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BKB knows that they are taking over the undervalued company, that's why it and it's deemed related parties keep buying up the shares from the open market.
Now I only realised that BKB's deemed related parties bought a lot of MKHOP shares through the open market. This means higher chances the share price will go higher.
Good to hear that another investor rejected it. Even though I don't have a million shares like you, I still think the offered price is too low and unfair. Totally reject it.
MKHOP today's closing price at RM0.665 (with an intraday high of RM0.67) directly above the RM0.6626 cash offer price sends a clear signal to the market: investors believe the offer is too cheap, and minor shareholders are refusing to sell at a discount.
You can check the offered price from BK & KLK when they took over CCM, IJM Plantation & BPlant, which is much higher than what offered to MKHOP. Therefore small investors like us must unite and reject the offer.
I totally agree with Tee, SC and Bursa should do something to protect small investors like, instead keep on asking us to participate in shares market..
