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2,544 comment(s). Last comment by dompeilee at Jun 23, 2018 3:06 PM
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Kelvin KY
7 posts

Posted by Kelvin KY > Feb 7, 2018 9:43 PM | Report Abuse

So now what to do yah? When are they going to buy back from us at 3.18?


Brin Toh
7 posts

Posted by Brin Toh > Feb 9, 2018 4:30 PM | Report Abuse

Yea, want to know when they will back back from us too


Surewind
280 posts

Posted by Surewind > Feb 9, 2018 9:08 PM | Report Abuse

Almost 40% of my capital in this share, i need it for cny shopping in bursa. Already wait so long, better wait another few more days.


changccs87
194 posts

Posted by changccs87 > Feb 13, 2018 3:09 PM | Report Abuse

So long still yet to receive letter from them? Anyone of ur investment bank have receive the letter of offer?


chesslim
659 posts

Posted by chesslim > Feb 20, 2018 1:06 PM | Report Abuse

Waiting to take this quarter dividen lah.....


Cheng Munn Alicia
1 post

Posted by Cheng Munn Alicia > Feb 21, 2018 11:36 AM | Report Abuse

Has anyone received the letter? I’ve yet to receive


Woolei
274 posts

Posted by Woolei > Feb 21, 2018 4:32 PM | Report Abuse

They just issued the document yesterday, need 90% acceptance before 13th March @ http://www.theedgemarkets.com/article/jde-asias-offer-oldtown-shares-open-until-march-13-0


HoldingKing
296 posts

Posted by HoldingKing > Feb 21, 2018 7:25 PM | Report Abuse

Just Dont sell your shares!


Surewind
280 posts

Posted by Surewind > Feb 22, 2018 10:45 AM | Report Abuse

I just received the offer this morning. Going to wait till the end of this week before i sell.
Just to see their quarter results which should be out soon, if its bad then just sell if its good then might hold awhile more.


Kvin74
24 posts

Posted by Kvin74 > Feb 23, 2018 8:35 AM | Report Abuse

there some announcement on these 20th Feb. But I dun really understand what to do next.

anyone can


Kvin74
24 posts

Posted by Kvin74 > Feb 23, 2018 8:36 AM | Report Abuse

anyone can advise??


Ah Huat
5 posts

Posted by Ah Huat > Feb 24, 2018 9:37 PM | Report Abuse

I just received a "form of acceptance and transfer" from Jacobs Douwe Egberts Holding. What happens if i ignore it?


WiseTrade
16 posts

Posted by WiseTrade > Feb 26, 2018 1:22 PM | Report Abuse

Basically, there will be a few scenarios likely to happen.
First, if you accept the offer then just signed the accetance letter and send it back for 3.18.
Second, if you ignore the offer and held on to the oldtown shares, then there are two scenarios likely going to happen. If Jacob managed to get 90% of oldtown then you will be forced to sell your oldtown share to them at 3.18 as well. If Jacob did not managed to get 90% (75%-80%). Then Jacob can either revised their offer higher than 3.18 hoping the remaining shareholders will sell them or they can absorb enough stock from open market by either pressing the price and slowly absorb or purchasing the remaining % at higher price than 3.18 and push up the prices.


changccs87
194 posts

Posted by changccs87 > Feb 27, 2018 6:02 PM | Report Abuse

Peter kwan ur is direct acc or nominees?


jenngu
95 posts

Posted by jenngu > Mar 1, 2018 11:00 AM | Report Abuse

I noted the buy-Q very high, worst scenario will still be at 3.18 right, just that, in that interim period of processing after the deadline of accept & transfer, one might have to wait for the $ if they are successful.


jenngu
95 posts

Posted by jenngu > Mar 1, 2018 11:03 AM | Report Abuse

changccs87, any difference treatment or outcome between direct acc or nominees??


