Post Reply
181-200 of 493
This means that the remaining minority shareholders of Great Eastern ?are now faced with the decision to accept an offer deemed unfair by the independent financial adviser, or potentially could find their hard-earned money locked up in an unlisted company for a long period of time?, said Mr Gerald of SIAS.
"As SIAS monitors the investors? sentiment on this issue, it is hoped by (Great Eastern?s) shareholders that OCBC reconsiders its position in light of the independent financial adviser's findings and the spirit of fair dealings by a financial institution,? he added.
Tough call for GE holders. Best to seek independent advice from the pros.
MrBear12 ( Date: 24-Jun-2024 19:47) Posted:
| Do note "if the company has acquired more than 90 per cent share holdings, it will be suspended for a period of time and shareholders who have not submitted their shares, regardless or not if they are agreeable to the offer price, will not be able to trade and their monies are locked up for a period of time,? wrote Mr Gerald on ocbc acquisition of ge. |
|
Do note "if the company has acquired more than 90 per cent share holdings, it will be suspended for a period of time and shareholders who have not submitted their shares, regardless or not if they are agreeable to the offer price, will not be able to trade and their monies are locked up for a period of time,? wrote Mr Gerald on ocbc acquisition of ge.
He is on a gangsters' holiday.
Godwinlow ( Date: 24-Jun-2024 19:26) Posted:
Where are you aragosta?
Godwinlow ( Date: 24-Jun-2024 14:16) Posted:
| Ya a few people mentioned that this ah gua like to talk gangsterism stuff. My image of gangsters are very tough and with big balls. How come he in the process of gangsterism, balls became smaller? Or gangster also become rainbow ribbon already. |
|
|
|
Where are you
aragosta?Godwinlow ( Date: 24-Jun-2024 14:16) Posted:
Ya a few people mentioned that this ah gua like to talk gangsterism stuff. My image of gangsters are very tough and with big balls. How come he in the process of gangsterism, balls became smaller? Or gangster also become rainbow ribbon already.
eddyeddy ( Date: 24-Jun-2024 11:47) Posted:
| He talked very garang in many chat group , want to impress people with his gangster connections. |
|
|
|
No more keeping of Shares. Compulsorily acquired. End of an era of public listing.
tonytony ( Date: 24-Jun-2024 17:52) Posted:
| We don't surrender to ocbc , keep our shares , this will be the torn in the ashhhh of ocbc. |
|
Probably crossed already.
Ready for delisting
eddyeddy ( Date: 24-Jun-2024 17:50) Posted:
| Some BBs are buying above offer price to stop ocbc from crossing 90% |
|
We don't surrender to ocbc , keep our shares , this will be the torn in the ashhhh of ocbc.
Some BBs are buying above offer price to stop ocbc from crossing 90%
Thanks for the correction @Fairshake.
GEH just announced that they will be releasing the financial results before 31 Jul. Looking forward to the interim dividend.
FairShake ( Date: 24-Jun-2024 17:39) Posted:
You have been ill-advised. OCBC cannot buy any GEH shares on or off market at prices above $25.60.
The Take-Over Code is very clear:
20.2 No increase statements
If the offeror or a person on behalf of the offeror has made a " no increase" statement and it is not withdrawn immediately if incorrect, the offeror will not be allowed subsequently to amend the terms of the offer in any way even if the amendment would not result in an increase in the value of the offer, except in wholly exceptional circumstances or where the right to do so has been specifically reserved.
Ad nauseam, even after OCBC crossed 90%, GEH will only be suspended at the close of the Offer on 12 July 2024, not any sooner. Rule 1303(1). Wonder why it is so hard to grasp this fact?!
Luckygal ( Date: 24-Jun-2024 17:00) Posted:
I was told that OCBC is allowed to buy from the market at price above $25.60. With more than 600,000 shares traded, we might see the counter being suspended tomorrow.
|
|
|
|
You have been ill-advised. OCBC
cannot buy any GEH shares on or off market at prices above $25.60.
The Take-Over Code is very clear:
20.2 No increase statements
If the offeror or a person on behalf of the offeror has made a " no increase" statement and it is not withdrawn immediately if incorrect, the offeror will not be allowed subsequently to amend the terms of the offer in any way even if the amendment would not result in an increase in the value of the offer, except in wholly exceptional circumstances or where the right to do so has been specifically reserved.
Ad nauseam, even after OCBC crossed 90%, GEH will only be suspended at the close of the Offer on 12 July 2024, not any sooner. Rule 1303(1). Wonder why it is so hard to grasp this fact?!
Luckygal ( Date: 24-Jun-2024 17:00) Posted:
I was told that OCBC is allowed to buy from the market at price above $25.60. With more than 600,000 shares traded, we might see the counter being suspended tomorrow.
|
|
I was told that OCBC is allowed to buy from the market at price above $25.60. With more than 600,000 shares traded, we might see the counter being suspended tomorrow.
