Atualização do abaixo-assinadoUpholding Fairness and Integrity in Great Eastern General OfferOCBC final but “unfair” offer
molby lowsingapore, Singapura
17 de jun. de 2024

Thank you for your support. I have since forwarded our petition to SGX RegCo on 6/6/24.

As we know, the Independent Financial Advisor (IFA) has opined that the offer price is “unfair but reasonable”. However, OCBC has announced that the unfair offer price is final. If OCBC's intent is to delist GEH as stated in the offer document, how does offering an unfair price help them achieve this?

There is a recent case, Boustead Singapore, which serves as a precedent. If OCBC follows a similar path, those who accept the unfair offer now will lose out when OCBC makes a fair exit offer later. Unfortunately, some of us are not in a position to wait for the exit offer, which may take at least six months to materialize.

At this juncture, I believe only the relevant authorities can help us .

I have written a letter to SGX RegCo, citing our predicament and hoping that they can take action.

Let our voices be heard!

Thank you once again for your support.

All the best to you.

Best regards,

Molby Low Kian Chye

Copiar link
WhatsApp
Facebook
Nextdoor
E-mail
X