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01-09-2011, 10:37 AM
Two points ...........
- Looks like the Lee's are back in the market for LKT shares this morning with their usual 50,000 share bid. Only this time they are bidding S$ 0.565 per share, i.e. yesterday's (higher) closing price.
- A trusted lawyer friend, admittedly one who was being plied with beverages at the time, agrees with cif5000's assessment, i.e. in this case LKT can increase their holding % at the unconstrained pace they chose, and keep going until they have reached the "magical" 90% level. There is no statutory or legal constraint impeding the pace at which they can acquire further units.
- Looks like the Lee's are back in the market for LKT shares this morning with their usual 50,000 share bid. Only this time they are bidding S$ 0.565 per share, i.e. yesterday's (higher) closing price.
- A trusted lawyer friend, admittedly one who was being plied with beverages at the time, agrees with cif5000's assessment, i.e. in this case LKT can increase their holding % at the unconstrained pace they chose, and keep going until they have reached the "magical" 90% level. There is no statutory or legal constraint impeding the pace at which they can acquire further units.
RBM, Retired Botanic MatSalleh