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(28-03-2015, 11:08 AM)Stocker Wrote: They join hand to fight and resist Zhong from taking private, if offered price not right.
why can't they work together and low ball the minority?
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(28-03-2015, 11:43 AM)Stocker Wrote: (28-03-2015, 11:09 AM)opmi Wrote: (28-03-2015, 11:08 AM)Stocker Wrote: They join hand to fight and resist Zhong from taking private, if offered price not right.
why can't they work together and low ball the minority?
Aberdeen's holding about 10% , show time could be near.
As I said in the KEPC/KPLD thread, dont count on funds to actively fight.
Once suspended for no min free float, Aberdeen also need to tender their shares, despite whatever they can KP.
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^^ Min Free float is 10%. Cross that can suspend (not delist) already.
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28-03-2015, 12:51 PM
(This post was last modified: 28-03-2015, 01:02 PM by Stocker.)
if one of any substantial SHs just sell some to create more free float , just reduce holding to 49.9% will be as good as an increase of free float by 5%. Believe non of the BBs like to have suspension of their holdings also.
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Independent directors, smart investors, fund and controlling shareholder have made significant purchases of the shares of Yanlord over the last few years: Ng Ser Miang (ID), Ng Shin En (ID), Aberdeen Asset Management (Fund), Peter Lim Eng Hock and Kuo Khoon Hong (businessmen and shrewd investors) via Tezetto Capital, Wee Ee Chao (prominent banker) and Zhong Sheng Jian (controlling shareholder). As at 11 March 2014, the top 31 shareholders who hold more than 1 million shares each collectively own 94.28% stake in Yanlord. These are insiders and smart money and they must have seen significant value in Yanlord. What do they see in Yanlord? Potential privatization? Hidden value in its land bank? Strong earning from current projects? Strong growth potential over the next few years?
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Buyers are getting very impatient because available shares getting scarce .