Boustead Projects

[ghchua]

Thanks. That really clarifies.  No where in the document does it say about 75%. This really STINKS big time. I have lost all respect for FF Wong. Like most VB, I’m a long term holder of Boustead and BP.  This sucks as there is no protection for minority shareholders like us. 

Really at a lost now…

The offer announcement is not a document. They will dispatch the offer document later to all shareholders. Anyway, for delisting, it is under listing rules and you can refer to SGX listing rules and the link below:
https://www.sgxgroup.com/media-centre/20...older-vote

Protection? I guess there is a certain level here because we are talking about 75% of independent shareholders. And the IFA opinion must be "Fair and Reasonable". Opinions like "Not Fair but Reasonable" no longer been able to justify a delisting under the new rule. So, it is a step higher than the previous listing rules, though I agree that there are room for improvement.