Singapore Reinsurance

[pianist]

I guess once it reached compulsory acquisition level, minorities will have no choice but to accept the offer. I have tried to resist it until the end, but I guess it is what it is.

How did u tried to resist it until the end? By accepting the offer even before it reaches the 90% compulsory acquisition threshold? If so, that is not even trying to resist in my view

[ghchua]

How did u tried to resist it until the end? By accepting the offer even before it reaches the 90% compulsory acquisition threshold? If so, that is not even trying to resist in my view

I accepted the offer after it reaches the compulsory acquisition threshold but before the offer closes. There is no point waiting for the offer to close and for them to compulsory acquire your shares at offer price. This is because essentially, they will be paying you the same price and you get your proceeds later as they have a process to go through before they can compulsory acquire your shares and pay you off at a later date.