What's this?
Does this means bursa is offering to buy over the shares I'm holding? And what's the reason behind it?
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Lucky Friday : 0.06sen buy back your shares, you can accept or decline
Kiran Stocker : Which means if person bought the share of 0.2 sen per share then buy back offer of 0.06 was loss of 70% to that person. Am I right bro ?
andy(三叔） : TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
PAN MALAYSIA HOLDINGS BERHAD
Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description
PAN MALAYSIA HOLDINGS BERHAD ("PMHB") RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM AMINVESTMENT BANK BERHAD ON BEHALF OF EXSIM HOSPITALITY HOLDINGS SDN BHD
The Board of Directors of PMHB ("Board") wishes to announce that the Board has on 7 March 2024 received a notice of unconditional mandatory take-over offer ("Notice") from AmIvestment Bank Berhad on behalf of Exsim Hospitality Holdings Sdn Bhd (the “Offeror”) to acquire all the remaining ordinary shares in PMHB not already owned by the Offeror, Lim Aik Hoe, Lim Aik Kiat and Lim Aik Fu (collectively referred to as the “Joint Ultimate Offerors”) (“Offer Share(s)”) for a cash consideration of RM0.06 per Offer Share (“Offer”).
GeraldOo : i believe shouldnt accept rite.. sound like lose a lot if accept the offer
Kiran Stocker GeraldOo: Yes ! market price is even higher than offer price.
103373998OP : Thanks for the insight, guys. Indeed, the offer price so much lower than market price. That's why I was confused when reading the email, thought I understood it wrongly. Glad that it's all cleared all, cheers!
103445825 : What is the logic there i catch no ball