New Toyo

[Underdogger]

http://forum.shareinvestor.com/archive/0...02_12.html

For listed company to become private company, it is usually the result of takeover (privatisation) exercise. The company act allows a offeror to compulsory acquire the shares owned by dissenting shareholders when
i. The offeror gets more than 90% of the capital of the target company.
ii. And more then 90% acceptance of balance capital, i.e. those not owned by offeror initially.

Yen family owns abt 52%.
10% of Remaining 48% OR 4.8% is enough to block the deal.

just scroll thru the list of top 20 shareholders. Just pick any 2 and they can block the deal.

GG, can u show me how can the Yen Family privatize NT so easily? unless they resort to underhand methods...haha