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rabbitfoot Master	16-Dec-2016 07:26        rabbitfoot About Contact  Quote this Post!
x 0   x 0  Alert Admin	iFA said offer fair only from financial standpoint, Donno why the news articles miss out these last 3 words  sheerluck      ( Date: 15-Dec-2016 17:45) Posted: IFA says take the offer.   What say you?
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sheerluck Supreme	15-Dec-2016 19:02        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	Unfortuantely market is no supportive of not accepting the offer. NoRiskNoGain      ( Date: 15-Dec-2016 18:57) Posted: 0.24 offer is a crap. Even at this oil depressed environment, there are more upside. Anything below 0.6 is just crap la. Really want cheat people money with such offer sheerluck      ( Date: 15-Dec-2016 17:45) Posted: IFA says take the offer.   What say you?
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NoRiskNoGain Veteran	15-Dec-2016 18:57        NoRiskNoGain About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.24 offer is a crap. Even at this oil depressed environment, there are more upside. Anything below 0.6 is just crap la. Really want cheat people money with such offer sheerluck      ( Date: 15-Dec-2016 17:45) Posted: IFA says take the offer.   What say you?
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sheerluck Supreme	15-Dec-2016 17:45        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	IFA says take the offer.   What say you?
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shyeo1223 Master	13-Dec-2016 16:54        shyeo1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This Fincantieri is really a mxxxn and ixxxt.  All because of their stupid offer Vard' s share price had to be suppressed despite rising oil prices.
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nooovva Member	12-Dec-2016 20:53        nooovva About Contact  Quote this Post!
x 0   x 0  Alert Admin	It' s 95.56% as Fin already owns ~56%. Under a general offer, if you want to ' reject' , you just do nothing. It is only when you want to accept the offer, then you send in your forms.
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NoRiskNoGain Veteran	12-Dec-2016 07:52        NoRiskNoGain About Contact  Quote this Post!
x 0   x 0  Alert Admin	I tot is 91% and shareholder need to reject the offer? Correct.me.if i am wrong cos my shares are with stand chart nooovva      ( Date: 12-Dec-2016 01:09) Posted: If you do not like the offer, DO NOTHING! The offer will only go through (i.e. everyone gets paid) if  Fincantieri gets  95.56% of shares. Any less than that, minority investors will win!
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nooovva Member	12-Dec-2016 01:09        nooovva About Contact  Quote this Post!
x 0   x 0  Alert Admin	If you do not like the offer, DO NOTHING! The offer will only go through (i.e. everyone gets paid) if  Fincantieri gets  95.56% of shares. Any less than that, minority investors will win!
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NoRiskNoGain Veteran	11-Dec-2016 19:02        NoRiskNoGain About Contact  Quote this Post!
x 0   x 0  Alert Admin	I just hope the they will not reach 90% for them to take over. This company is def worth double or even triple of 24c rabbitfoot      ( Date: 09-Dec-2016 21:22) Posted: Received the letter. No need to do anything regardless if the offer materialses or not.
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rabbitfoot Master	09-Dec-2016 21:22        rabbitfoot About Contact  Quote this Post!
x 0   x 0  Alert Admin	Received the letter. No need to do anything regardless if the offer materialses or not.
