Ossia International Limited

[dreamybear]

90% is not the target. 90% is only for listing requirements in order to maintain free float and prevent suspension.

Even if they reaches 90%, they will not be able to delist even with a "Fair and Reasonable" opinion from the IFA as they need 75% of independent shareholders to accept the offer for them for them to delist. Otherwise, the stock will be suspended due to insufficient free float but remain listed.

Speaking of which, i wonder about the timing, i.e. why offer now instead of before the changes to the compulsory acquisition requirements take place(I think last year ?) ? Wldn't it be easier for the offeror ?

I wld imagine such a corporate action wld have been in consideration for some time already ? Could it be funding issues, the share price, or ???

[money]

Hi money,
Do note $0.145 is just the first salvo. The Gohs' position now (as at 10Jul) is at 76.9%. Depending on acceptances by minority shareholders, the Gohs may have to raise their offer later in order to reach 90%.

The IFA opinion should be taken with a pinch of salt, as Asian Corporate Advisors is a small firm with just 2 professionals listed... https://regco.sgx.com/catalist-sponsors/...rs-pte-ltd  The fact that they didn't include or look into the publicly available financial and other information of the Harvey Norman SG & M'sia operations is a serious cause for concern to me.

Hi dydx, 

Thumbs up to this:
" The IFA opinion should be taken with a pinch of salt, as Asian Corporate Advisors is a small firm with just 2 professionals listed... https://regco.sgx.com/catalist-sponsors/...rs-pte-ltd  "

Quite interesting information on the background information. When millions of dollars are involved in an offer and you get IFA made advice to independent directors who then advice minority shareholders and there is no detailed discussion of Pertama Holdings and its profitability, i wonder what is going on. 

When something important and relevant isnt discussed in detail, how do minority shareholders get the whole picture to make a fair and reasonable decision?