MapleTree NAC Trust

[Squaredot]

As a reference, I think CICT has underperformed since it’s merger with CMT

I miss Lynette Leong

 

[Raynon]

Any latest news on this for the halt?

 

[Raynon]

Still no news? Tmrw 3rd day liao

 

[lzydata]

Still no news? Tmrw 3rd day liao

They are really dragging it out, surely they will announce something today and lift the halt.

 

[hound297]

As someone holding NAC (0 in integrated commercial trust), I hope NAC is the one that keeps the stock while the others convert. Hate getting odd lots.

 

[abutan]

trading halt for 3 market days max according to SGX rulebook.
http://rulebook.sgx.com/rulebook/practice-note-13a-trading-halt-and-suspension

 

[SpeedingBullet]

obvi gonna merge the two...

 

[chiokcc]

Sian, I sold all my holdings just 2 weeks back .... only left with a few loose shares from script dividend.....

 

[Raynon]

Still no news?!?

 

[starbugs]

Why so kancheong? The long halt was because the news must have already leaked out before this Monday, so MNACT had no choice but to start the halt early. In fact, the halt was already one day late.

 

[TehSi99]

Price spike with huge volume when price has been dead for months.

Wonder how many people knows of the news and how much bought.

 

[WHLN17]

Look like the 3 days halting period will be maximised by MCT and MNACT. Prior to the halt the trading volume of MNACT was relatively high and price didn't 'correct' much downward correspondingly since XD in Nov. Guess they don't have the choice but to halt the trading before more got wind of the development. Hopefully 3 days is enough for them to get the announcement ready. It would be a bit unsettling if the halt becomes 'suspension'.

 

[lzydata]

Look like the 3 days halting period will be maximised by MCT and MNACT. Prior to the halt the trading volume of MNACT was relatively high and price didn't 'correct' much downward correspondingly since XD in Nov. Guess they don't have the choice but to halt the trading before more got wind of the development. Hopefully 3 days is enough for them to get the announcement ready. It would be a bit unsettling if the halt becomes 'suspension'.

If they are still negotiating, they could just announce that there is a possible transaction ____ and they are still negotiating the details, no need to suspend.

 

[starbugs]

SGX has been known to grant extensions to trading halts by 1-2 days in the past. Anyway, I think the announcement should be out before midnight today.

 

[Raynon]

SGX has been known to grant extensions to trading halts by 1-2 days in the past. Anyway, I think the announcement should be out before midnight today.

No news yet? Suspend liao?

 

[lzydata]

Can they halt 3 full days then announce and lift halt at 8.59am today

 

[o0KelviN0o]

Can’t trash out a good deal for MAGIC holders?

 

[Opps-gal]

Is this still halted? Can halt till end of today, and come back at 2022?

 

[Raynon]

If they dont resume trading today, it will be suspended, cos yest was the 3rd day if trading halt

 

[soneat]

The consideration for each MNACT Unit (the “Scheme Consideration”) comprises either (a) 0.5963 new units in MCT (“MCT Units”, and the new MCT Units to be issued, the “Consideration Units”) (the “Scrip-Only Consideration”), or (b) a combination of 0.5009 Consideration Units and S$0.1912 in cash (the “Cash Consideration”, and together with the Consideration Units, the “Cash-and-Scrip Consideration”), at the election of each unitholder of MNACT (“MNACT Unitholder”). Based on an issue price of S$2.0039 per MCT Unit1 , the Scheme Consideration is S$1.1949 and implies a gross exchange ratio of 0.5963x.