

We are reaching the final lap....hovid will be delisted....but they have not reached the stage of compulsory acquisition the rest loh...!!

In order to reach stage of compulsory acquire all the rest they need to hit 98% n not 90% shareholding loh...!!

BBelow explaination is comprehensive loh...!!

Posted by taitaumau > Dec 4, 2018 12:30 PM | Report Abuse

hoplanner, my understanding is as below:

The voluntarily take-over becomes unconditional on 03-12-18, after receiving the Bursa approval. The current level of acceptance is 88.62%.

1. && If the level of acceptance reaches the 90% threshold, HOVID will be SUSPENDED [Para9.19(48)] after 5 market days and will eventually be delisted.. ..
&& If the acceptance falls below the 90% on 08-01-19, listing status of HOVID shall be withdrawn in accordance with the Bursa approval (dated 03-12-18) received by CIMB IB.
Sorry, i have no knowledge of the suspension/delisting details stipulated in the approval letter.

2. Payment to accepting shareholders shall be made within 10 days from the unconditional date, 03-12-18.

. && If your acceptance has been received by the Offerors prior to or on 03-12-18
Payment shall be made to you the latest on 13-12-18

&& If your acceptance, say, is received by the offerors on 05-12-18
Payment shall be made to you the latest on 15-12-18

&& the sooner u send in your acceptance, the faster u will receive your payment

3. The offer has become unconditional. The question on aborted offer is not one of the outcomes The main concern here is the % of shareholding finally held by the offerors. The end outcome is either u hold unlisted shares or your share will be compulsorily acquired by the Offer.

THUS U NEED TO DECIDE WHETHER U STILL WANT TO BE A SHAREHOLDER OR PARTNER WITH THE MAJOR SHAREHOLDER AS A PRIVATE ENTITY ??

RAIDER ADVICE IF U CAN AFFORD IT WHY NOT ??

HOVID WILL BE RELISTED SOMEWHERE ELSE WITH A MUCH BIGGER PREMIUM LOH...!!

THE QUESTION IS CAN U AFFORD TO WAIT ANOTHER 3 YRS LOH ??

Posted by Daily8 > 2018-12-05 22:50 | Report Abuse

stockraider, how come u always like this? Are u hoping for higher offer? Ever in history, the copmapny will pay u more than 38 cents? Ponder lah

Posted by actura > 2018-12-06 10:25 | Report Abuse

Hovid, no show. die die have to accept. if not wait for no date to list again....

Posted by stockraider > 2019-01-08 19:08 | Report Abuse

Congratulation to the remaining 5% minority shareholders; the takeover of hovid had not reach compulsory acquisition stage.
Thus it is unsuccessful to acquire 100% loh...!!

Thus u will be 1 of the very priviledge shareholder to participate in NEW Hovid...in a new era in other market loh...!!

DO NOT WORRY IF HOVID IS DELISTED FROM BURSA LOH...!!

AS THE MAJORITY HAD SPEND MORE THAN RM 300 MILLION to buyout 95% of hovid shares...RAIDER IS CONFIDENT THEIR PROJECT WILL BE SUCCESSFUL GOING FWD LOH...!!

PLS READ BELOW ANNOUNCEMENT LOH...!!


TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

HOVID BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

Description HOVID BERHAD ("HOVID")

VOLUNTARY TAKE-OVER OFFER BY FAJAR ASTORIA SDN BHD AND HO SUE SAN @ DAVID HO SUE SAN (COLLECTIVELY, THE "JOINT OFFERORS") THROUGH CIMB INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN HOVID EXCLUDING TREASURY SHARES) (OFFER SHARES) NOT ALREADY HELD BY THE JOINT OFFERORS FOR A CASH OFFER PRICE OF RM0.38 PER OFFER SHARE (OFFER)

- CLOSING OF OFFER

Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the press notice dated 8 January 2019 (“Press Notice”), as attached herein.

We refer to the announcements dated 14 September 2018, 5 October 2018, 15 October 2018, 27 November 2018, 3 December 2018 and 17 December 2018 in relation to the Offer.

We wish to announce that Hovid has received the Press Notice from CIMB Investment Bank Berhad, on behalf of the Joint Offerors, informing that the Offer has closed at 5.00 p.m. (Malaysian time) on 8 January 2019 (“Final Closing Date”).

In accordance with Paragraph 13.01 of the Rules, the detailed disclosure on the level of acceptances of the Offer on the Final Closing Date is set out in the attached Press Notice.

This announcement is dated 8 January 2019.

Posted by Oreo Oreo > 2019-01-28 10:05 | Report Abuse

so... what happened with hovid

Posted by TianTianHuat > 2019-09-30 12:04 | Report Abuse

hovid is going into PN17 soon

Posted by Lai Sin > 2020-01-08 10:28 | Report Abuse

I am still waiting for Hovid to return my investment fund because having problem to return the fund even a small amount of shares. Any of you same case with me?