Time Watch

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13 years 9 months ago #5174 by Mel
Replied by Mel on topic Re:Time Watch
I hope someone comes along & tell me why I am dead wrong in my scenarios.

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13 years 9 months ago #5178 by Bestworld
Replied by Bestworld on topic Re:Time Watch
Unless share price moves above 27c...the chance for delist is very very high!!!! If you have been tracking TW.....prior to the announcement, there is already programmed buying at around 19c-20c level. Who bought all those shares?!!!!!!

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13 years 9 months ago #5214 by Bestworld
Replied by Bestworld on topic Re:Time Watch
Q2 profit SURGED!! This is getting interesting!!

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13 years 9 months ago #5229 by PJ
Replied by PJ on topic Re:Re:Time Watch
hope someone can post expiry date of offer

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13 years 9 months ago #5230 by pine
Replied by pine on topic Re:Time Watch
I am no expert on this but just to share with PJ an example of China Angel. Today it announced it has achieved 96% acceptance for its takeover offer.

Last day of trading is tomorrow. It has been 3 months since Nov 15 when it announced the delisting offer. Along the way, it had achieved shareholder approval for this.

I believe Time Watch will have to call for a EGM to get shareholder approval - it is assured since the Offeror already owns more than the 75% level required. The question is, can Offeror (ie, Mr Tung) achieve 90% in order to effect compulsory acquisition? The remaining shareholders seem to be unwilling to sell out at 26.5 cents.

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13 years 9 months ago #5242 by Bestworld
Replied by Bestworld on topic Re:Re:Time Watch
Offeror already owns more than 75%?

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