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Qanghoo Supreme	09-Dec-2016 16:24        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	The coy has already stated that it wld exercise its right of compulsory acquisition.  So, unlikely that anyone wld be left holding ' toilet paper' .  Zindarion      ( Date: 09-Dec-2016 15:53) Posted: Don't really understand whole thing. From what I know is, don't get into a situation that u still hold it until suspension/delist. It will turn your money into toilet paper. So hold to your last breath and accept when no extension of offer or before suspension. A lot of ppl bought at high price and showing anger of such offer. But this is what happening in SGX, nobody to blame. johnlim61      ( Date: 09-Dec-2016 15:44) Posted: 9.               COMPULSORY ACQUISITION   9.1             Compulsory Acquisition Rights. Pursuant to Section 215(1) of the Companies Act, if the Offeror receives valid acceptances pursuant to the Offer or acquires Offer Shares during the Offer period otherwise than through valid acceptances of the Offer in respect of not less than 90 per cent. of the total number of Shares (other than those already held by the Offeror, its related corporations and their respective nominees as at the Despatch Date), the Offeror will be entitled to exercise the right to compulsorily acquire all the Shares of the Shareholders who have not accepted the Offer (the &ldquo Dissenting Shareholders&rdquo ) on the same terms as those offered under the Offer.   In the event that the Offeror becomes entitled to exercise its right under Section 215(1) of the Companies Act to compulsorily acquire all the Offer Shares of the Dissenting Shareholders, the Offeror intends to exercise its right of compulsory acquisition. In such event, the Company will become a wholly-owned subsidiary of the Offeror pursuant to such compulsory acquisition and the Offeror will then proceed to delist VARD from the SGX-ST.   9.2             Dissenting Shareholders&rsquo Right. In addition, pursuant to Section 215(3) of the Companies Act, if the Offeror acquires such number of Shares which, together with the Shares held by it, its related corporations and their respective nominees, comprise 90 per cent. or more of the total number of Shares, the Dissenting Shareholders have a right to require the Offeror to acquire their Shares at the Offer Price. Dissenting Shareholders who wish to exercise such a right are advised to seek their own independent legal advice.   Sounds like they have to do a Compulsary Acquisition from those who have not accepted before they delist
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Zindarion Veteran	09-Dec-2016 15:53        Zindarion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don't really understand whole thing. From what I know is, don't get into a situation that u still hold it until suspension/delist. It will turn your money into toilet paper. So hold to your last breath and accept when no extension of offer or before suspension. A lot of ppl bought at high price and showing anger of such offer. But this is what happening in SGX, nobody to blame. johnlim61      ( Date: 09-Dec-2016 15:44) Posted: 9.               COMPULSORY ACQUISITION   9.1             Compulsory Acquisition Rights. Pursuant to Section 215(1) of the Companies Act, if the Offeror receives valid acceptances pursuant to the Offer or acquires Offer Shares during the Offer period otherwise than through valid acceptances of the Offer in respect of not less than 90 per cent. of the total number of Shares (other than those already held by the Offeror, its related corporations and their respective nominees as at the Despatch Date), the Offeror will be entitled to exercise the right to compulsorily acquire all the Shares of the Shareholders who have not accepted the Offer (the &ldquo Dissenting Shareholders&rdquo ) on the same terms as those offered under the Offer.   In the event that the Offeror becomes entitled to exercise its right under Section 215(1) of the Companies Act to compulsorily acquire all the Offer Shares of the Dissenting Shareholders, the Offeror intends to exercise its right of compulsory acquisition. In such event, the Company will become a wholly-owned subsidiary of the Offeror pursuant to such compulsory acquisition and the Offeror will then proceed to delist VARD from the SGX-ST.   9.2             Dissenting Shareholders&rsquo Right. In addition, pursuant to Section 215(3) of the Companies Act, if the Offeror acquires such number of Shares which, together with the Shares held by it, its related corporations and their respective nominees, comprise 90 per cent. or more of the total number of Shares, the Dissenting Shareholders have a right to require the Offeror to acquire their Shares at the Offer Price. Dissenting Shareholders who wish to exercise such a right are advised to seek their own independent legal advice.   Sounds like they have to do a Compulsary Acquisition from those who have not accepted before they delist Zindarion      ( Date: 09-Dec-2016 15:22) Posted: Once they acquire enough and reduce market float, then suspension will come. Right after suspension, your holding as good as toilet paper until the day whoever the investor on Vard decided to list again. You still hold the % of share in Vard really as Shareholders but no power if you holding is low. Nothing much you can do about it when low valuation comes to privatisation. This is SGX not Dow Jones. Nobody can be sure if the privatisation offer will be higher unless everyone felt should wait for better offer which only BB or major shareholders can help on this. Not retail like us
