Food Junction

[dydx]

Accordingly, as at 5.00 p.m. (Singapore time) on 5 August 2013, the total number of (a)
Shares owned, controlled or agreed to be acquired by the Offeror and its Concert Parties and
(b) valid acceptances of the Offer, amount to an aggregate of 103,935,604 Shares,
representing approximately 85.19% of the total number of Shares.

seems like game over?

I think there are another 14.81% out there hopefully held by mainly strong-willed minority shareholders - me included - waiting for this GO to end (by latest 24Aug13?) and failing to cross the all-important 90% mark, so that FJ will remain listed, and Auric will have to launch a 2nd-attempt GO in the not to distant future in order to try to privatize FJ again.

In the event of a 2nd-attempt GO, there is little doubt in my mind Auric will have to be prepared to pay a much higher and more acceptable price, unless Saw Phaik Hwa chooses to run FJ's businesses further to the ground!

[pianist]

dydx, i think it is 4.81% not 14.81%?

alamak, if your post appears earlier, i would also have held onto my hundreds over lots..

next time can give yr signal early pls? i will gladly follow suit for sure..

[dydx]

dydx, i think it is 4.81% not 14.81%?

alamak, if your post appears earlier, i would also have held onto my hundreds over lots..

next time can give yr signal early pls? i will gladly follow suit for sure..

There are still 14.81% (i.e., 100% - 85.19%) held under minority shareholders out there, and the next 4.81% may likely turn out to be "Auric having to climb a steep and fortified hill within less than 20 days!"

In a GO situation, every shareholder has to make his own decision. Why the remaining minority shareholders have not tendered in or sold their shares? I guess the main reason being the GO price at $0.255/share - valuing the entire well-established FJ Group's businesses at a mere $31.1m! - is way too low, and therefore unacceptable to them. And we must not forget that in 2008, Auric paid $0.55/share in its Voluntary Conditional Cash Partial Offer to acquire its first 29.9% stake in FJ.

[level13]

Game over!

http://infopub.sgx.com/FileOpen/130814_F...eID=252200

Although i am also not happy at the delisting offer, there is nothing much retail investors can do.

[pianist]

Accordingly, as at 5.00 p.m. (Singapore time) on 13 August 2013, the Offeror and its concert parties owned 110,910,008 Shares in aggregate, representing approximately 90.90% of the issued share capital of the Company.

Accordingly, pursuant to Rule 1303(1) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”), trading in the Shares on the SGX-ST will be suspended with effect from the close of the Offer – in other words, the last day for trading of the Shares on the SGX-ST is today, 14 August 2013.

if they fix the last trading as today, and after close of today, those retail investors who forgot to sell today, how are they gg to exit later? dydx how r u gg to exit?

[Contrarian]

> I guess the main reason being the GO price at $0.255/share - valuing the entire well-established FJ
> Group's businesses at a mere $31.1m! - is way too low, and therefore unacceptable to them.

When a company plans to delist a company, they will do everything to make the target company cheap. In this case food junction is also owned by Auric. Just make a few quarter losses, no dividends, and war over.

Even some cases, a fund manager will give up by not fighting. Those who have 10% stake in a company, will find it very hard to find buyers esp the small companies.

Lesson is: dont fight the majority. Just run and cut one's losses. Most times you are better off. The exception is if you have a priced asset that some others jump in, or they dont have big stake, and it is expensive for them to keep chasing to reach 90%.