the Offeror in fact at the time of annoucement, already haveabout 50% of the whole share structure .
Kimtrans Singapore Pte Ltd sold (or agree to sell) to them at S$0.7 about
22.17% of the total shares
Tan Choon Hock (Tan Chin Hock??) sold or agree to sell 8.96% at S$0.7 about the total shares.
After Toll take over all the shares, sure, Semb Kim will be taken down, because the SGX rule requires at lease xxx percentage are held in open market. (23% ?) cannot remember.
Big share holders sell their shares at such a discount,
I see it a piece of shit thing.
SGX rule requires at lease 20% are held in open market
if i am not wrong