Eastern Holdings

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yap, still holding on and waiting for the buy-out, Big Grin

be patient, rest and relax lah! Smile

unless you intend to deploy the cash from EH quickly, else, just wait out, patience! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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Just recieved the exit-offer documentations from CIMB,

8th Jan 2016 - EGM to seek approval of shareholders for Delisting.

Offer price S$0.425

Offeror does not inend to revise the exit offer under any circumstances.

If Delisting Resolution approval conditions are not fulfilled, the delisting will not proceed and the company will remain listed on the sgx-st and the exit offer will also lapse and all acceptances of the exit offer will be returned.

fair enough right? Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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What did ifa say
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IFA said that the offer is fair and reasonable.
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Ok I just mailed in the acceptance. congrats
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just mailed in mine...thank you easternH! cheerios, Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
forgot i still got some odd lots to sell... now the counter is suspended.. and the offer date is over, what shall i do?

1) Want to sell at market, but counter suspended
2) Want to sell back to MBT, but offer date over...

really become private owner of EH?? Big Grin

any advises appreciated sir! Tongue


Found the answer... duh! Tongue

Do nothing and wait for EH to buy buy buy! Big Grin


4. RIGHTS OF COMPULSORY ACQUISITION UNDER SECTION 215 OF THE COMPANIES
ACT
4.1 Pursuant to Section 215(1) of the Companies Act, Chapter 50, of Singapore (“Companies
Act”), in the event that the Offeror acquires not less than 90% of the total issued Shares
(other than those already held by the Offeror, its related corporations or their respective
nominees as at the date of the Offer and excluding any Shares held by the Company as
treasury shares) (“Compulsory Acquisition Threshold”), the Offeror will be entitled to
exercise the right to compulsorily acquire all of the Shares held by Shareholders who have
not accepted the Offer (“Non-Assenting Shareholders”), at a price equal to the Offer Price
(“Compulsory Acquisition”).
4.2 As stated above, as at the Close of Offer, the Offeror has received acceptances in excess of
the Compulsory Acquisition Threshold.
4.3 Accordingly, the Offeror is entitled to and will be proceeding to exercise its right of
Compulsory Acquisition, i.e. to compulsorily acquire all the Shares of the NonAssenting
Shareholders at the Offer Price of S$0.425 per Share.
4.4 The Offeror will, in due course, despatch to the Non-Assenting Shareholders the relevant
documentation, together with the prescribed notice under the Companies Act, in relation to
the exercise of its rights of Compulsory Acquisition.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
Compulsory Acq means in 3 months time, MBT will own 100% of company.
Minority shareholders will have their share cert cancelled and sent a cheque.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Odd lot just give it away as charity. Not much
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(30-01-2016, 05:49 AM)pianist Wrote: Odd lot just give it away as charity. Not much

want to buy KepCorp leh, Tongue
need $$...every cents count! 

Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply


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