08-06-2023, 08:04 PM
(This post was last modified: 08-06-2023, 08:09 PM by brattzz.
Edit Reason: it's real! :D
)
Hello all,
MOF, Acra accept proposals that make it harder to buy out minority shareholders in an offer, Capital Markets & Currencies - THE BUSINESS TIMES
Compulsory acquisition loophole back in spotlight as TTJ minorities get lowball offer, Columns - THE BUSINESS TIMES
It appears there are already concentrated efforts by bosses of sg listed companies to make low-ball offers to delist their companies before ACRA's unfair IPV regulation is revised,
Please find list of watch-list to enable investor to be aware of and monitor their actions as bosses finds their way out of this "fair" regulation before it comes in-force,
Please note that some pte funds are holding/working with these bosses too, so it will be good to know what they are doing,
Penguin
https://www.dividends.sg/view/BTM
2021 1st offer = 65cts
2023 2nd offer = 83cts + Dymon onboard - 82% wef 7th June 2023 - unlikely to succeed, pending IFA's recommendations
2024/25 Next offer? = definately more than 83cts!
Lian Beng
https://www.dividends.sg/view/L03
2023 1st offer = 68cts - 70.4% wef 7th June 2023 - unlikely to succeed
IFA = REJECT
2024/25 2nd offer = refer to Penguin as case study
Challenger
https://www.dividends.sg/view/573
2019 = 56cts offer
2023 = 58 cts offer again... 65% wef 5th June 2023
------------------------------------------------
Not much options left,
1) Reduce/depressed/stop dividends first,
2) Offer low-ball price, then see market reactions.. make revised offer if necessary using the reduced/depressed dividends, MOP up all loose shares as much as possible within this offer,
3) If cannot managed to get 90%, but very close...just let offer lapse, try again next year... repeat step 2.
Or,
4) do share placement to dilute the remaining 10% resistance, then offer again next year where there is no more resistance left.....
-------------------------------------------------
BT's Ben Paul! please write another article about this ACRA's UNFAIR IPV WAVE!! raise public awareness sir! thank you so much!
MOF, Acra accept proposals that make it harder to buy out minority shareholders in an offer, Capital Markets & Currencies - THE BUSINESS TIMES
Compulsory acquisition loophole back in spotlight as TTJ minorities get lowball offer, Columns - THE BUSINESS TIMES
It appears there are already concentrated efforts by bosses of sg listed companies to make low-ball offers to delist their companies before ACRA's unfair IPV regulation is revised,
Please find list of watch-list to enable investor to be aware of and monitor their actions as bosses finds their way out of this "fair" regulation before it comes in-force,
Please note that some pte funds are holding/working with these bosses too, so it will be good to know what they are doing,
Penguin
https://www.dividends.sg/view/BTM
2021 1st offer = 65cts
2023 2nd offer = 83cts + Dymon onboard - 82% wef 7th June 2023 - unlikely to succeed, pending IFA's recommendations
2024/25 Next offer? = definately more than 83cts!
Lian Beng
https://www.dividends.sg/view/L03
2023 1st offer = 68cts - 70.4% wef 7th June 2023 - unlikely to succeed
IFA = REJECT
2024/25 2nd offer = refer to Penguin as case study
Challenger
https://www.dividends.sg/view/573
2019 = 56cts offer
2023 = 58 cts offer again... 65% wef 5th June 2023
------------------------------------------------
Not much options left,
1) Reduce/depressed/stop dividends first,
2) Offer low-ball price, then see market reactions.. make revised offer if necessary using the reduced/depressed dividends, MOP up all loose shares as much as possible within this offer,
3) If cannot managed to get 90%, but very close...just let offer lapse, try again next year... repeat step 2.
Or,
4) do share placement to dilute the remaining 10% resistance, then offer again next year where there is no more resistance left.....
-------------------------------------------------
BT's Ben Paul! please write another article about this ACRA's UNFAIR IPV WAVE!! raise public awareness sir! thank you so much!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!