The exit offer has became unconditional, upon shareholder approval after the EGM on last Friday.
The important dates to note
Last day of listing - 10 Jan 2014
Close date of offer - 17 Jan 2014
Delist date - 27 Jan 2014
Date of share certificates dispatch - 12 Feb 2014
Ref:
http://infopub.sgx.com/FileOpen/SGL-Ann_...eID=269785
The first trading day after the exit offer went unconditional.
Singapore market shows a high of 71 Singapore cents per share, while SEHK shows a high of HK $4.55 per share, which is 74 Singapore cents.
(vested)
(06-01-2014, 10:18 AM)CityFarmer Wrote: [ -> ]The first trading day after the exit offer went unconditional.
Singapore market shows a high of 71 Singapore cents per share, while SEHK shows a high of HK $4.55 per share, which is 74 Singapore cents.
(vested)
The uptodate as of now, at 1pm, SGX market price is 75.5 cents, while SEHK's market price is HKD 4.89, which is 78 cents.
(vested)
The closed price of the company share is 77.5 Singapore cents in SGX, and HKD 4.85 (79 Singapore cents) today. The volume is about 18 mil shares.
At the closed of its last trading day in SGX, the company share priced at Singapore 76 cents per share with volume of close to 19 million shares, while the SEHK's company share closed at HKD 5.03 or 82 Singapore cents with volume about 2 million shares.
That closed the company chapter in SGX. Bye Bye, and see all in SEHK...
Hi, just curious, not vested in anyway.. What would happen to people who bought sound global shares in singapore this week, can they continue to trade in hongkong?... basically how does it work, will the company buyback the shares or something?
(10-01-2014, 09:52 PM)safetyfirst Wrote: [ -> ]Hi, just curious, not vested in anyway.. What would happen to people who bought sound global shares in singapore this week, can they continue to trade in hongkong?... basically how does it work, will the company buyback the shares or something?
After the exit offer close date of 17 Jan, all those SGX shareholders' share will be transferred to SEHK, and can be traded over there. It will take a while, and likely completed by end Feb.