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johnlim61 Member	09-Dec-2016 15:44        johnlim61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	9.               COMPULSORY ACQUISITION   9.1             Compulsory Acquisition Rights. Pursuant to Section 215(1) of the Companies Act, if the Offeror receives valid acceptances pursuant to the Offer or acquires Offer Shares during the Offer period otherwise than through valid acceptances of the Offer in respect of not less than 90 per cent. of the total number of Shares (other than those already held by the Offeror, its related corporations and their respective nominees as at the Despatch Date), the Offeror will be entitled to exercise the right to compulsorily acquire all the Shares of the Shareholders who have not accepted the Offer (the &ldquo Dissenting Shareholders&rdquo ) on the same terms as those offered under the Offer.   In the event that the Offeror becomes entitled to exercise its right under Section 215(1) of the Companies Act to compulsorily acquire all the Offer Shares of the Dissenting Shareholders, the Offeror intends to exercise its right of compulsory acquisition. In such event, the Company will become a wholly-owned subsidiary of the Offeror pursuant to such compulsory acquisition and the Offeror will then proceed to delist VARD from the SGX-ST.   9.2             Dissenting Shareholders&rsquo Right. In addition, pursuant to Section 215(3) of the Companies Act, if the Offeror acquires such number of Shares which, together with the Shares held by it, its related corporations and their respective nominees, comprise 90 per cent. or more of the total number of Shares, the Dissenting Shareholders have a right to require the Offeror to acquire their Shares at the Offer Price. Dissenting Shareholders who wish to exercise such a right are advised to seek their own independent legal advice.   Sounds like they have to do a Compulsary Acquisition from those who have not accepted before they delist Zindarion      ( Date: 09-Dec-2016 15:22) Posted: Once they acquire enough and reduce market float, then suspension will come. Right after suspension, your holding as good as toilet paper until the day whoever the investor on Vard decided to list again. You still hold the % of share in Vard really as Shareholders but no power if you holding is low. Nothing much you can do about it when low valuation comes to privatisation. This is SGX not Dow Jones. Nobody can be sure if the privatisation offer will be higher unless everyone felt should wait for better offer which only BB or major shareholders can help on this. Not retail like us. johnlim61      ( Date: 09-Dec-2016 13:48) Posted: Can someone help to explain if we dont accept the offer now, is there a risk of it being delisted and end up stuck with the share and not able to trade ? or acquirer will have to come back again to do another offer prior to delisting ? Thanks.
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Zindarion Veteran	09-Dec-2016 15:22        Zindarion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once they acquire enough and reduce market float, then suspension will come. Right after suspension, your holding as good as toilet paper until the day whoever the investor on Vard decided to list again. You still hold the % of share in Vard really as Shareholders but no power if you holding is low. Nothing much you can do about it when low valuation comes to privatisation. This is SGX not Dow Jones. Nobody can be sure if the privatisation offer will be higher unless everyone felt should wait for better offer which only BB or major shareholders can help on this. Not retail like us. johnlim61      ( Date: 09-Dec-2016 13:48) Posted: Can someone help to explain if we dont accept the offer now, is there a risk of it being delisted and end up stuck with the share and not able to trade ? or acquirer will have to come back again to do another offer prior to delisting ? Thanks.
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sheerluck Supreme	09-Dec-2016 13:56        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	好 样 的 ! shyeo1223      ( Date: 09-Dec-2016 13:18) Posted: I just tore the offer yesterday night LOL
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johnlim61 Member	09-Dec-2016 13:48        johnlim61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can someone help to explain if we dont accept the offer now, is there a risk of it being delisted and end up stuck with the share and not able to trade ? or acquirer will have to come back again to do another offer prior to delisting ? Thanks.
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shyeo1223 Master	09-Dec-2016 13:18        shyeo1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I just tore the offer yesterday night LOL
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johnlim61 Member	08-Dec-2016 23:06        johnlim61 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree that the offer is relatively low.   1) Have Indep Fin Advisor commented ? what was the comment ? 2) Received letter that the offer has become " Unconditional" . Can someone help to explain what does that mean ? 3) If we dont accept now, and later the acquirer decide to delist the company from SGX, what will happen to those of us who do not accept the offer now ? Thanks
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Davidson Senior	08-Dec-2016 22:37        Davidson About Contact  Quote this Post!
x 0   x 0  Alert Admin	Vard share holder. I have received letter they are buying over my share at 0.24 cents very very low price. Hv u guys agree to sell it to them. Thanks & advise
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alexchew Master	07-Dec-2016 17:26        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	nice to see so many declaring they not selling. interesting to see what happens if they dont increase the offer price.
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