Don' t worry. Last min on sales. That' s why people are buying up. The acceptance level is too close to 90%. OCBC will hit 90%. No worries. Let' s wait for suspension
FairShake ( Date: 24-Jun-2024 14:54) Posted:
Watching with deep concern as GEH trades above the Offer price of $25.60. When this happens, OCBC is unable to buy any shares in the market. Important reminder: No Buys means No daily report or updates on acceptance level, unless its holdings rose above 90%, which then becomes mandatory to announce.
As of 23 Jun 2024, OCBC and Concert Parties only have control over 425,602,373 shares or 89.92%.
The 90.08% holdings mentioned under point 3.2 in yest announcement seems like some sort of computational error. It still needs another 438,789 to hit 90%.
Anyone buying GEH now hoping for a higher EXIT Offer will do well to wait till it crosses the 90% mark.
Under SGX Rule Book 1303 (1):
(1) If the percentage of an issuer' s total number of issued shares excluding treasury shares held in public hands falls below 10%, as provided in Rule 723. In a take-over situation, where the Offeror succeeds in garnering acceptances exceeding 90% of the issuer' s total number of issued shares excluding treasury shares, thus causing the percentage of an issuer' s total number of issued shares excluding treasury shares held in public hands to fall below 10%, the Exchange will suspend trading of the listed securities of the issuer only at the close of the take-over offer
So there is ample to buy if you are so inclined, but only after 90% is breached.
Vested, DYODD |
|
I think OCBC will likely be able to gallant 90% in not too distant with only 0.08% to go basing on past shareholder acceptance and the large number of remaining units with minorities. They will then have to announce their shareholding situation.
Vested, DYODD
Could the current trades above Offer price is done by OCBC? Could it be crepping by OCBC such that when they achieve 90% threshold? Just wondering...
Watching with deep concern as GEH trades above the Offer price of $25.60. When this happens, OCBC is unable to buy any shares in the market.
Important reminder: No Buys means No daily report or updates on acceptance level, unless its holdings rose above 90%, which then becomes mandatory to announce.
As of 23 Jun 2024, OCBC and Concert Parties only have control over 425,602,373 shares or 89.92%.
The 90.08% holdings mentioned under point 3.2 in yest announcement seems like some sort of computational error. It still needs another
438,789 to hit 90%.
Anyone buying GEH now hoping for a higher EXIT Offer will do well to wait till it crosses the 90% mark.
Under SGX Rule Book 1303 (1):
(1)
If the percentage of an issuer' s total number of issued shares excluding treasury shares held in public hands falls below 10%, as provided in Rule 723. In a take-over situation, where the Offeror succeeds in garnering acceptances exceeding 90% of the issuer' s total number of issued shares excluding treasury shares, thus causing the percentage of an issuer' s total number of issued shares excluding treasury shares held in public hands to fall below 10%, the Exchange will suspend trading of the listed securities of the issuer only at the close of the take-over offer
So there is ample to buy if you are so inclined, but only after 90% is breached.
Vested, DYODD
Ya a few people mentioned that this ah gua like to talk gangsterism stuff. My image of gangsters are very tough and with big balls. How come he in the process of gangsterism, balls became smaller? Or gangster also become rainbow ribbon already.
eddyeddy ( Date: 24-Jun-2024 11:47) Posted:
He talked very garang in many chat group , want to impress people with his gangster connections..
Godwinlow ( Date: 24-Jun-2024 11:18) Posted:
| Knew many gangster. But when comes to investing he is like ah gua. Scared this and that. See him no up 😂 |
|
|
|
The answers already been share a few times in this forum. Go find
ysh2006 ( Date: 24-Jun-2024 13:54) Posted:
Why share price go up today ? Once hit go suspended cannot run for months or contra off.. .
Luckygal ( Date: 24-Jun-2024 10:59) Posted:
| 450,000 shares to go before suspension? |
|
|
|
Why share price go up today ? Once hit go suspended cannot run for months or contra off.. .
Luckygal ( Date: 24-Jun-2024 10:59) Posted:
| 450,000 shares to go before suspension? |
|
Very possible
Luckygal ( Date: 24-Jun-2024 10:59) Posted:
| 450,000 shares to go before suspension? |
|
He talked very garang in many chat group , want to impress people with his gangster connections..
Godwinlow ( Date: 24-Jun-2024 11:18) Posted:
Knew many gangster. But when comes to investing he is like ah gua. Scared this and that. See him no up 😂
eddyeddy ( Date: 24-Jun-2024 11:01) Posted:
| He always said he knew many gangsters |
|
|
|
