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If we insisted don't want to sell, after privatized, are we still able to sell? Or they will buy our ticket automatically at rm11? What pro and con of keeping the tickets till the end? Is anyone encountered this sitiation before?
If they get 90% shareholders agree on the privatisation, then the privatisation process is considered complete, the company will be delisted from bursa.
You will still be given several months time to sell all your shares with RM11 per shares.
After that period of time pass and you didn’t sell your shares, you will no longer be offered RM11 per share, you need to discuss with them face to face about how much they wiling to pay to buy your remaining shares OR they don’t even bother to buy it anymore since they already have majority of the shares and the company delisted from bursa.
My advice to you is ACCEPT the privatisation offer at RM11, don’t be stupid enough to think that you can sell them at higher price.
Once the privatisation fail, the share price might fall below RM11. Once the privatisation success and you stubborn enough to keep it, you will not be guaranteed to sell at RM11 since it cannot be sell at open market anymore.
Why make yourself so struggle? Just sell it at RM11 and take your profit. There are thousands of shares waiting for you to explore and earn much more profit in the future.
Sharing my experiences on delisting of GHL & UMW where I also didn't accept the delisting offer price before expured date, but in the end of the day, they still send me a cheque equivalent with the offer price to buy the shares from me.
I didn't attend AGM to vote for the offer instead of keeping it until delisting. After around 2 months, they will send you a cheque to so call 'force you out' as a shareholder.
