Make sense to buy now since Temasek offer at 7.35?
ReplyDelete
Probably still can short Kep Corp as Temasek's offer may lapse and Oct 2021 is still far, far away!
There is no common sense in the market. Never!
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A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
3 weeks ago
I thought its Oct 20?
ReplyDeleteooo Yeap! Each of the pre-conditions must be satisfied or waived by 5pm on Oct 21, 2020, otherwise the offer will not be made.
DeleteThe making of the offer is also subject to the Keppel group’s financial performance and condition not deteriorating meaningfully over the period, and, where applicable, the consents of counterparties to material contracts which a Keppel group company is party to.
Each of the pre-conditions must be satisfied or waived by 5pm on Oct 21, 2020, otherwise the offer will not be made.
The offer will require both majority approval by more than 50 per cent in value of valid votes cast, as well as acceptances of not less than 30.55 per cent of the total issued shares such that Temasek and Kyanite will directly hold 51 per cent.