13-05-2014, 02:59 PM
(13-05-2014, 02:28 PM)Temperament Wrote: http://infopub.sgx.com/FileOpen/Pamphlet...eID=296825
With Reference to the above, page 4, article No. 6 -Compulsory Acquisition
If this term still applicable, what's the problem of holding out?
Unless you need the money for something?
And article 7- Unconditional - if it happens, we can do nothing about it.
Why worry about holding out?
Both applicable but what if at the end of the offer, CL is holding onto for example, 92% of total shares. Then those who did not accept would end up holding delisted CMA shares since CL would not have the right to compulsory acquire the remaining 8% (since acceptance is less than 90%)