My experience is that my CPF agent bank will always send me a letter, asking me whether to participate in any corporate actions, be it right issues, preferential offers, takeover offers etc. Therefore, by default, the CPF agent bank will not do anything unless they received your instructions. They will not accept the offer unless you instructed them to do so.
I haven't heard of any GO whereby the default is considered as accepting the offer for your shares bought using CPF Investment Account. I think it is best that you check with them again.
My experience is that my CPF agent bank will always send me a letter, asking me whether to participate in any corporate actions, be it right issues, preferential offers, takeover offers etc. Therefore, by default, the CPF agent bank will not do anything unless they received your instructions. They will not accept the offer unless you instructed them to do so.
I haven't heard of any GO whereby the default is considered as accepting the offer for your shares bought using CPF Investment Account. I think it is best that you check with them again.
I might hv misinterpret it. It could be if I submit the offer letter but did not indicate the number of shares, it will be deemed as fully accepted the offer.
My experience is that my CPF agent bank will always send me a letter, asking me whether to participate in any corporate actions, be it right issues, preferential offers, takeover offers etc. Therefore, by default, the CPF agent bank will not do anything unless they received your instructions. They will not accept the offer unless you instructed them to do so.
I haven't heard of any GO whereby the default is considered as accepting the offer for your shares bought using CPF Investment Account. I think it is best that you check with them again.
If that is the case, then it not only applies to CPF Investment Account. It applies to your shares held in CDP as well.
For shares held under CDP, if you did not put in the number of shares that you wish to accept the offer and you sign off the form and submit it, you are deemed to accept the offer with respect to all your shares held in the free balance of your CDP account.
(15-06-2016, 04:21 PM)gzbkel Wrote: ^^ Once it becomes unconditional, about 7 days.
Question is how long it takes before enough people accept to get to 90%.
My broker give a rough ballpark estimate of about 2-3 months from the time the GO is offered.
The acceptance rate is 88.82% right now... Very close. I doubt they need to extend the offer at this rate.
They need another ~21million shares in order to achieve 90%. Looking at the miserable few hundreds to 1k plus lots traded everyday, seems might not become unconditional by date due. Maybe towards end of next week we will be able to tell more accurately . Date due for my CPF bought shares is 22 June. Funny for CPF bought shares, they mention offer is considered to be accepted by default.
Acceptance as of today is 89.04%. Still got 6-7 Working days left.
Very soon now. Should be able to reach if the acceptance rate sustain.
(15-06-2016, 04:21 PM)gzbkel Wrote: ^^ Once it becomes unconditional, about 7 days.
Question is how long it takes before enough people accept to get to 90%.
My broker give a rough ballpark estimate of about 2-3 months from the time the GO is offered.
The acceptance rate is 88.82% right now... Very close. I doubt they need to extend the offer at this rate.
They need another ~21million shares in order to achieve 90%. Looking at the miserable few hundreds to 1k plus lots traded everyday, seems might not become unconditional by date due. Maybe towards end of next week we will be able to tell more accurately . Date due for my CPF bought shares is 22 June. Funny for CPF bought shares, they mention offer is considered to be accepted by default.
Acceptance as of today is 89.04%. Still got 6-7 Working days left.
Very soon now. Should be able to reach if the acceptance rate sustain.
(15-06-2016, 04:21 PM)gzbkel Wrote: ^^ Once it becomes unconditional, about 7 days.
Question is how long it takes before enough people accept to get to 90%.
My broker give a rough ballpark estimate of about 2-3 months from the time the GO is offered.
The acceptance rate is 88.82% right now... Very close. I doubt they need to extend the offer at this rate.
They need another ~21million shares in order to achieve 90%. Looking at the miserable few hundreds to 1k plus lots traded everyday, seems might not become unconditional by date due. Maybe towards end of next week we will be able to tell more accurately . Date due for my CPF bought shares is 22 June. Funny for CPF bought shares, they mention offer is considered to be accepted by default.
Acceptance as of today is 89.04%. Still got 6-7 Working days left.
Very soon now. Should be able to reach if the acceptance rate sustain.
Who is buying at 1.025? Why? The Company?
But why the company reports buying at 1.02 only, are they cheating?
(15-06-2016, 08:51 PM)marandaz Wrote: The acceptance rate is 88.82% right now... Very close. I doubt they need to extend the offer at this rate.
They need another ~21million shares in order to achieve 90%. Looking at the miserable few hundreds to 1k plus lots traded everyday, seems might not become unconditional by date due. Maybe towards end of next week we will be able to tell more accurately . Date due for my CPF bought shares is 22 June. Funny for CPF bought shares, they mention offer is considered to be accepted by default.
Acceptance as of today is 89.04%. Still got 6-7 Working days left.
Very soon now. Should be able to reach if the acceptance rate sustain.
Who is buying at 1.025? Why? The Company?
But why the company reports buying at 1.02 only, are they cheating?
(15-06-2016, 04:21 PM)gzbkel Wrote: ^^ Once it becomes unconditional, about 7 days.
Question is how long it takes before enough people accept to get to 90%.
My broker give a rough ballpark estimate of about 2-3 months from the time the GO is offered.
My interpretation after reading the GO doc is this. If after the GO deadline and is still conditional, shareholders can sell their shares in the open market?
In the event the GO price is raised after the deadline, those who have or have not accepted will be entitled to the new GO price.
In the event the GO price is lowered, those who have accepted in the first place will receive the original GO price while those who didnt will get the new lower GO price if GO becomes unconditional.
(15-06-2016, 04:21 PM)gzbkel Wrote: ^^ Once it becomes unconditional, about 7 days.
Question is how long it takes before enough people accept to get to 90%.
My broker give a rough ballpark estimate of about 2-3 months from the time the GO is offered.
My interpretation after reading the GO doc is this. If after the GO deadline and is still conditional, shareholders can sell their shares in the open market?
In the event the GO price is raised after the deadline, those who have or have not accepted will be entitled to the new GO price.
In the event the GO price is lowered, those who have accepted in the first place will receive the original GO price while those who didnt will get the new lower GO price if GO becomes unconditional.
My interpretation correction or not ha?
GO price is lowered? I haven't seen one yet. Both have accepted and have not yet accepted, will get the same GO price eventually, upon unconditional.
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. Date due for my CPF bought shares is 22 June. Funny for CPF bought shares, they mention offer is considered to be accepted by default.
