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sgng123 Supreme	29-May-2016 14:59        sgng123 About Contact  Quote this Post!
x 1   x 0  Alert Admin	According to cma buyout plan shit would stretch to mid jul if everything go according to plan and they get 90%. Most likely would drag out till sep
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AndyLoss Master	29-May-2016 12:28        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea how long will this go on ... they have still not got the approvals :)
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sgng123 Supreme	27-May-2016 16:29        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The offer not officially yet as stiĺ l need us antitrust approval so wait patiently
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serious Master	27-May-2016 09:27        serious About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems no hedge fund wants to push price up above 1.30 to upset CMA deal .
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famouspinky Supreme	26-May-2016 12:48        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mgmt do not know what and when is national service and when is not. Plenty of mouths to feed with a lazy management makes everything worst. To solve this problem, peg the huge pay to the profit or loss..sinced it's GLC. snooty      ( Date: 26-May-2016 11:55) Posted: agree with you bro! and to think that a lot of pple, myself included, have been holding on to this counter for many years. haiz.. famouspinky      ( Date: 26-May-2016 10:25) Posted: Lots of people lost to incumbent mgmt.1.3 is rights issues px. Mgmt pay should be slashed by min 50
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jackson5 Master	26-May-2016 12:27        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buy other counter better returns than this.
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GoldNugget Elite	26-May-2016 12:25        GoldNugget About Contact  Quote this Post!
x 0   x 0  Alert Admin	if they up the offer price u gain ..... if not u lose brokerage only .... can gamble GoldNugget      ( Date: 26-May-2016 12:24) Posted: buy more lor .... jackson5      ( Date: 26-May-2016 12:22) Posted: Hold all the way for better price so as to lose less. My cost 1.68 . Impossible to win , now losing less is considered a bleessing to me .
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GoldNugget Elite	26-May-2016 12:24        GoldNugget About Contact  Quote this Post!
x 0   x 0  Alert Admin	buy more lor .... jackson5      ( Date: 26-May-2016 12:22) Posted: Hold all the way for better price so as to lose less. My cost 1.68 . Impossible to win , now losing less is considered a bleessing to me .
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jackson5 Master	26-May-2016 12:22        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hold all the way for better price so as to lose less. My cost 1.68 . Impossible to win , now losing less is considered a bleessing to me .
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snooty Senior	26-May-2016 11:55        snooty About Contact  Quote this Post!
x 0   x 0  Alert Admin	agree with you bro! and to think that a lot of pple, myself included, have been holding on to this counter for many years. haiz.. famouspinky      ( Date: 26-May-2016 10:25) Posted: Lots of people lost to incumbent mgmt.1.3 is rights issues px. Mgmt pay should be slashed by min 50% snooty      ( Date: 26-May-2016 09:53) Posted: Yupz, im holding mine too till e end, but my holdings not so big lah ahh.. Anyway, 1.3 is still at a loss to me, so no incentive for me to sell at  that price  in open market. Just hoping for offer revision. Also wondering at 1.3, how many pple will sell at a loss..
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famouspinky Supreme	26-May-2016 10:25        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lots of people lost to incumbent mgmt.1.3 is rights issues px. Mgmt pay should be slashed by min 50% snooty      ( Date: 26-May-2016 09:53) Posted: Yupz, im holding mine too till e end, but my holdings not so big lah ahh.. Anyway, 1.3 is still at a loss to me, so no incentive for me to sell at  that price  in open market. Just hoping for offer revision. Also wondering at 1.3, how many pple will sell at a loss..
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snooty Senior	26-May-2016 09:53        snooty About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yupz, im holding mine too till e end, but my holdings not so big lah ahh.. Anyway, 1.3 is still at a loss to me, so no incentive for me to sell at  that price  in open market. Just hoping for offer revision. Also wondering at 1.3, how many pple will sell at a loss..
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chemster Member	26-May-2016 00:02        chemster About Contact  Quote this Post!
x 0   x 0  Alert Admin	I've 20 lots. Shall wait and see. Anyway, the question now is are they allowed to voluntarily delist? And if they do, what are the implications? Don't expect $2... Nowhere close. It's good to expect increments, but don't be too greedy I think.
