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I never kena delisting before also.. but I read in the document, one of the paragraph says this:
The Delisting Proposal will give Shareholders an opportunity to realise the value of
their investments in the Company at a premium over the historical trading prices of
the Shares on the SGX-ST as illustrated above, without incurring brokerage and other
trading costs.
Ryanros7280 ( Date: 06-Dec-2010 12:57) Posted:
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+0.015c phil1314 ( Date: 06-Dec-2010 13:05) Posted:
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phil1314 ( Date: 04-Dec-2010 17:10) Posted:
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Belteshazzar ( Date: 06-Dec-2010 09:06) Posted:
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small fly like you and me have no power to say no for this delisting...
just accept the 0.0715 price and move on to the next counter....anyway, you still earn some money, unless you are 07, 08 investors....
Must pass thru EGM.
Holders can demand higher offer.
But The bloody CEO says, Share holders will be rewarded when it make money.
Maybe it declare one off dividends after the FY ending, then set a date for de-listing offer ?
Otherwise its like cheating holders whom hold so so long due to the CEO's word of assuring good dividend if company makes profit. And it is.
I believe some companies actually try to get delist when the market is picking up.
But there are worst companies like example
GM (General motors) that can goes bankrupt! (shareholders don't even gets a penny unless sold at few cents in the last days)
Now it came back as the biggest IPO!
What a joke!
If shareholders feel that offer is too low then can they reject the offer?
What are the chances of de-listing if most shareholders reject?
Will most local shareholders be at disadvantage since the principal shareholders and related parties may have an advantage given that they hold a higher stake in MAP Tech?
Is there possibility of a higher offer price?
Agree that SGX should discourage this type of move - list and later delist -which is to the disadvantage of local shareholders especially when principal and related parties may have a controlling stake and can decide to list and few years later to delist. This group should be restricted from voting on delisting offer.
jackjames ( Date: 04-Dec-2010 15:42) Posted:
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taken from MAP TECH Annual Report 2009, as of March 19, 2010 top 20 shareholders of MAP TECH:
Not sure those big firm got it at IPO 32 cents?
Raffles Nominees, CIMB-GK Securities, Phillip Securities, UOB Kay Hian, KIM ENG securities, OCBC securities, Citibank Nominees, OCBC Nominees, UOB Nominees, ..... well, they can cover the losses from somewhere else... what about the rest of the 30% of the public investor like you and me?
thought it might be the next OSIM... oh dear, 7.15 cents is cheap man..
who knows they might come back to re-list again just like Amtek and sucks all the new investor money again... SGX should discourage this type of move man.. look like many company wants to list at Hong kong, Taiwan.. etc.. and finally delist at SGX market again?
do we need to pay brokerage charges ? what is estimated date to receive payment from date of delisting announcement ? pls kindly advise.
MISCELLANEOUS :: PROPOSED VOLUNTARY DELISTING OF MAP TECHNOLOGY HOLDINGS LIMITED
The Exit Offer will be made on the following basis:
Consideration for each Offer Share: S$0.0715 in cash (the “Exit Offer Price”).
I understands that it never fails to pay dividends ONLY untill last year when they make looses due to the Fuji deal.
The CEO whom is a Taiwan's company Boss, hinted about rewarding shareholders if the company is in the black again. which is expected and so far it has been. They also added, barring the unforeseen. But so far it has been positive.
FY ends on 31/12/2010. Profit/lost announcement should be around mid January at the same time , they will announce the decision.
Its just next month - Looking forward.:)
So far has been so good this FY.
Cheers.
moneycow ( Date: 30-Aug-2010 16:00) Posted:
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