Now just above RTO price. All approvals given. How the share price of REITEQ a.k.a. ROHAS performs from now will depend on their financials since the RTO was announced. If they have improved then it will be selling at a discount to the announced IPO price. Any insider info?
I would think the Tecnic directors would not have signed the definitive agreement if it was not favourable to the company. Whether Rohas have improved since we will know soon enough. Please place your bets.
Unique situation. Current price is above IPO price by 16.8%. The market seem confident that the IPO price on opening will be better than current price?
On completion of RTO and MGO, the company will undertake the Proposed Public Issue of 42m shares at RM0.63 each, by way of Private Placement and Public Balloting (only if required to address the Public Shareholding Spread Requirement). There is every possibility that there will be Public Balloting as the MGO and Proposed Private Placement will not reach the required Public Shareholding Spread Requirement.
With the MGO just concluded, new owners have only 88.72% of total shares issued. Even with Private Placement of 42m shares, the Public Shareholding will only increase to 20.20%, still short of the 25% spread required. Public Balloting on the cards?
The share keep on inching up, short of crazy. One can only imagine the frenzy behind the curtain for a portion of the Private Placement. Previously, Rohas went private because they had problems with the Public Shareholding Spread Requirement of 25%. They are again facing the same situation. Is Rohas Tecnic Berhad going to be the darling of 2017.
Former major owners of Tecnic owns 20m shares. Now may be a good time to clear out. Let's see how strong the support is at this level. Who are the buyers?
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teareader
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Posted by teareader > 2016-05-05 13:03 | Report Abuse
Please do your homework.