Guthrie GTS

(02-09-2013, 10:26 AM)pianist Wrote:

(02-09-2013, 10:18 AM)LOVE YOURSELF Wrote: Thanks. For cmz, not vested.

u r welcome. I also learning. Also never vested in cmz.
better focus & do well in the day's job is more impt.

You are 100% right !

(21-05-2011, 10:39 AM)dydx Wrote: Checked my bank account this morning and noted a nice credit from Guthrie GTS's total $0.025/share Final/Special dividends for FY10. This shall pay for dinner with the family tonite!

Since the counter went 'XD' on 3May11, the share price has countered the overall depressed market in the last few sessions and gone back up a little and last closed at $0.475 (20May11), supported by the release of a good set of Q1 (ended 31Mar11)-FY11 results on 13May11.....
http://info.sgx.com/webcoranncatth.nsf/V...F00349D79/$file/A_1Q2011Results_13052011.pdf?openelement
This is indeed a good sign!

More info on this very old (by local standard) company..... http://www.guthrie-gts.com/home
which is also the founding partner of Lee Kim Tah which together first developed the now highly successful Jurong Point mall.....
http://www.jurongpoint.com.sg/

Sent from my GT-I8190N using Tapatalk 2

See how the Indonesian businessman skills at work with CMZ !

Acceptance level : 85.40% （3 Sept 2013)

Acceptance level : 86.57% (4 Sept 2013)

Acceptance level : 87.13% (5 Sept 2013)

Acceptance level : 87.57% (6 Sept 2013)

by now, all the margin and nominees accounts should have submitted.

CDP forms must be mailed out by today to reach in time for Monday.

Got chance that no Compulsory Acq (CA) . That's good. CA is equivalent to taking away our shares by 'force'.
In principle, it is a OK legislation. But Offeror can bypass by incorporating a new takeover vehicle. Some how dilute
the spirit of the law.

what do u mean by 'bypass by incorporating a new takeover vehicle'? how to do that

OK. For Guthrie case,

Anthoni & gang owned 69% via their holding co, GA 1821 Pte. Ltd.
If they launch Offer using GA 1821 Pte. Ltd, they need to have more than 96.9%, to invoke Compulsory Acq (CA).
(***Law states that they need to get 90% of the shares EXCLUDING the shares they owned at start of Offer)

By using the takeover vehicle, UNITED SM HOLDINGS PTE. LTD., they can invoke CA when they have 90% because
United SM owned zero shares at the start of Offer. Upon the Offer, GA 1821 will sell to United SM their 69% stake.
So when United SM cross 90%, they can take out the rest of 10% by passing minorities a cheque and cancel their shares
(whether minorities agree or not)