Viz Branz

[CityFarmer]

My understanding of delisting requirement is that there is <10% free float. Therefore the 20% that LS holds does not count as free float since it is owned by 1 entity. Someone correct me if I'm wrong?

then is there much difference whether public or private?

Looking at 13.2 (listing status) of the offer document, my understanding is that sgx may suspend trading in the event the offeror owns more than 90% of the total number of issued shares, not including treasury shares.

So my question is should Lam Soon shareholdings be added to what offeror has to date to trigger suspension of trade? If not added, then clearly ben chng has still someway to go before hitting 90%. Can some valuebuddy clarify? Thanks

There are many ways lead to delisting of stock. one of them is the company failing to comply with the Securities Exchange’s rules (Rule 723) on minimum free float i.e. 10%

Lam Soon stake is not counted for the 90%, but is counted as non-public shareholder i.e. excluded from free float