UBS and CFC ceased to be a sub holder which about 20% of total stock, have not seen an increase in sub holders.
Retail holders mustve brought their share and though it was a bargain, well this obviously is not the case.
At worse Blumont is lending money at 5% pa which is actually very high in singapore. They are holding all the upside, lets hope there is another deal in place. Heck i'll even accept 20 cents takeover, management is too focused on themselves.
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