City Developments (CDL)
16-03-2021, 01:14 PM
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same! 3) CASH in hand is KING in BEAR! 4) In BULL, SELL-SELL-SELL! 
CDL@661
1HFY2021 Result with 3 cents dividend https://links.sgx.com/FileOpen/1H_2021_C...eID=678326 https://drive.google.com/open?id=1r-GFob...3qXQxg---6 Stay home and stay safe, everyone. 
Wow~ Getting a straightforward rebut from the guys/girls whom you fed with your hand. These IDs have balls and didn't even wait for the IFA report to issue a formal response. They also rightly asked shareholders to "TAKE NO ACTION AND IGNORE THE OFFER DOCUMENTS" (bold and italics in their press release statement) as they will engage an IFA to evaluate the offer.
Maybe it is just the angmoh brashness? After all, we Asians are not wired to create such confrontational situations unless you have familial (eg. cousin) ties  CDL Kiwi unit’s NZ$2.25-per-share offer ‘too low and inadequate’: M&C New Zealand THE offer by City Development Limited’s (CDL) wholly owned subsidiary to take Millennium & Copthorne Hotels New Zealand (MCK) private at NZS$2.25 per share is “too low and inadequate”. In a bourse filing on Monday (Feb 10), MCK said: “The independent directors believe that the offer does not sufficiently reflect the value of MCK’s hotel and property net assets, and the benefits that MCK can expect as the hotel and property markets recover.” Leslie Preston, chair of the independent directors committee, said: “We will provide shareholders with a target company statement within the next two weeks that will include more detail, but we are advising shareholders to take no action at this time.” https://www.businesstimes.com.sg/compani...ew-zealand ----------------------- There is no benefit or advantage to MCK shareholders in accepting CDLHH NZ’s Offer early and once given, your acceptance cannot be withdrawn. MCK shareholders who accept the Offer will not be paid unless and until the offer becomes unconditional. This could be several months from now, if ever. Actual PR: https://mckhotels.co.nz/investors/wp-con...b-2025.pdf |
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