Wingless angel's comment on 2925. All Comments
Wingless angel
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What happened if Jardine managed to get 90%? What will happened to the minor shareholders?
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3 years · translate ·
TING LIP ONG
If Jardine request for delist then you will holding unlisted shares. You will still receive dividend if Co declare any dividend.
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Poh Kian Loi
Not quite the case. In order to be delisted (in this case if JCCL owns more than 90% of the free float), JCCL still needs to make an Exit Offer to all minority shareholders, and the requirement for an Exit Offer is as high as a SCR.

Long story short, assuming JCCL now owns 90% of CCB and goes on to make that Exit Offer, it needs effectively 7.5% of the free float shareholding to accept. It won’t happens until JCCL gets the >3.5% shareholding of OPen Road Asia Sdn Bhd.
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1 Like · 3 years · translate
TING LIP ONG
Poh Kian, if Open Road reject the offer and below Bursa public spread, what will happen? CCB offer private placement? Or what next?
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