forgot i still got some odd lots to sell... now the counter is suspended.. and the offer date is over, what shall i do?
1) Want to sell at market, but counter suspended
2) Want to sell back to MBT, but offer date over...
really become private owner of EH??
any advises appreciated sir!
Found the answer... duh!
Do nothing and wait for EH to buy buy buy!
4. RIGHTS OF COMPULSORY ACQUISITION UNDER SECTION 215 OF THE COMPANIES
ACT
4.1 Pursuant to Section 215(1) of the Companies Act, Chapter 50, of Singapore (“Companies
Act”), in the event that the Offeror acquires not less than 90% of the total issued Shares
(other than those already held by the Offeror, its related corporations or their respective
nominees as at the date of the Offer and excluding any Shares held by the Company as
treasury shares) (“Compulsory Acquisition Threshold”), the Offeror will be entitled to
exercise the right to compulsorily acquire all of the Shares held by Shareholders who have
not accepted the Offer (“Non-Assenting Shareholders”), at a price equal to the Offer Price
(“Compulsory Acquisition”).
4.2 As stated above, as at the Close of Offer, the Offeror has received acceptances in excess of
the Compulsory Acquisition Threshold.
4.3 Accordingly, the Offeror is entitled to and will be proceeding to exercise its right of
Compulsory Acquisition, i.e. to compulsorily acquire all the Shares of the NonAssenting
Shareholders at the Offer Price of S$0.425 per Share.
4.4 The Offeror will, in due course, despatch to the Non-Assenting Shareholders the relevant
documentation, together with the prescribed notice under the Companies Act, in relation to
the exercise of its rights of Compulsory Acquisition.
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