Boustead Projects

[dreamybear]

Thanks ghchua for sharing.

Based on your previous post(#379), just to clarify ... after fair and reasonable offer, still need more than 75% acceptance of the remaining independent Boustead Projects shareholders right ? 

If less than 75% acceptance, then it can technically remain forever suspended without the need to make future offers ?

Yes. If less than 75% acceptance, then delisting is not allowed even if the offer is deemed fair and reasonable by the IFA. But I don't think SGX will allow them to remain suspended forever. Ultimately, they will have to come out with another exit offer again 6 months later.

Thanks for the explanation. 

Just thinking aloud .... based on logic, the company will probably be always offering the lowest fair and reasonable price every time it is mandated to make an offer, because if it keeps offering a more generous price than the last, shareholders will probably expect ever higher prices for every offer that passed on. Then it may end up in a "Catch-22 situation" ??? Wonder whether there are other scenarios ....