Tsit Wing International

[wsreader]

This offer was triggered by Wong acquiring 20mil shares (approx 9.39%). If the shares were all from one seller, the seller must be a substantial shareholder. So far there was no "change in interest of substantial shareholders" announcement in the sgx website, so the sellers could be more than one non-substantial shareholders?

Incidentally, the company had placed out 20mil shares in Apr 2011 at $0.245. Minority shareholders were not allotted the placement shares then, missing out the chance to enjoy a windfall today.
The offer also came after a year without a final dividend. Not really a nice treatment of the minority shareholders.