13-02-2013, 05:58 PM
(13-02-2013, 04:24 PM)PkNanas Wrote:(13-02-2013, 04:04 PM)CityFarmer Wrote:(13-02-2013, 03:24 PM)PkNanas Wrote:(13-02-2013, 10:54 AM)CityFarmer Wrote: The dealing disclosure of TCC Asset, another 0.2 million shares acquired on 8 Feb, out of transacted volume of 0.5 million shares
http://info.sgx.com/webcoranncatth.nsf/V...1000EAC32/$file/DealingsDisclosureandLevelofAcceptances130213.pdf?openelement
Current holding 77.45% includes acquired and accepted shares. Acceptance is 29.40%.
5 more calendar to go. Not likely that TCC and gangs ownership able to cross 90%.
My guesstimate is 80%-85% at the end of the offer
If total holding together with other substantial shareholder exceed 90%, than free float issue will arise.
if free float is less than 10%, what are options TCC has under the code?
Enable free float more than 10% and continue listing or propose an exit offer for approval to get it de-listed
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