Ascott   

Ascott

Thanks alexmay,

mine also from UOB-KH.

 

I posted the acceptance letter on Thurs 21/2 and the money was in my account on  thurs 28/2 already. only five working days.

 

My broker from UOBKayhian.

 

Hi alexmay,

May I know what broker house are you using? Your broker sounded very good. He does extra work by informing you about the "buy in" unlike mine. I didn't even know about there are such deals until I have heard from you.

Thanks!

 

Fairygal,

I doubt they will pay us so soon. Moreover, I think they will pay us by cheque.

 

 

Checked bank a/c this morning.  Payment not in yet. Holding @ CDP is nil as of yesterday. So.......sigh! Wait lor!

 

Must recommend lah.

 

Wow! your broker so good! So far, I didnt't hear from my broker any good news.

 Bo cho gang

 

I understand they sold in in the "buy in" market, someone shorted the share and had to buy back in the buy in mkt, so I think those who know it can sell to them. My broker called, I sold mine at 1.85 better than the 1.73 offered. So you never know good thing is that I held back.

 

Capland must have checked with their legal side before they embarked on things like this.  Think this is it for us small retail investors lor. Sigh!

 

This is really very unfair to other shareholders. How could SGX approve of such deals?

 

Read this announcement released today.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_E13A7C49F273699D482573FB001EC846/$file/TAGL_Disclosure_of_Dealings_Annc_26Feb08.pdf?openelement

Are ther 2 categoris of shareholders????....the 'previliged' and the 'others'?

Notice, they merely said that these ppl 'disposed' of their shares in Ascott........but they didn't mention who bought it.

Could it be bought by a proxy of CapLd and then CapLd will exercise the mandatory puchase to privitise and then somehow compensate the proxy for its losses.

Think this stinks.

Fairygal,

even if you held out for more, you would not have got it.....cos it was an after market trade where the BBs can play their game without us small fries interferring.

 

What happens after Ascott is delisted and we are still holding on to the shares? Meaning we did not accept their offer. Any idea on what will happen to the shares or share price that the investors are still holding on to? Thanks!

 

Usually CDP will not remove your holding unless you are paid.

This is what happen when you buy your shares. If you have not pay your broker house they will not update your account with the shares.

 

I think they process the payment as soon as they receive your acceptance letter instead of waiting until 11 March. I submitted on Thurs, and i received letter from CDP yesterday, no payment yet. Ascott Group no longer in my holding in CDP a/c when i checked today. 

 

Than our payment will be further delayed.

 

Last offer date is now 11 March, 5.30 pm.

 

shplayer,

If what you have just mention is valid, than whom are the people buying up the shares at a higher price? That is really very puzzling. Since yesterday, I was thinking CapitaLand is the one buying up all the shares may be because they wanted to have less paperwork done.

Strange huh?

 

In previous announcement by Ascott on SGX, they stated the price paid for on open market purchases.  How come yesterday's announcement, the unit price is not stated?

 

So 2 extreme types of investors......either shrewd strategised investor or SOTONG! And it made me feel like a fool when i saw the trading price yesterday and today! Sigh!