Zagro Asia

[pianist]

seems smell fishy.but couldn't spot the exact location.
such low ball offer, how come sgx never raise query?

[hailstorm87]

seems smell fishy.but couldn't spot the exact location.
such low ball offer, how come sgx never raise query?

Think you should read the Code on Take-overs and Mergers issued by the SIC and the Listing Manual first. Pretty sure the offer will be made in a manner that is in compliance with the Code and Listing Manual.

[AQ.]

I'll be voting against it as well.

[brattzz]

ok,

1) Low-ball offer
2) Reject

3) See the ID's recommendations,

To be frank, nothing much we can do since we do not have enough % anyway... so... hold on for a while and see what happen?

[kehyi4]

For what it's worth, I'll be voting 'no' as well. Just a small, small holding in Z01 ...

[dydx]

I hope PBS and his wife SD, their financial adviser RHB Securities Singapore, and Zagro Asia's IDs, are aware of our discussions in this forum. From the strong mood and feelings here against PBS's low-ball GO price and plan to push minority shareholders through a vote on the Delisting Resolution in the coming EGM, it appears to me that PBS should get an inkling now that he will likely lose face down in the eventual shareholders' vote. His supposedly smart advisers including those in RHB Securities Singapore may have to start thinking about a better plan.

Can you imagine RHB Securities and the IDs have to face with a barrage of sustained lethal shelling from minority shareholders in the coming EGM before the vote which would turn negative against PBS. RHB Securities and the IDs would have lost whatever reputation and market standing they have in this exercise.

[SpeedingBullet]

Bought it at 0.24, believe it's worth at least 0.35. Rejecting this offer as well, mgmt is trying to steal the company

[brattzz]

Can you imagine RHB Securities and the IDs have to face with a barrage of sustained lethal shelling from minority shareholders in the coming EGM before the vote which would turn negative against PBS. RHB Securities and the IDs would have lost whatever reputation and market standing they have in this exercise.

From previous experiences, TsitWing International, Eastern Holdings, etc.. 

I would think that the Advisers/IDs... unless they are really independent, which will be reflected in the ID Report, which we all look at... might not be really concerned about their reputation & market standings....

Sure, we can have fund managers making vocal appeals and pressures on them, BUT, it's to no avail, since they just ignore all the minorities anyway..

most important is still the % holdings.... to say "No, please try again" ...  

well, that's life i guess... BIG fish eat small fish...

[CityFarmer]

I hope PBS and his wife SD, their financial adviser RHB Securities Singapore, and Zagro Asia's IDs, are aware of our discussions in this forum. From the strong mood and feelings here against PBS's low-ball GO price and plan to push minority shareholders through a vote on the Delisting Resolution in the coming EGM, it appears to me that PBS should get an inkling now that he will likely lose face down in the eventual shareholders' vote. His supposedly smart advisers including those in RHB Securities Singapore may have to start thinking about a better plan.

Can you imagine RHB Securities and the IDs have to face with a barrage of sustained lethal shelling from minority shareholders in the coming EGM before the vote which would turn negative against PBS. RHB Securities and the IDs would have lost whatever reputation and market standing they have in this exercise.

RHB represented the offeror, and should look after their interest. I don't see anything wrong on RHB. Buy at lower price, is RHB mandate from its client. 

IDs should speak up. They should represent the company OPMIs. ID will present a report, along with IFA report.

(not vested, a busy body)

[brattzz]

lolz! CF!!

a busy body! haha! at least you are frank abt it! haha!

think it will be a drag, extend and re-extend process, to achieve the maximum holdings, then just withhold dividends for 2-3 years and then try delist again with a 30cts+2-3 yrs of withhold dividends... maybe 2018, 33cts offer..

hehehee...

Any fund managers holding this? can call for a gathering to count %, to see if sufficient to say "NO"?
we are all scatter sands at the moment...