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TING LIP ONG's comment on 2925. All Comments
TING LIP ONG
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Jardine bought , who the seller? 90% holding nearer and nearer. Minority vs Majority, who the winner?
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3 years · translate ·
G L
Definitely minority is the winner. CCB forced to buy back at old price RM 2.40 on open market. The rule is when they offer a takeover offer, it cannot be lower than the highest price they paid in the 6 months preceding the offer date. I am not sure if they can request for voluntary delisting because minority shareholders can shoot down easily. My guess is they will buy up to 89.99%, then launch takeover at minimum RM 2.40, then withdraw listing.
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Like · 3 years · translate