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15-03-2023, 02:46 PM
(15-03-2023, 01:40 PM)ghchua Wrote: Hi setan,
I think I have explained on post #286 of this topic on the options that the offeror have if this GO to delist Boustead Projects failed. Please refer back as I do not wish to repeat myself again.
As for suspension, it won't be forever. Either they restore the free float back to the listing requirements, or they would be directed to delist. As long as you are listed, you will have to pay listing fees.
The offer will not lapse as it is already unconditional. So, shareholders who accepted the offer will be paid accordingly. However, delisting will not occur after this offer closes as they did not get a "Fair and Reasonable" opinion from the IFA, which is one of the requirements for delisting. Also, they did not avail themselves for compulsory acquisition.
Hope that the above clarifies.
Hi ghchua,
Do I understand correctly that:
BP can't delist now but they can be suspended then directed to delist later?
Isn't this like (sorry, for lack of better term) LPPL!!!
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".