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flytony66 Member	25-May-2016 23:43        flytony66 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like a tough fight for cma to get 90%.. Could drag for months.. cma will drag this untill those hardcore cpf investor can tahan.. Anyway I do have some nol .. Am prepare to fight till the end..
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sgng123 Supreme	25-May-2016 23:11        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those who wanna out at 1.3 had so since open market u can q to seĺ l 1.3. Now left is hardcore rdy to die cpf investor big show building
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Tanahkow Senior	25-May-2016 23:07        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	My guess will be 1.352 to 1.35 for 1st revise and 1.38 to 1.4 for 2nd revise,  if more than 10% voted against the 1.3 offer on hand this will drag further for few months - both CMA may not want to wait and some minority sharehlders with no holding power also may not want to wait that long eaton1977      ( Date: 25-May-2016 17:34) Posted: Don't think can hit 90 percent if 1.30 only
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sgng123 Supreme	25-May-2016 20:20        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just need 11% minority shareholders to sink cma fat dream of buying cheap, it had been done beforein 2004 and it would be similiar . Cma would sink into deeper shit when banks supporting the deal know they had been conned.
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Tanahkow Senior	25-May-2016 18:56        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	They already offered 1.30 !!!!!!!!!!!!!!!!!!!      the only way to make them offer more is to vote against !    2.    SGX rules require a shareholders' meeting to be convened to vote on a delisting resolution.  To be successful, the resolution has to be (i) approved by a majority of shareholders representing at least 75% in value held by shareholders present and voting and (ii) not voted against by more than 10% in value held by shareholders present and voting.     flytony66      ( Date: 25-May-2016 17:23) Posted: let see how much CMA offer on 2 june ..sakali $1.30..haha.. Tanahkow      ( Date: 25-May-2016 16:15) Posted: Based on the guidance in the 7 Dec 15 circular, the estimated dates are: Event Estimated Date(s) Date of release of formal offer announcement (D) 2 Jun 2016 (latest) Date of despatch of offer document (E) - within 14-21 days from (D) 16 - 23 Jun 2016 Temasek to tender its 66.84% stake to CMA-CGM - 6th day from (E) 22 - 29 Jun 2016 First closing date of the Offer - (E) + 28 14 - 21 Jul 2016 - As of today, CMA-CGM has acquired 10.64% of NOL' s shares from the open market. Combined with Temasek' s eventual sale of its 66.84% stake, CMA-CGM will own c.77.5% of NOL. This puts it 12.5% short of the 90% threshold to require a mandatory de-listing. in the event that CMA-CGM does not acquire the necessary 90% for a delisting, it may seek a voluntary delisting instead of making a higher offer. This was indicated in its 7 Dec 15 circular, Paragraph 9.3 that it " reserves the right to seek a voluntary delisting of the Company from the SGX-ST pursuant to Rules 1307 and 1309 of the Listing Manual." . SGX has rules to safeguard the interests of minority shareholders in such an event.   2.    SGX rules require a shareholders' meeting to be convened to vote on a delisting resolution.  To be successful, the resolution has to be (i) approved by a majority of shareholders representing at least 75% in value held by shareholders present and voting and (ii) not voted against by more than 10% in value held by shareholders present and voting. 3.    SGX also requires that (i) a reasonable exit offer, which should normally be in cash, be provided and (ii) an independent financial adviser be appointed to advise shareholders on the exit offer.  4.    Taken together, these rules provide sufficient safeguard against  minority shareholders being  oppressed or forced to exit at unreasonable prices.        Minority shareholders, please show hands and attend in fullforce to make point 2ii above and vote against during the SGM in times to come, thats where you will make offer prices above 1.3
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Tanahkow Senior	25-May-2016 18:53        Tanahkow About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello, did you read or not ? in the event that CMA-CGM does not acquire the necessary 90% for a delisting, it may seek a voluntary delisting instead of making a higher offer. This was indicated in its 7 Dec 15 circular, Paragraph 9.3 that it " reserves the right to seek a voluntary delisting of the Company from the SGX-ST pursuant to Rules 1307 and 1309 of the Listing Manual." .     jackson5      ( Date: 25-May-2016 17:10) Posted: Cma must obtain 90% in order to delist NOL , or no need also can delist ?
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eaton1977 Member	25-May-2016 17:34        eaton1977 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't think can hit 90 percent if 1.30 only
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