Wheelock Properties

[matxhbox09]

Latest update:
http://infopub.sgx.com/FileOpen/WPSL_ANN...eID=529183

To summarize, the company has applied to waive the requirement for a delisting EGM and exit offer under the Listing Manual (Rule 1307 and Rule 1309 respectively), reasons being given in the link above. SGX has no objection to both applications.

So, there will not be an exit offer. Instead, the company will despatch Form 58 plus an acceptance form for remaining shareholders to exercise their rights to require the company to acquire their shares at offer price via Sales Right.

Therefore, please be reminded that the Sales Right is the last chance for remaining shareholders who wish to cash out their investment in the company before delisting. Once again, please be reminded that there will not be a compulsory acquisition as the offeror did not meet the condition for it at the close of the general offer. If you don't accept the Sales Right, the company will be delisted and you will be holding delisted shares of the company.

Anyone received the Form 58/ Sales Right already? I haven't.

Hi

Can shareholder accept the offer partially on what they hold? Or must it be a all the share they owned or nothing acceptance? 

For example, if I hold 1000 shares, I exercise my sale right using Form 58 to sell 999 shares to the offeror. Then I continue to hold 1 share in the delisted company. Possible?

Anyone knows?

Thanks!

[ghchua]

Can shareholder accept the offer partially on what they hold? Or must it be a all the share they owned or nothing acceptance? 

For example, if I hold 1000 shares, I exercise my sale right using Form 58 to sell 999 shares to the offeror. Then I continue to hold 1 share in the delisted company. Possible?

Anyone knows?

Thanks!

Yes. It is possible to do that.

[em2nre5u]

Has anyone received form 58/sales right already?

[ghchua]

Has anyone received form 58/sales right already?

Not yet.

[chialc88]

found this inside my letterbox. did you?
link

link1
link2
link3

Enjoy 林憶蓮 海闊天空 

[em2nre5u]

ya i received too. Is the witness really important? Still need to input their IC number. My parents won't understand what is this if I ask them to sign...

[chialc88]

Yes. no choice, need witness.



thank you everyone.
what a fantastic ride.

Goodbye and good luck to remaining Wheelock shareholders.

[ghchua]

ya i received too. Is the witness really important? Still need to input their IC number. My parents won't understand what is this if I ask them to sign...

You can go to the share registrar office and ask one of the staff there to be your witness. Then, you sign on the spot and submit the form with the share certificate attached.

[em2nre5u]

ya i received too. Is the witness really important? Still need to input their IC number. My parents won't understand what is this if I ask them to sign...

You can go to the share registrar office and ask one of the staff there to be your witness. Then, you sign on the spot and submit the form with the share certificate attached.

omg thank u so much ghchua!!. Also I didn't realise that the share cert needs to be submitted as well. Thank gdness i asked here.
Seems like they will send the proceeds via a cheque using ordinary mail. Just wondering what will happen if the cheque is lost in mail or somehow I didn't receive it?

[ghchua]

omg thank u so much ghchua!!. Also I didn't realise that the share cert needs to be submitted as well. Thank gdness i asked here.
Seems like they will send the proceeds via a cheque using ordinary mail. Just wondering what will happen if the cheque is lost in mail or somehow I didn't receive it?

Yes, they will send a cheque to you via ordinary mail within 7 business days after they have received your completed form. If the cheque is lost, you can always ask the share registrar to cancel the cheque and send you a new one.