(30-05-2012, 11:56 AM)money Wrote: [ -> ] (30-05-2012, 09:47 AM)propertyinvestor Wrote: [ -> ] (29-05-2012, 03:29 PM)Temperament Wrote: [ -> ] (29-05-2012, 03:08 PM)propertyinvestor Wrote: [ -> ] (29-05-2012, 02:44 PM)Temperament Wrote: [ -> ]Of course! Of course! The CHENG Fellows (maybe you are one of them) like to see that the price stays @1.3. Just like SAT is buying back their shares @ 2.6.
Want to write a complain letter? I the we minority shareholders should do something about this unfair offer. I cant believe SIC approved the partial takeover offer! 
O. K. Since you are the 1st one to mention, you are now the natural "RED INDIAN CHIEF" GO on.....
How many shares you got? Need at least 5% of voting rights to sign on the letter.
my family and relatives have around 120 lots, almost insignificant, but if we all combine, we may stand a chance to exceed 5% i hope
u r toking abt 50mil worth of stocks or abt 40,000lots for 5%...
you think why the Chengs want to have a partial offer to have statutory control over Wing Tai. So that they can ignore all those requests they don't like as they already have more than 50% of votes, such as your request to unlock value.
Or if time permit, we all can pool our money to buy more + canvassing all fund houses + Tom, Dick, Harry & Mary. Plus Anyone who wants to participate. i think this CHENG Fellows is BIG FISH EATING SMALL FISH. The question is how come SIC agreed?
(30-05-2012, 02:33 PM)propertyinvestor Wrote: [ -> ] (30-05-2012, 01:46 PM)Temperament Wrote: [ -> ]Or if time permit, we all can pool our money to buy more + canvassing all fund houses + Tom, Dick, Harry & Mary. Plus Anyone who wants to participate. i think this CHENG Fellows is BIG FISH EATING SMALL FISH. The question is how come SIC agreed?
exactly, is SIC daft?
No. Only "Old Man" thinks Singaporeans are daft. Therefore anything or organisations directly or indirectly associated with "Old Man", think Singaporeans are. Really, i have never seen one successful protest organised by Singaporeans, for Singaporeans. That's why "Old Man" & Associates will always think Singaporeans are daft. But i think we have some hope from the better educated younger generation. At least we see we have one "GRC" under the opposition. Let's wait and see after "OLD MAN" era lol. Which will be very soon. i think it will be the next change in 2015/2016.
Why the SIC agrees with the CHENG Fellows ?
Independent Financial Adviser should issue a recommendation by end of next week. Maybe it won't recommend the partial offer.
It will be nuts for anyone to recommend accepting an offer at such a steep discount to NAV. Not to mention that there are so many positives happening at Wing Tai's subsidiaries which are not announced via SGX.
(30-05-2012, 03:18 PM)sgpunter Wrote: [ -> ]It will be nuts for anyone to recommend accepting an offer at such a steep discount to NAV. Not to mention that there are so many positives happening at Wing Tai's subsidiaries which are not announced via SGX.
I won't accept the offer either.
I rather hold all 100% of my holdings at the current undervalued share price (hoping that it will rise in the near future) than make a small capital gain from the partial offer. If the Chengs to get 50% ownership, chances of attracting a predator becomes significantly slimmer. Also, rejecting the offer may force him to raise the offer price... afterall, the NAV has increased to circa $2.80
Vested.
In case the result is unconditional 15% sale to Cheng fellows, maybe we can buy some in the market to cover this 15% +-. Or wait for the trading of "Odd Lots" window period. Whichever you think is better. Or you can do both.