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ChatGPT summarises in two sentences:
For Genting (the parent): This is a logical next step to enable global ambition and unified execution.
For GENM minority shareholders / investors: The offer provides a clean exit at a premium, but may undervalue the longer‐term upside and brings risks of less transparency post‑privatisation.
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% +/-.
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 ...
如果在收购期间，老板在市场买入更高的股价，就一律调高收购价
4.10 Purchases in the open market
If the Offeror or any of the PACs purchase or agree to purchase any of the Offer Shares during the offer period at a consideration that is higher than the Offer Price, the Offeror will increase the Offer Price ...
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 ...