JunJie2525
2022-04-01

$Razer(01337)$I read the joint annoucement released on 29/03/2022, some highlights:

Court and general meetings to be held on 26 April morning, the purposes of which are to consider whether or not to approve the privatization scheme.

Results of meetings will be announced by Razer by 26 April, not later than 7pm.

Last day we are allow to trade this stock: 27 April

One final grand court hearing: 6 May

Privatization to be effective on: 11 May

Shares to be withdraw on: 13 May

Cheques to be dispatch to shareholder no later than: 20 May 


My personal opinion: we will get our $ directly from Tiger as ours is a Custodian Account, meaning Tiger holds Razer stock on our behalf.

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Comments

  • ElvisMarner
    2022-04-01
    ElvisMarner
    Do you think the privatization plan can be successfully implemented?
    • JunJie2525ReplyElvisMarner: 
      I too believe the privatisation is 99% done deal
    • ElvisMarnerReplyJunJie2525: 
      The CEO owns so many shares.
    • ElvisMarnerReplyJunJie2525: 
      Minority shareholders need to be brave.
    • JunJie2525: 
      From courts point of view, I dont think privatising a company is anything illegal, unless enough shareholders can show that this privatising, driven by the CEO, is not in their best interest …
    • JunJie2525: 
      … but how big are these group of shareholders, I really don’t know. The top 2 shareholders own 54% of razer so I doubt this privatisation will fail. Fingers cross i’m right! Haha
  • BellaFaraday
    2022-04-01
    BellaFaraday
    So it looks like I'm going to sell Razer in a hurry recently.
  • tinkie
    2022-04-01
    tinkie
    With Thunderbird's earnings skyrocketing last year, I think this company is not bad.
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