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treasury shares of 5% already in pocket , so genting holds almost 68-69% now ...only need another 5% ...even if unable to get it , they should able get it in open market later on....nothing says Gent cant purchase genm beyond 1st december...delisting will 100% happen , whether on 1st december or on a later date when gent slowing accumulates the balance 5%
Google AI:
"No, GENT cannot purchase GENM's treasury shares as part of the takeover bid because treasury shares are excluded from the offer. The takeover bid applies to all other outstanding GENM shares not already owned by GENT. The offer is designed to acquire the shares held by external shareholders to take full control of the company."
As at Nov 25, 2025, GENT announced to Bursa it had 62.327% (about 0.3% more than yesterday's) of GENM -- no @vijay 9999's BS figure. Also, do not tell us the ending for sure as we are not naive, OK?
Genting still can buy GENM treasury share if major shareholder of GENM approved the trade, and who is major shareholder of GENM u know la. Also the major shareholder still have a lot of share which under other public holder name. They will sell to Genting by last day. The major shareholder already plan this for many years and they won't fail it. So more than 75% absolutely not an issue at all.
@sean ong, then why gent not just do it now or before? why need to wait til last day?if do now, it will make the minor shareholder panic and accept the offer, the only reason is, they cant do that, they only can send u come here spread this fear and hope minor shareholder will panic and accept offer, and can u list down the "major shareholder" that u mean? do u have the number?
Google AI:
"No, GENT cannot purchase GENM's treasury shares under the current takeover offer because the offer is specifically for ordinary shares not already held by GENT, excluding treasury shares. The takeover document and the associated announcements clearly state that the offer is for a specific portion of GENM's issued shares, not its treasury stock."
AI:
"The cancellation of GENM's excluded treasury shares would proportionally increase the ownership percentage of all remaining shareholders, benefiting both the majority and minority blocks by increasing their respective stakes."
Xenomorph is teaching Earth people how to play stocks, haha:) First, the treasury shares belong to the "past" shareholders. Second, none of these shares belong to any current shareholders. And last, the "proportional" percentages to both sides (majority vs. minority) do not change after the cancellation since none of the opposing blocks "own" those treasury shares! The offer document excludes the treasury shares because they do not matter, cancellation or not.
AI:
"Treasury shares are not considered in calculations for a company's share structure for purposes like substantial shareholding, takeovers, or meeting quorums."
@sdx switch channel? if u r not genm minor shareholder, why u keep hard sell here and there? without ur 1 sided "suggestion", minor shareholder no need to rush to make their best choice at the end of offer expired date or after qr/casino result come out, they decide to sell or not, u no need to worry and is not ur business, u r welcome
Google AI:
"It is not legal for a major shareholder to own all treasury shares in a company listed on the Bursa Malaysia (KLSE), as a company cannot hold more than 10% of its total number of issued shares as treasury shares at any given time. Furthermore, treasury shares are held by the company itself, not by an individual shareholder."
Do not use DeepSeek as all Bursa documents, rules, and laws are all in English. Google AI so far the best at searching all the relevant references.
