Boustead Projects

[ghchua]

Hi, ghchua,

You're right - the takeover code disallows a higher offer for only 6 months after the close of the GO.  Whether voluntary or directed by SGX, the subsequent delisting offer still needs to get a fair and reasonable opinion from an IFA - right?

In any case, I have not tendered and seriously considering holding on.

Yes. IFA opinion needs to be fair and reasonable.

I think to hold on or not, it depends on your risk appetite and I will not comment on it as it depends on individuals. Some don't mind the suspension and wishes to hold on, hoping for a better delisting exit offer further down the road. Some, like forumer header, even wishes to hold on after the stock had been delisted from SGX, as an unlisted company shareholder.

I think I have said a lot on the above in this topic here, so you can just read back and make your own informed decision.