Dutech Holdings

[mslee888]

Question - given the current situation, i.e. the offeror has got ~79% acceptance, excluding the 8+% owned by Droedge and 6+% owned by Robert, the remaining liquidity is already less than 10%, right? In that case, the shares of Dutech meets the criteria for suspension if the company chooses to do so.. is that correct?

Guess two ways to interpret this - 1) OMG, if I don't surrender my shares then I will probably be locked up for a unpredictable period of time... or 2) now it is the last chance/window to buy into Dutech at such a cheap price and become a private shareholder of the company..

Is my understanding correct?

Unless the IFA deemed the revised offer price of 43.5cts as "fair and reasonable", there is no way that Dutech can be delisted from SGX if they could not hit compulsory acquisition level of 90%. So, you would not be a shareholder of a unlisted company even if the stock is suspended after the offer closes due to insufficient free float.

If the offer reaches 90% acceptance, then sorry. They will exercise their rights to compulsory acquire your shares at 43.5cts per share and then delist the company.

We can talk about what happens after this offer closes (if they could not secure 90% and the stock is suspended) later, but we must get through this GO first.

Hi GH, are you able to advise me what are independent shareholders? Are significant shareholders  those >5% considered independent?)...if the offeror receives, as at the closing date, valid acceptances of the offer from Shareholders (other than persons acting in concert with the offeror) (the "independent shareholder") representing at least 75% of the total number of shares held by the Independent shareholders and subject to substantive compliance with the other requirements set out in the Voluntary Delisting Rules, the offeror intends to seek the SGX-ST's waiver from strict compliance with such Voluntary Delisting Rules....are there any implications to this that we should be aware of? Thanks!