HWANG CAPITAL (MALAYSIA) BERHAD
KLSE (MYR): HWANG (6688)
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2.61
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| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
4 people like this. Showing 50 of 664 comments
i wont accept such a peasant amount for this, please revise offer. I have been a long term shareholder!
2016-07-14 20:13
When the payment will be send to those who had submitted the shares to the receiver?
2016-07-18 15:46
George
10 days after the first closing or after it becomes unconditional.
This was stated in their letter of offer.
2016-07-19 01:25
Thanks Kai Kai for the info. But i would want to make it clearer on the 90%, it is not just hold more than 90%, it is the acceptance rate 90% (excluding offeror shares)..... . . . .
kaikai wisdow + hw0706 : if Hwang family holds 50+ percent and the company get delisted due to insufficient public shareholding spread . It would make their control over the company more difficult when it's a private company. "Compulsory Acquisition" in your terms can only be executed if Hwang's family shareholdings surpass 90%. Please read the offer document before commenting and confusing investors here.
05/07/2016 11:23
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In the event the Joint Offerors receive valid acceptances of not less than 9/10 in the nominal value of the Offer Shares (EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING EXCLUDING HCM Shares already held by the Joint Offerors and the PACs at the date of the Offer), the Joint Offerors intend to invoke the provisions of Section 222(1) of
the CMSA, subject to Section 224 of the CMSA, to compulsorily acquire any remaining Offer Shares for which valid acceptances have not been received prior to the Closing Date.
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Info: Based on annual report. DBS Vickers Securities (Malaysia) Pte Ltd 60,000,000 23.51%
2016-07-20 16:05
As the public shareholding spread of HCM is less than 10% of its total listed shares (excluding treasury shares), pursuant to Paragraph 16.02(2) of the Listing Requirements, Bursa Securities shall suspend the trading of the securities of HCM immediately upon the expiry of 30 market days from the date of this announcement. The suspension will be effected on 2 September 2016, being the market day immediately following the expiry of 30 market days from the date of this announcement.
Once the suspension pursuant to Paragraph 16.02(2) of the Listing Requirements is effected, it will only be uplifted by Bursa Securities upon full compliance with the public shareholding spread requirement, where HCM must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders, or as may be determined by Bursa Securities.
As of the date of this announcement, HCM has not taken any steps to increase its public shareholding spread to above 10% and neither has it formulated any rectification plan. Further, as stated in the Offer Document dated 13 June 2016, the Joint Offerors do not intend to maintain the listing status of HCM and do not intend to take any steps to address the shortfall in the public shareholding spread requirement of HCM.
2016-07-20 19:22
What would be happen and what are the options for those minority shareholders who still holding the shares?
2016-07-21 00:56
Thanks kaikai! very valuable lesson for illiterate normal person like me. i learn a lot from you.
2016-07-21 13:43
IMPORTANT : For those who still want to accept you have until today (till 5pm) to complete the Bursa Depository Transfer Form (FTF010) at your ADA (your stockbroking house) and you can submit/courier the acceptance form to Agriteum Share Registration Services Sdn Bhd in 7 Days.
Address is 2nd Flr, Wisma Penang Garden, 42, Jalan Sultan Ahmad Shah 10050 Penang.
2016-07-21 14:46
yes. dbs doesn't accept but still does not change the fact that those "who choose not to accept or sell" will be holding unlisted shares after 2nd of September.
2016-07-22 09:13
no need worry, company is still not private. they still need to publish out any announcement, and the agm still as usual. They cannot decide any big decision such as sell off asset or new business path.... alone, because this still need the vote from other holders such as dbs. They cannot treat the money as private. They still need to declare dividend fairly for every share holders if got dividend. In other words, they still not fully control the company. If want fully, please come out another offer price.
2016-07-22 12:53
then see this family when want to full control. they take up so many shares also need money. but still not fully control. u can imagine, the situation now for them also same like last time. share got increase, but still not able full control. they cannot do what they want.
