If I do nothing, does it means I will be allocated the NEW shares?
(10-06-2021, 10:01 PM)pianist Wrote: [ -> ]If I do nothing, does it means I will be allocated the NEW shares?
Hi pianist,
If you do nothing and if they reach valid offer acceptance level of 90% or more, they will just exercise their option and compulsory acquire all your shares and pay you 28.5cts per share in
cash.
However, if they could not get 90% acceptance level, then shares will continue to be listed on SGX. You will not be allocated any new shares, just holding onto your existing Cheung Woh Technologies shares.
I see, anyone accepting the offer but with the new offer or shares option? If so, why