Dukang Distillers Holdings

[arriyana]

1. The transaction between Gao Feng and Wang Peng/Dong Wu was completed on 7th Dec 2013. Hence, the earliest date that Dukang can be bought over from the public, without initiating a GO at $0.474 is 7th Dec 2014 (10 months from now).

First, thanks for sharing. Highly appreciated! =)

Secondly, I was wondering what GO means?

Thirdly, Im trying to understand the semantics of this, since english is not my mother tongue. Does this mean that Feng/Peng/Wu can buy Dukang from the public before the 7th December, if and only if they initiate a GO at $0.474. And after the 7th December, they can initiate a GO at any price? Is this correctly understood?

You are welcomed.

2 good resources:
1. http://www.cnplaw.com/en/files/articles/...220610.pdf
2. http://www.mas.gov.sg/~/media/resource/s...nnex_2.pdf

GO means General Offer. Based on SGX rules shareholders initiate a GO when they have acquired 30% or more of the total shares, they have to make the offer at the highest price they used to acquired the shares, 6 months prior to the GO (I realize I made an error, the earliest date should be 7th June 2014, 4 months from now).

Yes, after 7th Jun 2014, they can initiate GO at any price.

I am also new to this, so fellow buddies, please help me spot my mistakes.

Also, there seems to be a glaring loophole, even if they do not act in concert right now (hence not triggering a GO), is it possible that they can "choose" to act in concert some point in future? What will happen then?

SGX has already ruled that the two parties are not acting in concert, therefore not required to issue a GO. If they choose to act in concert in future, there is nothing much SGX can do unless they flout SGX rules.