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13-06-2012, 08:47 PM
Today (13Jun12) is the first market-day after the annoucement of Stephen Tay's GO at $0.18/share on 11Jun12, and his financial advisor CIMB Bank through his acquisition vehicle MBT Holdings P/L has already started mopping up loose shares from the open-market!! CIMB Bank managed to pick up a total of 956 lots by paying an average price of $0.179644/share, and raised Tay's shareholding by 0.319%, to 63.941%.....
http://info.sgx.com/webcoranncatth.nsf/V...C003D0785/$file/Dealings_Disclosure_130612.pdf?openelement
I thought Tay's GO to the minority shareholders is supposed to be a voluntary offer - i.e. minority shareholders will be given enough time and all relevant and up-to-date information before they can/will individually decide whether to accept Tay's offer at $0.18/share? What a super 'kiasu' bank CIMB is! - or shall I also say what an unfair man Tay is! Don't all minority shareholders deserve to first have a proper and fair independent advice from a reputed IFA, as well as a proper and balanced recommendation/advice from the IDs?
http://info.sgx.com/webcoranncatth.nsf/V...C003D0785/$file/Dealings_Disclosure_130612.pdf?openelement
I thought Tay's GO to the minority shareholders is supposed to be a voluntary offer - i.e. minority shareholders will be given enough time and all relevant and up-to-date information before they can/will individually decide whether to accept Tay's offer at $0.18/share? What a super 'kiasu' bank CIMB is! - or shall I also say what an unfair man Tay is! Don't all minority shareholders deserve to first have a proper and fair independent advice from a reputed IFA, as well as a proper and balanced recommendation/advice from the IDs?