2016-07-22 16:34
if take up now is 6x% means still got 4x% not satisfy (just major is not public holder) or not agree current offer. Let see the show.
2016-07-22 16:41
dbs willing to go private together with hwang family. they have been working together for 20 years and part of the IB success is because of dbs. they won't go hostile with hwang family.
2016-07-22 16:48
in fact dbs has board representative in hwang cap. if they want to make noise they already made earlier.....haizzzzzzzz....what to do...small shareholders :(
2016-07-22 17:00
let see the good show lah. dbs is Singapore very well known organization. if they accept offer, they will follow on reasonable price and let the whole process visible to public. wont be diam diam private together.
2016-07-22 17:30
besides, do u think family got enough cash to absorb the share or just using loan? how about using loan but still not fully control company? then how to pay back is using loan? use your brain.
2016-07-22 17:34
one word, stock market really tricky. Who can see the clear picture, he/she is the winner. Of course timing also an issue. u can hold how long, longer u can earn more.
2016-07-22 17:44
This is question, for those use margin, then sorry lah. 2.65 price, then accept loh. different people, got different situation, as long as u still earn then ok loh. accept or not accept, justify yourself.
2016-07-22 18:04
the family received RM2.625 cash dividend from 2014 until 2015 on their 30%++ shares. So meaning that the 34% they bought now can be paid using cash. They can easily do so by just reinvesting their dividend.
2016-07-22 18:04
http://www.enanyang.my/news/20161011/%E4%B8%A4%E5%B8%AE%E8%82%A1%E4%B8%9C%E4%B8%8D%E6%94%BE%E6%89%8Bbr-%E9%BB%84%E6%B0%8F%E8%B5%84%E6%9C%AC%E7%A7%81%E6%9C%89%E5%8C%96%E6%96%99%E9%99%B7%E5%83%B5%E5%B1%80/
两帮股东不放手
黄氏资本私有化料陷僵局
152点看 2016年10月11日
（吉隆坡10日讯）黄氏家族私有化黄氏资本（HWANG，6688，主板金融股）的部署，可能已经陷入僵局。
无条件献购的截至日期7月21日已过，但是仍有两帮大股东持有黄氏资本34.67%股权。
当中持股27.67%的是新加坡的星展集团，以及一班持股7%的股东群。
根据《星报》报道，唯两帮投资者都拒绝接受黄氏家族的献购，导致私有化行动可能会告吹。
目前让大家最关注的是，黄氏家族是否会提高原先每股2.65令吉或总值4亿6900万令吉的献购价，还是以派息方式吸引两班投资者脱售股权。
黄氏家族需购35%股权
黄氏家族必须想办法，收购两帮投资者约35%股权，否则就无法透过私有化黄氏资本，并释放其业务的价值。
根据条例，如果黄氏资本现在或未来几个月内提高献购价，其他早前已接受献购的股东，也必须享有同等的价格。
此外，如果黄氏资本真的提出新的献购，该活动必须在原先献购截至日期结束的6个月后。
一名商业银行家表示：“如果黄氏家族提高每股献购价格，那将是一笔不小的成本。但是他们可以选择运用派息的方式。”
黄氏资本是在今年5月23日，接获主席黄立德提出收购献议，当天股价劲扬18.55%，逼近每股2.65令吉的献购价。
黄立德连同Hwang Enterprises私人有限公司（简称HESB），出价每股2.65令吉，献购所有还未持有的黄氏资本股权。
一旦完成这项私有化活动，联合收购方无意维持公司的上市地位。
每股2.65令吉的献购价，相等于黄氏资本5天至6个月交易量加权均价（VWAP）的溢价16.74%至21%。
截至5月20日，联合收购方共持有黄氏资本7806万2119股，相等于30.59%股权。
2016-10-11 16:36
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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....
kaikai
For the benefit of all, you can decide whether to accept or not to accept on the 20th July. The Joint Offerors shall announce any revision of extension of offer at least 2 days before the closing date - which falls on the 21st July.
2016-07-12 12:26