CapitaMalls Asia
13-05-2014, 01:16 AM
(13-05-2014, 12:34 AM)intellect Wrote:(12-05-2014, 11:01 PM)greypiggi Wrote: Yes I remember sembmarine. My only worry is that it becomes unlisted shares. What is your plan if that happens? Delisting and Compulsory Acquisition have different criteria. See the Compulsory Acquisition example given in the dialogue session pamphlet: http://infopub.sgx.com/FileOpen/Pamphlet...eID=296825
13-05-2014, 01:32 AM
There's also a more updated example in the slides for the dialogue session:
http://infopub.sgx.com/FileOpen/Dialogue...eID=296826 Accordingly to the example, currently would need around 97% to invoke compulsory acquisition, and it also depends on whether the additional shares are acquired from the market or from acceptance of the offer. 
13-05-2014, 10:04 AM
anyone went to the dialogue session?? did not go coz too late to register.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
13-05-2014, 11:59 AM
(13-05-2014, 10:04 AM)egghead Wrote:Personally I'm also not keen on their offer price as CMA is definitely worth more than that. $2.50 to $2.60 would be more palatable to me.(12-05-2014, 07:12 PM)greypiggi Wrote: Hey are u guys selling or holding? I have quite a lot of this counter... Accumulated over the years and now about 100 lots.
13-05-2014, 12:15 PM
$2.20 is too lower a offer considering the NAV and its potential...but if don sell now...will become a perpetual shareholder liao
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13-05-2014, 01:06 PM
(13-05-2014, 12:15 PM)xiang38 Wrote: $2.20 is too lower a offer considering the NAV and its potential...but if don sell now...will become a perpetual shareholder liao Why? Isn't there is a compulsory sale to CMA if CMA manages to collect more than 90%
WB:-
1) Rule # 1, do not lose money. 2) Rule # 2, refer to # 1. 3) Not until you can manage your emotions, you can manage your money. Truism of Investments. A) Buying a security is buying RISK not Return B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return. NB:- My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
13-05-2014, 01:20 PM
(13-05-2014, 01:06 PM)Temperament Wrote:(13-05-2014, 12:15 PM)xiang38 Wrote: $2.20 is too lower a offer considering the NAV and its potential...but if don sell now...will become a perpetual shareholder liao There's a range of % whereby CMA would be delisted but without compulsory acquisition. Right now that range is between 90% to 97%
13-05-2014, 02:28 PM
(This post was last modified: 13-05-2014, 02:51 PM by Temperament.)
http://infopub.sgx.com/FileOpen/Pamphlet...eID=296825
With Reference to the above, page 4, article No. 6 -Compulsory Acquisition If this term still applicable, what's the problem of holding out? Unless you need the money for something? And article 7- Unconditional - if it happens, we can do nothing about it. Why worry about holding out?
WB:-
1) Rule # 1, do not lose money. 2) Rule # 2, refer to # 1. 3) Not until you can manage your emotions, you can manage your money. Truism of Investments. A) Buying a security is buying RISK not Return B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return. NB:- My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
13-05-2014, 02:59 PM
(13-05-2014, 02:28 PM)Temperament Wrote: http://infopub.sgx.com/FileOpen/Pamphlet...eID=296825 Both applicable but what if at the end of the offer, CL is holding onto for example, 92% of total shares. Then those who did not accept would end up holding delisted CMA shares since CL would not have the right to compulsory acquire the remaining 8% (since acceptance is less than 90%) |
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