This morning, at 8.30am, I dropped a pink envelope into the Singpost letterbox. Contained in the pink envelope was the acceptance letter to sell off my Adampak stake to Navis Capital. Navis made an offer to buy over Adampak at $0.42/share.

My initial plan was to wait out till around 24th May to accept the offer. However, I accepted the offer much earlier as Navis had acquired 88.76% of Adampak as of yesterday and it was no point holding out any longer. This evening, after posting my letter, news was released that Navis had acquired 91.74% of Adampak and has exercised the right to completely acquire Adampak. It was a “right” timing to post my letter, so to speak.

Now, I have to look for ...