Boustead Projects

[ghchua]

Hi ghchua,

Do I understand correctly that:
BP can't delist now but they can be suspended then directed to delist later? 
Isn't this like (sorry, for lack of better term) LPPL!!!

Hi ksir,

BP can't delist now because they did not meet one of the requirements for delisting, which is to obtain a "Fair and Reasonable" opinion from the IFA.

Yes, they might be directed to delist later, if they refuses to comply with free float requirements for listing after suspension. But then again, they have to give a delisting exit offer that is deemed "Fair and Reasonable". The exit offer might not be the same as the current GO offer price. So, its not LPPL as what you have stated.