GENM ex div today still going strong +13sen

up 0.37 dy

hang seng. kospi and STI in the red

kaput lah the exercise price for SPSetia-WB is RM4.48 and now wb is RM0.46. If at 3.50, so its out of money by RM1.44. so sell before delisted....

Have to see the official announcement firstlah

time for cuppa coffee at starbucks

You still have 75% mah

Better than Esso lah. Was RM4.90 but the offer price is only RM3.50 every1 holding expect to go above RM5 kena kaw2

If the offer price is good then privatise is also good mah. No need to be scared of mkt crash as the price already fixed and agreed upon.

ya they need the quantum to get the offer mandatory if not they will need to delay until the quantum is met or to revise the offer price upwards

revised conversion price is RM2.99
Yesterday's closing price SPS RM3.50 WB-RM0.46

if offer at RM3.90 warrant should be worth RM0.91 (RM3.90-RM2.99)

that's how the offer for wb is at RM0.90

This answer the question earlier on the offer price of the wb.

What he meant was mother share has voting rights while warrant no. so if converted to mother they can decide to accept or not mah while warrant holders just have to sit quietly and wait for the outcome until th GO becomes mandatory

hi welcome I am also newbie just 1 week old

European mkt all ang ang liao

Already achieved 90% for MGO mah so those have not sold will sell now lor no need to wait to go thru the process diff only 1/2sen. can get money on T+3

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Added on September 28, 2011, 4:08 pmaction started since morning lah

This post has been edited by rayng18: Sep 28 2011, 04:08 PM

huh. MGO at RM0.90 lah kawan.Every1 is taking up the MGO dy
and those do not want to go thru the registrar are disposing now

This post has been edited by rayng18: Sep 28 2011, 04:15 PM

ic faham2

Malaysian bull trying to tahan for another 1/2hr

buy the shares not already own means that if PNB holds 50% of SPS so there are still 50% in the market(owned by u, me and others) which PNB intends to take from u (in this case at RM3.90)

SPS listion maintain on Bursa means SPS will still continue to be listed in Bursa as a new entity lor (similar to sunway. Usually after a company is takne over, it will be delisted from Bursa.

ya lor they pay you RM3.90 for yr SPS mah will relist the new entity with the same name SPS.
Similar eg is the Synergy drive few yrs ago consolidate few companies eg sime,malakoff ...) becomes new entity named synergy drive then renamed again to sime

??

you must already holding SPS shares at the moment in order to accept the offer. As the offer price is RM3.90, if you bought earlier (the last 2-3weeks when the price is below RM3.50 then good for you) however if you bought at higher price than RM3.90 which you are still holding then you will be cursing now)

If you still hold SPS and want to accept the offer, the usual procedure is to go to your stockbroker and complete the takeover form(which will be sent to you by the registrar) and submit the completed forms either directly to the registrar or to the stockbroker who in turn submit to the registrar on your behalf. Sometimes you need to transfer your SPS shares to the specific a/c indicated in the takeover form. After all these are done you just have to wait for the cheque/direct credit to your bank a/c by the registrar at a pre-determined date.