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Salim's axe really sharp and big. Green juice will be flowing soon.
Peter_Pan ( Date: 02-Sep-2013 14:53) Posted:
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Just like watching TVB drama.
Orh Bee Good Ang Moh Jiak Goo Lut
The message is clear.... dun play play with the rich man hor!
skbeng ( Date: 02-Sep-2013 14:48) Posted:
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Time of Lifting of Trading Halt:
1530 hours
1530 hours
You are right. That is the ball game they are playing. Indo chinese are born business man. They have $$$ and power. Dun play play. Ang Mo RIP. Tmr $1.40 you also must cried and buy.
1035834 ( Date: 02-Sep-2013 14:48) Posted:
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lesson learn " don't try to steal chicken from rich. rich can kill a few more chicken to chop your hand"
Glaucus....haizz....
100% agree. If Ah Ma Temasek and Ah Kong is Salim
heavenknow ( Date: 02-Sep-2013 14:49) Posted:
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Next time buying shares can throw fundamentals to the back liao...more important to check got ah gong or ah ma around anot
So with privatization, the fraud claim is no longer investigated? All sweep under the veggi?
It's a rich man game.
It's a rich man game.
Farmer ( Date: 02-Sep-2013 14:46) Posted:
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i think share price will be push higher than 1.12 , Glaucus need to buy back from market which they borrow for shorting.
My frn, they just want to kill off the shortist. Salim group have Tons of $$$. You short my investment, i bankrupt your ang mo hedge fund.
skbeng ( Date: 02-Sep-2013 14:37) Posted:
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Congrats to those that have courage to brought on that day. Cheap sales is over!
Not vested just missed the chances that day by watching only.
I see privatisation(intended) as a way forward by major shareholders to punish the short seller at least for now.
Going forward, I think SGX is already overdue to implement " circuit-breakers" in both directions to better protect esp. the retail investors whom may not have ready access to any " insider" or market news.
What could go so wrong to warrant a near 50% decline in share prices within 90mins of trading?
SGX???
shortist die liao. not vested or shorted.
Good play of CMZ.
反 败 为 勝 ！ ！ ！
OFFER ANNOUNCEMENT
1. INTRODUCTION
UOB Kay Hian Private Limited (" UOBKH" ) wishes to announce, for and on behalf of PT
Indofood Sukses Makmur Tbk (the " Offeror" ), that the Offeror has today agreed to acquire
pursuant to married deals an aggregate of 25,590,000 issued and paid-up ordinary shares
(the " Shares" ) in the capital of China Minzhong Food Corporation Limited (the " Company" ),
representing approximately 3.90% of the total number of issued Shares1
(the " Acquisition" ),
at the price of S$1.12 per Share.
Following the Acquisition, the Offeror owns, controls or has agreed to acquire an aggregate of
219,525,382 Shares, representing approximately 33.49% of the total issued Shares.
As a result of the Acquisition and in accordance with Rule 14.1 of the Singapore Code on
Take-overs and Mergers (the " Code" ), the Offeror will make a mandatory conditional cash
offer (the " Offer" ) for all the remaining Shares, other than those Shares held by the Company
as treasury shares and those Shares owned, controlled or agreed to be acquired, directly or
indirectly, by the Offeror as at the date of the Offer (the " Offer Shares" ).
I feel something is not quite right here.
Why would IndoFood want to take over the company this way? To save their 20+% stake from going to zero?
Cause with the stated intention to " maybe" takeover CMZ, it will surely push the price up, why would a company want to push up the price of a company that they are taking over? No logic leh, should want to take over a company as cheaply as possible and mop up the shares quietly right?
Remember that stock prices don't really affect the running of the company if it is truly no fraud involved. They can just slowly accumulate the shares cheaply until the trigger takeover requirement.
Somebody enlighten me.
PS. I am not vested and watching the drama unfold.
1035834 ( Date: 02-Sep-2013 14:26) Posted:
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https://glaucusresearch.com/wp-content/uploads/downloads/2013/09/GlaucusResearch-Rebuttal_to_China_Minzhong-SGX_K2N-BBerg_MINZ_SP-Strong_Sell_September_2_2013.pdf
Octavia ( Date: 02-Sep-2013 14:29) Posted:
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