China Merchants Holdings Pacific

[marandaz]

After today, there are only 14 working days for CMPac to reach the 90% threshold...

As of now, they have only accumulated 78.55% (Easton) + 6.98% (HIAM) + 0.09% (Mr. Jian) =  85.62% or 4.38% left to breach that level.

It is not that far from the 90%. But the everyday dealing announcement from by them showed that the uptake rate is getting smaller and smaller. For example, the uptake rate for the past 5 days were 0.15%, 0.12%, 0.14%, 0.09% & 0.06% respectively. At this rate, it is hard for CMPac to reach that 90%. In fact, they need to accumulate 0.37% per day over the 14 working days left.

Does the dealing announcement includes shares acquired through open market ONLY or includes those through the GO letter as well?
Or Everyone just keep it chill to the last minute?

Personally, I have yet to mail that GO yet nor sell my shares on open market...

I think those numbers are for shares acquired over open market. It does not include acceptance via GO letter.
If you look at the end of footnote 3 of the SGX annoucements, it says "This also excludes any valid acceptances received by the Offeror pursuant to the Offer."

http://infopub.sgx.com/FileOpen/Dealings...eID=408148

That makes more sense now...