otobot's comment on LAYHONG. All Comments
otobot
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takeover would affect the counter positively?
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2 years · translate ·
dass suki
wait mandatory take-over offer.. how much they offer to buy and what their next planning, stay at bursa or quit.. refer to fgv, felda offer high price to buy but failed to take over bcoz their planning to quit from bursa
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otobot
if quit then burn ah?
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dass suki
no, cannot burn.. to take over, they must offer to buy all floating share in open market.. offer price may higher than current market price..

it is same case like TS syed mokthar albukhary want privatise MMC last month.. they offer to buy at rm2 per share..
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otobot
alright. thank you for explaining!
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Falcon 12
take over? which company
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dass suki
see latest annoucement and 8 june annoucement
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Falcon 12
noted for acquisition stf?
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Wong Chee Hui
u means someone going to take over layhong???
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dass suki
if acquisition stf complete, dato yap will have over 33% of total layhong share, thus he have option to make mandatory takeover offer.. anyway he will not make take over..

u all can read how mandatory takeover here -
https://www.laworld.com/malaysia-the-malaysian-stock-market-and-takeover-offers-during-covid-19/
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