Big fish eats small fish. Singapore's market is small.
So will CES delist by next week.. sell before closing ?
No hope if company don't revised the price....Sgx may not allow it to continue trading after closing...
(12-02-2023, 04:14 PM)Niubee Wrote: [ -> ]ChipEngSeng EV is 1.26Billions.
0.75ct offer is just 560millions of the whole.
One legal robber management.... 
That's the game loh. Not all buyout are happy story like sph.. that one is use ah gong money generously..
So must surrender before Sgx kill us by halt trading ?...
(12-02-2023, 04:35 PM)ysh02 Wrote: [ -> ]So will CES delist by next week.. sell before closing ?
It's up to you. If they hit 90% the offeror has the right to compulsorily acquire your shares so you will also get paid for your shares
Remember the past delisting offers that took advantage of small investors. The sgx, authorities and our leaders let this type of things happen over and over again without taking action.
Auric Pacific delisted Food Junction for $31 million in 2013 and then sold it to Breadtalk for $80 million in 2019....2.6X gain for the offeror
Peter Lim delisted Thomson Medical for $396 million in 2010 and listed it again at $1.6 billion via Rowsley in 2017...a 4X gain!!!
Osim Group was delisted by its owner at a valuation of $1 billion in 2016. A portion of it was then sold to KKR in 2018, at a total valuation of the company standing at $1.7 billion. A 70% gain for offeror.
ERA was delisted at $141 million in 2013 and relisted at $234 million under the name of APAC Realty in 2017.
If Sgx allow this company delist and relist some other years later at higher value we no way to complain and "lun lun" eat our finger....
(13-02-2023, 06:58 AM)ysh02 Wrote: [ -> ]If Sgx allow this company delist and relist some other years later at higher value we no way to complain and "lun lun" eat our finger....
SGX enacted a rule that offerors have to make a "reasonable offer" but they never show any commitment to this.
(13-02-2023, 07:05 AM)sgbuffett Wrote: [ -> ]SGX enacted a rule that offerors have to make a "reasonable offer" but they never show any commitment to this.
Chip Eng Seng is a lousy company. Gives lousy dividends. Offer at 0.75 is fair price I think.
(13-02-2023, 06:44 AM)sgbuffett Wrote: [ -> ]It's up to you. If they hit 90% the offeror has the right to compulsorily acquire your shares so you will also get paid for your shares
Yesterday CES said together with treasurer shares and their other own shares can get 90% liow....very soon will send letter to us ..
So our fight loss to this company they have treasury shares last time share buyback one ? Easily cross 90%...
Sgbuffett now don't need do anything a cheque will throw to us and makan all CES shares...no waiting for next year it launch privatisation again.Share will be halt trading maybe once closing date....
CES now really game over already why no forumer comment on this stock ? Give up liow har...
Yes looks like game over
Heard from girl friend that the Tang couple has just placed order for a few cartons of champagne to be delivered tomorrow
They have many cronies who have been buying from the market at 0.755
And will quietly accept the takeover offer at 0.75
It’s illegal
But there’s are ways of going around it without sleepy SGX knowing.....
Sgbuffett no sound, quietly stay aside will not sell themes until Sgx give power company force buy no way out!!...
(13-02-2023, 08:07 AM)winbig Wrote: [ -> ]Chip Eng Seng is a lousy company. Gives lousy dividends. Offer at 0.75 is fair price I think.
So you already surrender to the company...?
(14-02-2023, 06:18 PM)ysh02 Wrote: [ -> ]So you already surrender to the company...?
I never buy
(14-02-2023, 02:05 PM)ysh02 Wrote: [ -> ]Sgbuffett no sound, quietly stay aside will not sell themes until Sgx give power company force buy no way out!!...
I am not doing anything. I already said i won't accept the offer...what you expect me to say.?.
(14-02-2023, 11:59 AM)Bluebull Wrote: [ -> ]Yes looks like game over
Heard from girl friend that the Tang couple has just placed order for a few cartons of champagne to be delivered tomorrow
They have many cronies who have been buying from the market at 0.755
And will quietly accept the takeover offer at 0.75
It’s illegal
But there’s are ways of going around it without sleepy SGX knowing.....
Just announced
They got 90.19%
https://links.sgx.com/FileOpen/Dealings_...nouncement&FileID=746636
Therefore no way but got to sell to them at 75c ....by Sgx law.