$Koufu(VL6.SG)$ An additional 12.59 per cent of shares need ...
$Koufu(VL6.SG)$ An additional 12.59 per cent of shares need to accept the deal before it fulfils the deal's minimum acceptance condition.
We still have chance to ask for higher offer...
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We still have chance to ask for higher offer...
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chriswonguk : May I know how to ask for higher price?
Stock Watch OP chriswonguk : Reject the offer
Vicloo chriswonguk : You cant Koufu management own more than 50%, delisting is approved haha
Stock Watch OP Vicloo : U are wrong. They have only 77%. Approved to take over doesn't mean will pass through the votes. They need another 12%+
Stock Watch OP Vicloo : But high chances for them to win over the votes. Only need another 12%
good-nickname : delisting needs 50% agree or 90% or how many percent?
(thanks!)
Stock Watch OP good-nickname : SG take over code if I'm not wrong is 90%. This rule was changed few years ago to so call "protect" small investors.
Stock Watch OP good-nickname : Most of the listed companies owner controlled more than 50%.
Vicloo Stock Watch OP : Small cap yes, big cap... 20-30% very big liao... Like Microsoft, tesla, dbs (temasek biggest 34% only)
Stock Watch OP Vicloo : Those are big. but if you look closely, they used different investment veh to control more %. .
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