Spindex Industries

[julianbream]

Tan Choo Pie is really something - he managed to convince seasoned, astute, professional shareholders like Yeo Seng Chong (and perhaps, presumably, Lie Khin Sin) to sell to him at the cheap price of 85cents. Now, having crossed the 50% mark, all he needs to do is stand his ground and tell the 3 interested parties he is not going to sell to them at any price. The 3 parties will be very likely discouraged from making any offer as a result, when they know that they cannot get the whole company.
Then, Tan Choo Pie, having crossed 50%, will simply acquire all of Spindex compulsorily from everyone, under the GO. As far as I'm concerned, the case is pretty much closed, thanks to these guys who did off-market deals with Tan Choo Pie.

I met Tan Choo Pie and his son more than once at AGMs. They seemed really nice. I guess where money and business is concerned, there's no need to stand on ceremony. Sigh... the big boys always win.