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Unlike genm, the consortium led by Quadria has secured about 73% of shares, so i think they are not eager to sapu from market. Genm has only crossed 50% last week (the % to enable the offer to become unconditional)
It takes maybe up to 6 months or more to finalize everything. So there is time cost. Second, some ppl bought using margin, and the margin interest > 4% difference between 2.54 to 2.64
Samantha: another reason ppl sell now is probably due to they dont want to wait for the whole process which could take many months. So they are ok to lose 2-3 % than holding the stock for another, say 6 months.
Some still think that the offer will fail. They wont get the rm2.64. And the founder himself is selling to others, that is not a good sign. (Info: even if this deal succeed, Dr Kee will only hold 6% of the final + cash)
Augustine: can read the latest news: Apex healthcase offer may turn unconditional. The author has excluded WHSP (29%). WHSP has agreed (in writing) to sell
