Interesting to see buyers willing to pay Rm1.56 for Bplant even though offers by Ltat stands firm at Rm1.55 takeover offer
Ubs bank trying to block privatisation or what?
What should you do?
According to Mr. Yap from Eagle Group who contacted Ltat Cfo it is said that if you submit acceptance form for Rm1.55 you will get your payment within 10 days
Should prices be raised higher later, say, to Rm1.65 then Ltat will further pay you the final different sum of 10 sen
So this looks like the best course of action
Now three things can happen
1. Ltat finally get to garner more than 90% of Bplant shares Then Compulsory Mgo will be triggered Irrespectively whoever owns the rest they will have to surrender all Bplant shares to Ltat and get Rm1.55 per share
2. IF PRIVATISATION IS BLOCKED THEN LTAT MIGHT BE FORCED TO RAISE ITS FINAL OFFER PRICE TO A MORE FAIR OFFER.
3. OR PRIVATISATION COULD FAIL. IN THAT CASE BPLANT WILL REMAIN LISTED
WHAT CAN HAPPEN?
BPLANT PRICES COULD GO HIGHER LIKE HARRISON OR HL CAPITAL BOTH SURGED UP BY FEW HUNDRED PER CENT MORE SUBSEQUENTLY
OR?
BPLANT COULD FOLLOW PERAK CORP EXAMPLE.
AFTER PERAK CORP'S RM3.90 PRIVATISATION PRICE WAS REJECTED ITS SHARE PRICE COLLAPSED INTO THE ABYSS BELOW 50 SEN
Do not be greedy loh....! Rm 1.55 should be the price of disposal....If u can get better than this that will be the bonus.
Thus by all means make sure u exit at least rm 1.55 b4 completion loh!
Do not do nothing loh.....u will end up regret bcos bplant is not efficient as a plantation player loh......if u want to hang on to a unlisted share it is long wait bad option mah!
Short term LTAT will not raise the price beyond Rm 1.55 loh!
YES PARKSONGUY GO SUBMIT THE FORM AND GET RM1.55 WITHIN 10 DAYS
ALL TAKE NOTE
LTAT ALREADY SECURED ABOVE 90% OF BPLANT AND MGO HAS NOW TURNED COMPULSORY
TABUNG HAJI NOW OWNS 73.8% OF THPLANT
IT CANNOT BUY ABOVE 75% OR ELSE AN MGO (MANDATORY GENERAL OFFER) WILL BE TRIGGERED (NOT COMPULSORY)
IF TABUNG HAJI FAIL TO GET ABOVE 75% BUT BELOW 90% THEN MGO WILL FAIL AND TABUNG HAJI MUST SELL DOWN BELOW 75% HOLDING AS AT ALL TIMES IF AN ENTITY IS LISTED THE 25% SPREAD MUST ALWAYS BE MAINTAINED
FELDA FAILED TO SECURE ABOVE 90% OF FGV SO IT IS NOW ISSUEING MORE SHARES
FOR BPLANT AS IT HAS ABOVE 90% NOW COMPULSORY ACQUISITION IS TRIGGERED
ALL YOUR SHARES WILL NOW BE TAKEN AND ALL GET PAID RM1.55 PER SHARE
JUST LIKE BOUSTEAD BPLANT WILL ALSO BE OFFICIALLY DELISTED FROM BURSA FINALLY
SAYONARA, GOOD BYE TO THIS WONDER BUY CALL AT 57 SEN THANKS TO MANAGEMENT OF LTAT CFO MOHD ASRAF AND OTHERS IN CHARGE
THPLANT (5112) Why it is underperforming compared to Bplant? And what are its positives & negatives< Calvin Tan
Wa, calvintaneng seem like u know everything in and out. But why still promoting even though it reached peak price. You enter at low price keep quiet la. Why keep show off and no shame asking ppl to enter at peak price.
