Francis Lau's comment on GENM. All Comments

Francis Lau
1 Like · Reply
老板如有必要,会一律起收购价 (RM2.35)
4.10 Purchases in the open market
If the Offeror ... agree to purchase ... during the offer period ... higher than the Offer Price ... will increase the Offer Price ...
Francis Lau
公司当天会发布接受程度,数量,与百分比
4.9 Announcement of acceptances
(i) The Offeror will inform ... before 9:00 a.m.
(a) the status of the Offer ...
(b) the total number of Offer Shares ... the percentage ...
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Like · 2 days · translate
Meaw meaw Cat
Not possible increase price already , since big boss already keep purchase below 2.35 after announcement as the announcement you see , if increase mean illegal deal , Genting others share holders can sue plus now confirmed owned over 60% , more no need to consider . Plus Genting need Genm fund to investment , if increase price , then out of the purpose
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1 Like · Yesterday · translate
Francis Lau
Meaw, the official Offer is not even out yet, what do you mean by illegal increase? 4.10 actually permits GenT to increase the offer price (2 days before closing) during the offering period (21 days min). And any such increase would apply uniformly to all shareholders, including those who had already accepted the offer, so no one should complain. GenT launches this take-over as GenM shares are very undervalued, that's the reason. Also, I don't believe GenT owns 60%, it's more like 50% +/-.
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Like · 17 hours · translate
Michael Michael
It is only 50.02% only
Like · 5 hours · translate