Last month, I posted an article on GKB Holding's proposed voluntary conditional cash offer for k1 Ventures Limited, the investment arm of Keppel Group. I am pleased to inform readers that the proposal did not go through and that the offer had lapsed on 14 September. The company had received only 77.62% of the total number of issued shares, way below the required 90% for the proposal to go through.
Extension of offer closing date
I was quite annoyed with GKB Holdings for extending the offer closing date TWICE. I thought the management of GKB Holdings was quite disrespectful to the minority shareholders when they extended the offer closing date without even improving the offer. I mean in view of the APB and Heineken saga, they should have revised and enhance the offer to make it appealing to the shareholders. Instead, they stuck with their initial offer of $0.135 per ...
...Extension of offer closing date
I was quite annoyed with GKB Holdings for extending the offer closing date TWICE. I thought the management of GKB Holdings was quite disrespectful to the minority shareholders when they extended the offer closing date without even improving the offer. I mean in view of the APB and Heineken saga, they should have revised and enhance the offer to make it appealing to the shareholders. Instead, they stuck with their initial offer of $0.135 per ...