Sime Darby Plantation Bhd has maintained a consistent dividend payment record since 2019. Dividends are currently distributed on a bi-annually basis. Over the past three years, Sime Darby Plantation Bhd's annual dividend growth rate was 136.20%.
Mr Calvin Tan, Do not simply brand people foolish. It is up to individual on risk taking !
with due respect , yourself is IGNORANT on the term for compulsory acquisition . Please at least read the takeover offer document carefully BEFORE ADVISING PEOPLE ! Quote : Subsection 222(1A) of the CMSA provides that, for the purpose of paragraph 222(1)(b) of the CMSA, the acceptance shall not include shares already held at the date of the take-over offer by the offeror or the person(s) acting in concert.
In the event the Offeror receives valid acceptance of not less than nine-tenths (9/10) in the nominal value of the Offer Shares (excluding shares already held by the Offeror and the person(s) acting in concert with it as at the date of the Offer) on or before the Closing Date, the Offeror intends to invoke the provisions of subsection 222(1) of the CMSA to compulsorily acquire any remaining Offer Shares from the Dissenting Holders for which acceptances have not been received. Unquote:
LTAT and person acting in concert held 68.17% before LPD. That means 31.83% are in the hands of the public. To invoke compulsory acquisition, LTAT must receive acceptance from (9/10) 90% of the 31.83% (90% x 31.83% = 28.65%). That means LTAT (including party in concert) must finally secure control on 96.82% (68.17+28.65) to invoke compulsory acquisition.
Investors behind UBS alone is sufficient to block the compulsory acquisition !
Bplant will be delist, It may remain as unlisted public company if there is enough dissenting investor refuse to accept the offer at $1.55!
The conservation valuation made by Malacca Securities, the independent advisor, is $2.60.
Why you think inventors behind UBS bought over 5% at $1.54/1.55 ?
Mr Johnzhang and Mr CalvinTaneng: so with regards to Bplant, what to do now if still holding on to the shares? Rather confused after reading the above discussions. To wait and see/ what UBS will do/ risk Bplant delisting? Will we be paid if it is delisted finally?
Notified of transferred of my BPLANT shares to LTAT on 7/12, however, yet to receive payment, told to wait by dealer. Any one here faced similar issue?
Mine also around same date. Queried with registrar on payment within 10 days, was told bursa don't allow LTAT to access bank details of shareholders. So they are going to courier cheques on 29/12/23
Poor service of the Registrar! If it is true that Bursa did not allow such facility, Bursa is being unreasonable ! Why payment of dividend via bank a/c registered in CDS allowed ?
Alot of people complained that the payment for the takeover is paid in the form of cheques instead direct bank credit, this is bcos LTAT use Boardroom instead of the usual TRICOR as the registrar.
This result is technical problem, in terms of accessing into shareholders bank particulars loh!
Anyone yet to receive payment after 10 days can write a complaint to CFO of LTAT at ashrafradzi@ltat.gov.my. May also call him at 03 48158888 ext 1200.
in 2021 when Bplant was 57 sen there was very cold reception then and after posting buy all at 57 sen Bplant even dropped below 55 sen as few bothered or wanted anything to do with it
now Bplant over Rm1.53 still go bullish die hard holders hoping for a higher price 🤔
just be careful as Ltat already stated Bplant might turn into an unlisted share and you might be stuck inside for a very long time
Now we once bought Fountain View which was delisted and remain unlisted with no more news
Better don"t be greedy
Sell all tomorrow and take your monies
Bye bye sayonara to Bplant
it has been a very fruitful two good years of holding Bplant with good dividends and a fair final offer price of Rm1.55
let us move on to these
Tsh Resources
Thplant Jaya Tiasa Hs plant Next month Hs plant will declare another dividend
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....
ACE9696
185 posts
Posted by ACE9696 > 2023-12-18 14:18 | Report Abuse
bplant cantek cantek RM2.600 kasi sure tanpa halangan