Popular Holdings

Sinkie

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They can do that?? :s11:

I thot its a requirement to disclose?

Or maybe its a conditional offer so they dun need to disclose? Very strange. Never encounter this before. If true, I must say I'm quite disappointed cos Popular management has always been quite shareholder friendly since their listing.

yeah, i guess so, probably because popular themselves are confident they will get the required %? Well, we are trying to get them to at least make disclousre whenever they cross 80%, 85% ba..
 

w1rbelw1nd

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Around 240 mil out of 320 mil of shares not owned by Chou Cheng Ngok must accept the offer for it to go through...
 

Paul Lee

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yeah, i guess so, probably because popular themselves are confident they will get the required %? Well, we are trying to get them to at least make disclousre whenever they cross 80%, 85% ba..

Actually by not disclosing they seems to be sending the opposite message. The psychology of the dissenting shareholders is such that most will tender their shares if the battle is lost. By not disclosing and generating uncertainty over their actual disclosure level, they may actually embolden the dissenting shareholder to not tender their shares.

Frankly if they were confident, it really should have been an unconditional offer instead of a conditional one.

Around 240 mil out of 320 mil of shares not owned by Chou Cheng Ngok must accept the offer for it to go through...

To be precise, its 229,142,605 out of 308,851,680.

The detailed data as follow:

Total Popular Shares = 797,090,755

90% level for offer to proceed = 717,381,680

What Offeror had before launch of offer = 488,239,075

What Offeror need for offer to proceed = 229,142,605

Remaining Shares not owned by Offeror = 308,851,680

90% level required for compulsory acquisition = 277,966,512 (90% of 308,851,680)

Total Shares Offeror need for Compulsory Acquisition = 766,205,587
 
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Sinkie

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Result is out le.. Offer extend to March 4

amounting in aggregate to 696,006,356 Offer Shares, representing approximately 87.32% of the total issued Shares1.
 
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w1rbelw1nd

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Result is out le.. Offer extend to March 4

amounting in aggregate to 696,006,356 Offer Shares, representing approximately 87.32% of the total issued Shares1.

Wonder who is the 13.68% still holding on to the shares....
 

HWZ1973

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Paul Lee

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I accepted the offer, when can collect $$$???

Accordingly, as stated in the Offer Document, accepting Shareholders will receive payment:
(a) in respect of acceptances of the Offer which are complete and valid in all respects and are received on or before the date on which the Offer becomes or is declared to be unconditional in all respects, within 10 days of that date; and

(b) in respect of acceptances which are complete and valid in all respects and are received after the Offer becomes or is declared to be unconditional in all respects, but before the Offer closes, within 10 days of the date of such receipt.
 
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