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alexchew Master	17-Feb-2017 09:51        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	i dont think there is any limit to the number of extensions they can do. They can simply do it all the way, and the price will always be capped tthsteve      ( Date: 17-Feb-2017 09:49) Posted: Alamak!   This is like playing masak masak. Suka suka leh.  intrinsic_play      ( Date: 17-Feb-2017 00:27) Posted: They are playing the waiting game... see who burge first, them or retail investors. I think they are betting on investors, who at the end, may feel they had enough and accept the offer to get back their cash
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tthsteve Member	17-Feb-2017 09:49        tthsteve About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alamak!   This is like playing masak masak. Suka suka leh.  intrinsic_play      ( Date: 17-Feb-2017 00:27) Posted: They are playing the waiting game... see who burge first, them or retail investors. I think they are betting on investors, who at the end, may feel they had enough and accept the offer to get back their cash. katak88      ( Date: 16-Feb-2017 18:50) Posted: EXTENSION OF CLOSING DATE ANNOUNCEMENT 2. EXTENSION OF CLOSING DATE Credit Suisse wishes to announce, for and on behalf of the Offeror, that the Closing Date for the Offer is extended from 5.30 p.m. (Singapore time) on 16 February 2017 to 5.30 p.m. (Singapore time) on 10 March 2017 or such later date(s) as may be announced from time to time by or on behalf of the Offeror. Accordingly, the Offer shall close at 5.30 p.m. (Singapore time) on 10 March 2017 or such later date(s) as may be announced from time to time by or on behalf of the Offeror. All other terms of the Offer set out in the Offer Document remain unchanged.Â
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intrinsic_play Member	17-Feb-2017 00:27        intrinsic_play About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	They are playing the waiting game... see who burge first, them or retail investors. I think they are betting on investors, who at the end, may feel they had enough and accept the offer to get back their cash. katak88      ( Date: 16-Feb-2017 18:50) Posted: EXTENSION OF CLOSING DATE ANNOUNCEMENT 2. EXTENSION OF CLOSING DATE Credit Suisse wishes to announce, for and on behalf of the Offeror, that the Closing Date for the Offer is extended from 5.30 p.m. (Singapore time) on 16 February 2017 to 5.30 p.m. (Singapore time) on 10 March 2017 or such later date(s) as may be announced from time to time by or on behalf of the Offeror. Accordingly, the Offer shall close at 5.30 p.m. (Singapore time) on 10 March 2017 or such later date(s) as may be announced from time to time by or on behalf of the Offeror. All other terms of the Offer set out in the Offer Document remain unchanged.Â
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katak88 Master	16-Feb-2017 18:50        katak88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	EXTENSION OF CLOSING DATE ANNOUNCEMENT 2. EXTENSION OF CLOSING DATE Credit Suisse wishes to announce, for and on behalf of the Offeror, that the Closing Date for the Offer is extended from 5.30 p.m. (Singapore time) on 16 February 2017 to 5.30 p.m. (Singapore time) on 10 March 2017 or such later date(s) as may be announced from time to time by or on behalf of the Offeror. Accordingly, the Offer shall close at 5.30 p.m. (Singapore time) on 10 March 2017 or such later date(s) as may be announced from time to time by or on behalf of the Offeror. All other terms of the Offer set out in the Offer Document remain unchanged.Â
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alexchew Master	16-Feb-2017 17:15        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	why complain such things? SGX is considering allowing dual class shares listing...  shadow      ( Date: 16-Feb-2017 15:14) Posted: Write to those today/business times forum column... Should make it publicly known that such actions of unlevel playing feild our world class exchange  cannot condone. SGX/MAS cannot condone any such behaviour of its member taking advantage of its minority shareholders.
