Thomson Medical Centre

He can't withdraw the offer right ? It is mandatory as he has crossed the 30% mark after purchasing the founder's stake. Judging by the trading volume, I am guessing that most shareholders are pleased with the offer.

Cheers,
Nick

(01-11-2010, 10:45 AM)Zelphon Wrote: How about he trying to create some distraction??

He may be pushing this stock for his kakis..

Later he may withdraw the offer just like the Liverpool case...

But all his kakis has already divested with hefty gains in their pockets and all the suckers who chased this counter will be stucked..

How else do the rich get richer?

Yes. I was thinking in that line too, which I naively hope there is no hidden agenda for any offer of take-over in the market. Though I feel there is nothing illegal based on lawful terms, it is still a question of ethics for the rich to consider whether they should abuse their power from their wealth. Of course, some rich people will answer, 'who cares since I am able to hold power through my wealth and I am not doing anything wrong in the eyes of the law?'

"All things are permissible, but not all things are desirable." This is something to consider in life??

Why does it trade at 1.76? Is it to cover brokerage, as accepting GO no need to pay brokerage?

I truly wonder if the offer is genuine...

Who is buying at $1.74??

Is it really Peter Lim?

I remember during that Anthony Soh's Case where he did a blotched take-over of Jade...

Some rich people were accumulating Jade when the offer was made...
They intended to buy up huge volume a few bids below the offer price and make the profit when the deal is concluded...
At that time, the deal is about 90% done....
OCBC were the backer...

Then, Sh** happens and those rich people lost about $3 million in total...

Anyone remember this case ?

Peter Lim is offering $1.76.

Market is buying in $1.74 to $1.75.

Think it's not fleasible to make the 2cts profit and take the risk of buying in BIG at $1.74 lah...

Think he is also mopping up at $1.74...

127,760 lots done today... gosh...$223.5 millions...

Thomson medical hit the news today for a wrong reason today...

Hospitals say probability of IVF mix-ups very low....

(03-11-2010, 10:21 PM)brattzz Wrote: Thomson medical hit the news today for a wrong reason today...

Hospitals say probability of IVF mix-ups very low....

Look at SGX's announcements today. Peter Lim has been buying shares from open market thus resulting in price shooting up to $1.75 on Monday.

(i) Open market purchase by Sasteria Pte. Ltd. ("Sasteria") of 9,785,000 ordinary shares ("Shares") in the share capital of Thomson Medical Centre Limited ( the "Company") on 1 November 2010; and

(ii) Open market purchase by Sasteria of 21,887,000 Shares on 2 November 2010.

He is now controlling more than 50% of TMC and thus, it the offer has now become unconditional.

I was thinking, so Peter Lim crossed 50% and offer is now unconditional.

His offer letter should reach in 2 weeks time? and after that processing for 2 weeks,
the XD is 15th Dec 2010.

By the time the shares are transferred, XD is over?

What happens in this situation if we do not accept the offer, but other shareholders do?
If the company is delisted and taken private, what happens to the shares of the other shareholders who did not accept the offer?

(07-11-2010, 12:03 PM)EnSabahNur Wrote: What happens in this situation if we do not accept the offer, but other shareholders do?
If the company is delisted and taken private, what happens to the shares of the other shareholders who did not accept the offer?

Then u will be holding part of a private company and if u want to sell your shares, you have to go through a lawyer.

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there's an article on TMC in today's sunday times