SC Global Developments

[gemini]

I am not personally familiar with the GO rules, and am hoping somebody would advise on the following:

- If Simon Cheong is to raise his bid in order to garner enough shares to privatize the company, does he require to do it within this GO period, ie in this instance before the 16 Jan? Or can he still do it after 16 Jan, upon seeing the acceptances of his offer price at $1.80? But clearly, with the shares trading as it is now, the assumption must be that he cannot privatize the company at $1.80?

Thanks