Viz Branz

(15-08-2013, 04:40 PM)pianist Wrote: will the counter still be listed after 16 aug?

i am still holding on 100%..nil sold to-date

never heard anything about suspension after deadline le

Viz branz will continue to be listed after the offer lapsed but it may not trade at 0.815. It can be higher or lower.

The suspension will not come immediately after the offer lapsed.
The suspension is initiated by SGX and they will only do it if the company fails to improve the free float after a certain period of time.

(15-08-2013, 05:35 PM)yeokiwi Wrote:

(15-08-2013, 04:40 PM)pianist Wrote: will the counter still be listed after 16 aug?

i am still holding on 100%..nil sold to-date

never heard anything about suspension after deadline le

Viz branz will continue to be listed after the offer lapsed but it may not trade at 0.815. It can be higher or lower.

The suspension will not come immediately after the offer lapsed.
The suspension is initiated by SGX and they will only do it if the company fails to improve the free float after a certain period of time.

i missed out this announcement today - The Company has ceased to comply with the requisite 10% public float requirement of the SGX-ST, and will therefore be delisted from the SGX-ST.

so it will be suspended after tomorrow and delisted soon?

ok lah, end of story liao, going to hand over my letter to SGX tomorrow before 5.30pm!!

any buddies still holding after tom deadline?

strange the am news contradicts with the pm news - Credit Suisse wishes to announce, for and on behalf of the Offeror, that as at 5:00 p.m. (Singapore time) on 15 August 2013, the total number of (i) Shares owned, controlled, acquired or agreed to be acquired by the Offeror Concert Group, and (ii) valid acceptances of the Revised Offer, amount to an aggregate of 267,665,073 Shares, representing approximately 75.40% of the total number of issued Shares.

so not yet crossed 90% level yet?

VIZ BRANZ LIMITED

UPDATE IN RELATION TO PUBLIC FLOAT
Reference is made to the Company’s announcement of 13 August 2013 in relation to its public float. All capitalized terms used herein, unless otherwise defined, shall have the meanings

As at the date hereof, based on information available to the Company, the public float of the Company, being Shares held by public Shareholders, comprises 6.13% of the entire issued Shares (excluding treasury Shares).

Public Shareholders comprise Shareholders other than the directors, chief executive officer, substantial shareholders or controlling shareholder s of the Company or its subsidiaries, and their respective associates (as defined in the Listing Manual).

The Company has ceased to comply with the requisite 10% public float requirement of the SGX-ST, and will therefore be DELISTED from the SGX-ST.

Shareholders should accordingly exercise caution in their investment decisions in the Company. In the event of any doubt, Shareholders should consult their professional advisers immediately for assistance

BY ORDER OF THE BOARD
Tan Kok Hiang
Non-Executive Director
15 August 2013

(15-08-2013, 10:39 PM)pianist Wrote: any buddies still holding after tom deadline?

strange the am news contradicts with the pm news - Credit Suisse wishes to announce, for and on behalf of the Offeror, that as at 5:00 p.m. (Singapore time) on 15 August 2013, the total number of (i) Shares owned, controlled, acquired or agreed to be acquired by the Offeror Concert Group, and (ii) valid acceptances of the Revised Offer, amount to an aggregate of 267,665,073 Shares, representing approximately 75.40% of the total number of issued Shares.

so not yet crossed 90% level yet?

Base on the latest disclosure, it seemed LS already accepted the offer. The resultant shareholding today is 98.93%. The dateline is also extended for another 14 days, till 30 Aug 2013

(not vested)

http://infopub.sgx.com/FileOpen/Pluto_Ri...eID=252870

http://infopub.sgx.com/FileOpen/Pluto_Ri...eID=252781

Submitted the acceptance as well. Good bye

Glad there is closure,

Looking back, i was quite hesitate to get VBZ cos of the Dad Vs Son dispute...i thought that this speak badly of the management indeed.
Eventually LS took part, and provide more clarity in a commerical sense-direction, The biz must GO on...

Thanks Musicwhiz & dydx for highlighting VBZ as early as 2010!!! cheerios!

With 98.93% already in the bag, pursuant to s215(1) of the Companies Act, the offeror will be entitled to compulsorily acquire all the remaining shares. Since the offeror had expressed its intent to exercise its rights of compulsory acquistion, whether the remaining shareholders submit the acceptance form, the ending will still be the same.

I am just wondering will there be a big dividend announcement after the closing date to celebrate the successful acquisition?

i bet there will be a big celebration.

just like early this year agm, I heard the elderly chng mentioning something about big ang bao & nice food and celebration & preparation for the cny. this coming cny will also be the same..