Ah Huat
5 posts

Posted by Ah Huat > Mar 1, 2018 2:38 PM | Report Abuse

changccs87 direct acc


cchuan
18 posts

Posted by cchuan > Mar 2, 2018 12:31 PM | Report Abuse

How or where can i get the "Depositor's Copy of Bursa Depository Transfer Form"? Anyone can share the link? Thanks.


cckkpr
220 posts

Posted by cckkpr > Mar 2, 2018 4:21 PM | Report Abuse

cchuan, go to broker and get it done. Ask them to do posting for you to Share Registrar. They will charge you RM10.60 for transfer and postage of RM5.00.


cchuan
18 posts

Posted by cchuan > Mar 2, 2018 11:47 PM | Report Abuse

cckkpr,Thanks. Anyone here recommend we sell to them? or continue to hold?


Alamak99
42 posts

Posted by Alamak99 > Mar 3, 2018 5:59 PM | Report Abuse

At this stage can still hold, the percentage that JDE is holding at this stage is still a mere 54pct. Still some way to go.


Alamak99
42 posts

Posted by Alamak99 > Mar 3, 2018 6:04 PM | Report Abuse

Does anyone know why the shareholders of OTISB, LSH want to sell their majority stake in OTB?


hollandking
3779 posts

Posted by hollandking > Mar 3, 2018 6:09 PM | Report Abuse

what else, $$$$$


Alamak99
42 posts

Posted by Alamak99 > Mar 6, 2018 2:14 PM | Report Abuse

Yes, the question is exactly that.
What else, other than Dollars? Surely Dollars is not the only reason.


Woolei
274 posts

Posted by Woolei > Mar 6, 2018 9:39 PM | Report Abuse

JDE hold 62.6% already


Alamak99
42 posts

Posted by Alamak99 > Mar 7, 2018 5:43 PM | Report Abuse

62.6% is still some way to go to reach 90%. If JDE hit 90% or more, then it becomes mandatory for JDE to offer to holders for cash.

Bursa rules require that at least 25% of its shares must be held by the general public for it to continue listing in Bursa. That means as long as JDE does not hold more than 75% of its shares, it can continue remain in public listing.

But taking OTB private can be a headache if there are still substantial shares held by the general public. The public can still hold on to its shares even if taken private.


Woolei
274 posts

Posted by Woolei > Mar 7, 2018 8:55 PM | Report Abuse

http://www.theedgemarkets.com/article/oldtown-public-shareholding-spread-dips-under-25
77.36% oldtown share


dompeilee
7000 posts

Posted by dompeilee > Mar 12, 2018 9:38 PM | Report Abuse

I missed my deadline to send the acceptance form. Looks like I will hv to wait a longer time 2 get a check in the mail :)


Surewind
280 posts

Posted by Surewind > Mar 15, 2018 1:09 PM | Report Abuse

I have sold all my shares but I do not understand the last part.

In the event OldTown is unable to comply with the public spread requirement as a result of acceptances received pursuant to the offer, the offeror has no intention of taking any steps to address the shortfall in the public spread requirement," it added. (The Edge)

What does , "the offeror has no intention of taking any steps to address the shortfall in the public spread requirement" mean?


cy91
389 posts

Posted by cy91 > Mar 21, 2018 10:08 AM | Report Abuse

mean JDE dont want to keep it listed


Woolei
274 posts

Posted by Woolei > Mar 21, 2018 10:11 AM | Report Abuse

KUALA LUMPUR (March 20): Jacobs Douwe Egberts Holdings Asia NL BV (JDE Asia) has received valid acceptances for 456.78 million OldTown Bhd shares, representing a 98.6% stake in the company, following the closing of its offer today.

In a filing to Bursa Malaysia, OldTown said the offeror will compulsorily acquire the remaining shares as provided for by the Capital Markets and Services Act 2007 (CMSA).