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rabbitfoot Master	16-Feb-2017 17:13        rabbitfoot About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for your effort   Holland      ( Date: 16-Feb-2017 17:11) Posted:   I have complained to MAS(email) as supervisor of the stock market I suggest everyone does- email is below. This is the utomated response : Thank you for your email to the MAS. We will work towards responding to you  within 7 working days where you have posed a question to us or where follow up is needed.  We may need more time to respond to you,  depending on the nature and complexity of the issues that you have raised.  If more time is needed, we will get in touch with you to let you know.  In the meantime, you may wish to use the " Search" function found at the top right-hand corner of the MAS' website to search for the information you require. This email is for your information only. Please do not reply to this message Thank you Regards, Corporate Communications Division Monetary Authority of Singapore Email:  [email protected]
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Holland Member	16-Feb-2017 17:11        Holland About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have complained to MAS(email) as supervisor of the stock market I suggest everyone does- email is below. This is the utomated response : Thank you for your email to the MAS. We will work towards responding to you  within 7 working days where you have posed a question to us or where follow up is needed.  We may need more time to respond to you,  depending on the nature and complexity of the issues that you have raised.  If more time is needed, we will get in touch with you to let you know.  In the meantime, you may wish to use the " Search" function found at the top right-hand corner of the MAS' website to search for the information you require. This email is for your information only. Please do not reply to this message Thank you Regards, Corporate Communications Division Monetary Authority of Singapore Email:  [email protected]
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cumulus Member	16-Feb-2017 15:20        cumulus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I emailed SGX at [email protected] but for MAS I called this number:    6225-5577.
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shadow Veteran	16-Feb-2017 15:14        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Write to those today/business times forum column... Should make it publicly known that such actions of unlevel playing feild our world class exchange  cannot condone. SGX/MAS cannot condone any such behaviour of its member taking advantage of its minority shareholders.
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hyekyo88 Senior	16-Feb-2017 15:11        hyekyo88 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I also want to write. Damn stupid SGX doing nothing for minor shareholders. Singapore stock market is in current situation because of them?!  Thanks to them for all the stupid rules.. e.g. 20 cents & above trading... Dostalgia      ( Date: 16-Feb-2017 15:07) Posted: What is the email of MAS/SGX to write to?
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Dostalgia Member	16-Feb-2017 15:07        Dostalgia About Contact  Quote this Post!
x 0   x 0  Alert Admin	What is the email of MAS/SGX to write to?
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cumulus Member	16-Feb-2017 15:03        cumulus About Contact  Quote this Post!
x 0   x 0  Alert Admin	MAS has responded to me and said they are looking into the matter. SGX no response - surprise surprise. shadow      ( Date: 16-Feb-2017 14:55) Posted: Write  to SGX got use meh ????  SGX can' t be bothered  with minority shareholders interest. SIAS voice out in article, nothing happen also so far. ' Dissenting' minority shareholders need to find its own way to voice our unhappiness! Put up some kind of petition to end this nonsense - extension and extension to no end again! Or just throw in the towel to them and forget about the whole thing is a waste of time at the end nothing going to be heard or done to change the situation.     cumulus      ( Date: 16-Feb-2017 10:39) Posted: I would not assume that MVN is a hedge fund acting for its own interest and trying to make a quick buck out of this situation. After all the dealings disclosure states that it is an associate of Vard. Rule 21 of Takeover Code states that " If an offeror or any person acting in concert with it buys securities in the offeree company at above the offer price (being the then current value of the offer during the offer period), it must increase its offer to not less than the highest price paid for any securities so acquired." If I am interpreting this correctly, doesn' t it mean that Fincantieri has to raise its offer price given that MVN is an associate of Vard and Vard is a subsidiary of Fincantieri (given its > 50% stake). That should qualify as " acting in concert" doesn' t it? I have written/called SGX and MAS on this. Let' s see what they say. I encourage other minority shareholders here to do the same. The regulators are obviously not doing their job.
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cumulus Member	16-Feb-2017 15:01        cumulus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see. If that' s true, then MVN is actually helping minority shareholders' cause. Hopefully Fincantieri will wake up and realise the repeated extensions is not going to help them at all. But seriously SGX should do something about this sorry state of affairs. nooovva      ( Date: 16-Feb-2017 14:16) Posted: Hi cumulus, the definition of " associate" under the Takeover Code includes " investment company" or " a holder of 5% or more of the shares" Believe this is why MVN has to disclose and why Offeror does not need to increase offer price. MVN and Offeror are not concert parties.
