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Navis can extend the closing date if wish to, see caption below
22.4 Further closing dates to be specified
Any announcement of an extension of an offer must state the next closing date or if
the offer is unconditional as to acceptances, a statement may be made that the offer
will remain open until further notice. In the latter case, those shareholders who have
not accepted the offer should be notified in writing at least 14 days before the offer is
closed.
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I have rec'd the offer document, looking at it the current situation, there are no competing offer. I think the only choice is to accept the offer price 42 cts.
Anyone not accepting the offer?
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2 mil shares traded and 42.0 cents ???
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Should be Navis collection from open market. We should see disclosure announcement tmr to know their holding
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Yea I guess so though we can only be certain tmr. The whole 42.0 cents buy queue has been swallowed.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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(18-04-2012, 04:29 PM)Nick Wrote: Yea I guess so though we can only be certain tmr. The whole 42.0 cents buy queue has been swallowed.
http://info.sgx.com/webcoranncatth.nsf/V...4004455DC/$file/Offer_Unconditional_in_all_respects_180412.pdf?openelement [SGX Announcement]
Navis was the one who added shares at 42.0 cents today.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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One question: If I am to sign the document and sell the shares to Navis, would I incurred any charges like when you sold on Open Market or when you apply for IPO?