(09-09-2013, 01:18 PM)cif5000 Wrote: [ -> ]I wonder why CK Tang got stuck with their minority shareholders...
I wondered too, and this
doc has the answer:
CK Tang Wrote:10. Compulsory Acquisition
As the Offeror (Tang UnityThree LLP) is not a company or a corporation for the purposes of the Companies Act, Chapter 50 of Singapore (“Companies Act”), it is not entitled to, and will not avail itself of the rights under Section 215 of the Companies Act.
(09-09-2013, 01:48 PM)lanoitar Wrote: [ -> ] (09-09-2013, 01:18 PM)cif5000 Wrote: [ -> ]I wonder why CK Tang got stuck with their minority shareholders...
I wondered too, and this doc has the answer:
CK Tang Wrote:10. Compulsory Acquisition
As the Offeror (Tang UnityThree LLP) is not a company or a corporation for the purposes of the Companies Act, Chapter 50 of Singapore (“Companies Act”), it is not entitled to, and will not avail itself of the rights under Section 215 of the Companies Act.
Hmm...they delist, gave a low exit offer, and if you don't accept you can't force them to buy you out even if they crossed 90%.
为何要如此纠缠不清？
Can extend further? Already > 90 days already
so many rounds of final closing dates..whic h one is the real one
Just like superior multi pac
Sent using Tapatalk
Cktang case one was interesting. They used a llp not governed by company act?
Acceptance level : 88.34% (9 Sept 2013)
With 88.34% in their pockets, I think to get >90% in coming days will not be a problem.