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shadow Veteran	16-Feb-2017 14:55        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Write  to SGX got use meh ????  SGX can' t be bothered  with minority shareholders interest. SIAS voice out in article, nothing happen also so far. ' Dissenting' minority shareholders need to find its own way to voice our unhappiness! Put up some kind of petition to end this nonsense - extension and extension to no end again! Or just throw in the towel to them and forget about the whole thing is a waste of time at the end nothing going to be heard or done to change the situation.     cumulus      ( Date: 16-Feb-2017 10:39) Posted: I would not assume that MVN is a hedge fund acting for its own interest and trying to make a quick buck out of this situation. After all the dealings disclosure states that it is an associate of Vard. Rule 21 of Takeover Code states that " If an offeror or any person acting in concert with it buys securities in the offeree company at above the offer price (being the then current value of the offer during the offer period), it must increase its offer to not less than the highest price paid for any securities so acquired." If I am interpreting this correctly, doesn' t it mean that Fincantieri has to raise its offer price given that MVN is an associate of Vard and Vard is a subsidiary of Fincantieri (given its > 50% stake). That should qualify as " acting in concert" doesn' t it? I have written/called SGX and MAS on this. Let' s see what they say. I encourage other minority shareholders here to do the same. The regulators are obviously not doing their job.
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shadow Veteran	16-Feb-2017 14:49        shadow About Contact  Quote this Post!
x 0   x 0  Alert Admin	as expected another extension... why not just just put it to infinite date better until they are happy . SGX anyway is sleeping ! This is obviousy a loophole . Why SGX never query can like that extension forever. Isn' t any SGX provision stating a limit to such extension. Only our world class exchange will  allows minority shareholders to be taken advantage like this. Sigh !!! SGX regulators is a failure ! sheerluck      ( Date: 16-Feb-2017 14:07) Posted: Another extension.   Till 10 March.   Think Fincenteri really dying to take VARD private.   This is likely to push price higher again.
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sheerluck Supreme	16-Feb-2017 14:40        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	With market price way above offer price, no way people will accept.   Dont know why they still want to extend?   sriramanv      ( Date: 16-Feb-2017 14:33) Posted: in this way, they cannot take private unless increase the offer... likely mvn will buy more again now...   sheerluck      ( Date: 16-Feb-2017 14:07) Posted: Another extension.   Till 10 March.   Think Fincenteri really dying to take VARD private.   This is likely to push price higher again.
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sriramanv Master	16-Feb-2017 14:33        sriramanv About Contact  Quote this Post!
x 0   x 0  Alert Admin	in this way, they cannot take private unless increase the offer... likely mvn will buy more again now...   sheerluck      ( Date: 16-Feb-2017 14:07) Posted: Another extension.   Till 10 March.   Think Fincenteri really dying to take VARD private.   This is likely to push price higher again.
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nooovva Member	16-Feb-2017 14:16        nooovva About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi cumulus, the definition of " associate" under the Takeover Code includes " investment company" or " a holder of 5% or more of the shares" Believe this is why MVN has to disclose and why Offeror does not need to increase offer price. MVN and Offeror are not concert parties.
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sheerluck Supreme	16-Feb-2017 14:07        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Another extension.   Till 10 March.   Think Fincenteri really dying to take VARD private.   This is likely to push price higher again.
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cumulus Member	16-Feb-2017 10:39        cumulus About Contact  Quote this Post!
x 1   x 0  Alert Admin	I would not assume that MVN is a hedge fund acting for its own interest and trying to make a quick buck out of this situation. After all the dealings disclosure states that it is an associate of Vard. Rule 21 of Takeover Code states that " If an offeror or any person acting in concert with it buys securities in the offeree company at above the offer price (being the then current value of the offer during the offer period), it must increase its offer to not less than the highest price paid for any securities so acquired." If I am interpreting this correctly, doesn' t it mean that Fincantieri has to raise its offer price given that MVN is an associate of Vard and Vard is a subsidiary of Fincantieri (given its > 50% stake). That should qualify as " acting in concert" doesn' t it? I have written/called SGX and MAS on this. Let' s see what they say. I encourage other minority shareholders here to do the same. The regulators are obviously not doing their job.
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