Loi Kim Chon's comment on FGV. All Comments

Loi Kim Chon
1 Like · Reply
case 1. if you accept the offer now , you will get RM1.30 per share
case 2. if you hold on the share and do not accept the offer , they will force buy from you at RM1.30 per share if they achieve 90 % threshold.
Case 3. if you hold on the share and by the next due date , they are unable to own more than 90%, the offer price would be raised . They need your share badly to cross over 90% as they do not want to maintain the listing of FGV.
Show more
Steventei Wang Chui
clear bos. TQ. TQ.....
Like · 3 days · translate
David Lee
Hi Loi, 90% threshold shld not be force buy right? Force buy shld be 98.3%? Correct me if I am wrong.
Like · 3 days · translate
Mie Zar
1. they do not need to reach 98.3% la. Once they reach 90%. they will get FGV to be delisted withdraw from the main market. once that happen u will not be able to trade your share in public.
2. when your share is not tradable in public it start losing its value coz buyer market is small /non existence. u want to sell RM 1 also maybe nobody want to buy. U will left with shares in a private Co and your only hope is they pay dividend.
Show more
Like · 3 days · translate