Lee Kim Tah Holdings

No update on this?

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Waiting for Independent Advisory Report sir!
So far, there is a serious buyer who blocks the buy queue at 1.085/1.09 level to catch any loose-footed selllers...

I think we can win this!
Either LKT calls off this GO, or UP their offer!

Guthrie GTS went thru this path but it disappeared

Vested
Odd Lots and Certificate
GG

(17-10-2014, 09:37 AM)brattzz Wrote: Waiting for Independent Advisory Report sir!
So far, there is a serious buyer who blocks the buy queue at 1.085/1.09 level to catch any loose-footed selllers...

I think we can win this!
Either LKT calls off this GO, or UP their offer!

true... and very likely LKT might be the same..

I hope the outcome will be different though! it's a hope!

13th November 2014 is the expiry of the offer @ $1.08 per share.

wonder how's the % of surrendered shares updates..

Independent Financial Advisory - POEMS Philips has deem the offer price,

1) Reasonable
2) To accept the offer

BUT i am NOT selling yet!

Still waiting for acceptance level updates leh... it's not appearing..

might extend offer date 2x, and elapse GO offer... or UP the offer price..

In this GO, I think it is fair to assume that the Offeror will try its very best and use all available weapons - including revising the GO price - to privatise LKT for their own future economic benefits, which we can reasonably assume should include disposing the underlying key property assets at good prices and profits.

Under the Final Day Rule, the Offeror has until the 60th day after the Offer Document Despatch Date (16Oct14) - i.e. until 15Dec14 - to achieve the objective of crossing the critical 90% shareholding mark, at which point the Offeror will be entitled to exercise the right to compulsorily acquire, at the then Offer Price (including any revisions from the now $1.08/share), all the remaining shares held by shareholders who have not accept the offer.

I suppose most informed minority shareholders would simply hold on to their prized LKT shares and just sit tight till the end….

I suppose minority shareholders can also look at it another way : If the Offeror desires to privatise LKT badly enough, and since it already holds 86.41% (436,777,430 shares), what's the big issue if it had to just pay another say $5.0m to buy the remaining 13.59% (68,665,405 shares) - equivalent to a $0.07 upward revision of the now $1.08/share GO price - to do the trick and complete the job. Well, even another $10.0m may be justified for such an important exercise for the Lee family!

Offer has become unconditional as it crosses the 90% mark and annoyingly, this threshold was breached by a mere 0.04% of shares! We were so close. Felt a bit undone by this 0.04% or 202 lots.

Looks like most of us will be surrendering our shares. Haiz.

(11-11-2014, 07:49 AM)psolhawk Wrote: Offer has become unconditional as it crosses the 90% mark and annoyingly, this threshold was breached by a mere 0.04% of shares! We were so close. Felt a bit undone by this 0.04% or 202 lots.

Looks like most of us will be surrendering our shares. Haiz.

You must applaud their years of effort in accumulating the shares and make a confident sprint for it when the 90% is neared.
Jurong Point Reit or Asia mall REIT is coming...haha.