Best World

[dreamybear]

No details are given on the exit offer price. Nor are the identity of the requisitioning members. So much for the corporate governance and transparency.

Hi Shiyi,

I am sure you have encountered cases on SGX, whereby companies came out to announce a possibility of a general offer without saying any offer price, after its share price had suddenly spiked up. Therefore, in this case, what they are saying is that they have decided on selective capital reduction as a delisting exercise. I guess details will be available later.

They have said they are seeking legal advice on the requisition. So, I think more details will be available later.

Regarding the price/details, I suppose there would be notice of EGM, Offer Circular documents, in time to come. 

But I still can't figure out - since BW announced that the intent is to provide fair and reasonable offer, wldn't the market adjust the trading prices accordingly once market opens on Mon ? In that case, wld't the IFA have to take into consideration the possibly higher trading prices for the "fair and reasonable" opinion ? 

Thanks very much ghchua for your comprehensive replies(esp different strategies part) to my post and I also deeply appreciate the pains you take to word it for easier understanding. 

I am not sure whether my understanding is correct - with regards to Section 215 of the Company's Act, the bill has gone to second reading but the Act still needs to be amended ?

https://www.acra.gov.sg/legislation/legi...)-act-2023

https://www.acra.gov.sg/docs/default-sou...0c999a.pdf