YeeLee will cease trading on 1 July 2020 as the stock will be de-listed
from the exchange after the major shareholder(s) have successfully acquired
more than 90% of its issued shares. For more, go here.
In May, the major shareholder(s) extended its offer to buy out minority
shareholders from 12 May 2020 to 23 June 2020 at a price of RM2.06 per share,
which is lower than the earlier offer price of RM2.33 per share in the
unsuccessful take-over offer in April 2019.
Yesterday, the major shareholder(s) have offered to buy out any
remaining minority shareholders' shares even after the de-listing of the stock
at the same price of RM2.06 per share, up to 24 September 2020. For more
details & "Acceptance Form", go here.
Chart: YeeLee's daily chart as at 26 Jun 2020 (Source: Malaysiastock.biz)
If you are a minority shareholder of YeeLee, you have a choice of (1) holding onto the shares of a private company or (2) selling off the shares via the market (before 1 July 2020) or by accepting the offer by the major shareholder(s) before 24 September 2020.
My recommendation is to selling off YeeLee shares whichever way is to your convenience. If you still like to be invested in a stock with YeeLee DNA, you can consider Spritzr, a natural mineral water company that's currently part of the YeeLee group.
https://nexttrade.blogspot.com/2020/06/yeelee-de-listing-from-1-july-2020.html