"The offeror will issue a notice in the form or manner specified by the Securities Commission Malaysia under Section 222 of the CMSA, informing the dissenting shareholders of the offeror's intention to compulsorily acquire their OldTown shares," it said.

The compulsory acquisition notice will be sent to the dissenting shareholders within two months from March 13.

In February, JDE Asia issued its offer for OldTown shares at RM3.18 per share, after receiving irrevocable undertakings from Old Town International Sdn Bhd, Lee Siew Heng and Mawer Investment Management Ltd, who collectively hold 238.32 million shares or 51.45% stake.

The initial closing date of the offer was on March 13 but was extended for one week to March 20.

The offeror intends to delist and privatise OldTown upon the acquisition, as this would provide both parties greater control and management flexibility in the implementation of any strategic initiatives or operational changes.

OldTown's share price fell 4 sen or 1.27% to close at RM3.12, giving a market capitalisation of RM1.45 billion.

http://www.theedgemarkets.com/article/jde-asia-receives-valid-acceptances-986-oldtown-shares


dompeilee
7000 posts

Posted by dompeilee > Apr 1, 2018 7:50 PM | Report Abuse

The LAST AGM of Oldtown Bhd...no more free coffee from them! : https://www.youtube.com/watch?v=XGJTAYlm6No


Jacob Chong
3 posts

Posted by Jacob Chong > Apr 18, 2018 2:37 PM | Report Abuse

I didnt manage to sign and send the agreement to sell my shares with OLDTOWN. What the possible solution now if I want to sell my shares?


ywchan830
1 post

Posted by ywchan830 > Apr 18, 2018 4:24 PM | Report Abuse

This is compulsory acquisition, nothing you can do now since it was delisted.So just wait, soon or later you will receive a cheque from them. RM 3.18 per share.


LimKL1
301 posts

Posted by LimKL1 > Apr 18, 2018 4:42 PM | Report Abuse

可哟


Jacob Chong
3 posts

Posted by Jacob Chong > Apr 20, 2018 9:33 PM | Report Abuse

Send cheque to my house? But I am not dwelling in my hometown. Lets say normally i also receive dividend via online banking GIRO. Will the cheque directly bank in to my bank account?


cy91
389 posts

Posted by cy91 > May 2, 2018 9:25 PM | Report Abuse

when will receive my money, stuck so long in oldtown


striker888
215 posts

Posted by striker888 > May 25, 2018 9:24 AM | Report Abuse

Anyone received their money yet?


shivpriye
5 posts

Posted by shivpriye > May 30, 2018 11:17 AM | Report Abuse

received ... directly in the bank account


Woolei
274 posts

Posted by Woolei > May 30, 2018 3:57 PM | Report Abuse

hi shivpriye, when u received it?


Woolei
274 posts

Posted by Woolei > Jun 4, 2018 2:15 PM | Report Abuse

Hi All, I contacted Tricor and received the reply below:

Please be informed that the Compulsory acquisition payment was made on 14 May 2018 and the cheque was desptach to your address stated below by ordinary mail.

it wont directly bank in to bank account, it is a cheque.

by end of June we all should receive it, if not yet you may contact is.enquiry@my.tricorglobal.com or Tel: +6(03) 2783 9299


Teng Hau Lee
1 post

Posted by Teng Hau Lee > Jun 7, 2018 11:01 AM | Report Abuse

Hi Woolei, Is Tricor their representative? I had a change in address, who can I contact for this so that they can send the cheque to the correct address.


Woolei
274 posts

Posted by Woolei > Jun 7, 2018 9:11 PM | Report Abuse

is.enquiry@my.tricorglobal.com or Tel: +6(03) 2783 9299, for email they reply me the next day. i still havent get my cheque yet too


dompeilee
7000 posts

Posted by dompeilee > Jun 23, 2018 3:06 PM | Report Abuse

LAST AGM : https://www.youtube.com/watch?v=XGJTAYlm6No

I got paid by Jacob Douwe Egberts three weeks ago.

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