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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.
whenever it hit 1.4 PNB would hammer it down. The major shareholder do not want the share price to appreciate ?, One of the reason is perhaps they are thinking of taking it private , this company is very much undervalued base on NTA and PE .
It is a matter you believe big 4 Auditor of the management ? Investor can accept company suffer loss due to pandemic but can not accept company with governance problem . If you have invested Transmile many years ago ,you probably know when to exit .
when the trend change after a long decline , it is a new life you forget about the past , it advances in steps like going up staircase, study in detail who is buying and how it advances and consolidate .
among all the oil and gas company , this is the only company that with healthy balance sheet and backed by 50 cents cash per share . it distributed 2 cents dividend each quarter for the last 3 quarters .
