The Hour Glass

[Choon]

https://links.sgx.com/FileOpen/Proposed%...eID=683197

How should this announcement be interpreted?

A general notice to summarise and highlight implications?

Or something's brewing?

I think the point of the announcement is in the paragraph below and more specifically highlighted in BOLD.

So my read is that nothing is brewing - just a preemptive clarification.

No takeover in the near future - coy will continue to be listed. 


"Additionally, as TYC, Amstay and AMS and the Directors presumed to be acting in concert with them collectively already hold more than 50% of the issued voting share capital of the Company, purchases or acquisitions of Shares by the Company pursuant to the Share Purchase Mandate will not result in the Directors (or any of them) and/or TYC, Amstay and AMS incurring an obligation to make a mandatory take-over offer under Rule 14 read with Appendix 2 of the Take-over Code."