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.
Investment in k1 Ventures
Prior to GKB Holdings’ proposed delist of k1 Ventures, I had actually wanted to increase my shareholding in the latter. But now I am seriously considering whether it is prudent to do so. I thought to myself what if the management of k1 Ventures made another ridiculously low offer to delist the company again in the near future? I would potentially suffer losses amounting to thousands of dollars if this happened again. So whilst they have made a dividend announcement of $0.005 per share to be paid in 14 November, I am not impressed at all and decided not to invest any more monies in this counter.
Note: The above article chronicles my investment experience in k1 Ventures and is meant for sharing. Readers must not take it as investment advice to buy or sell the share.
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SG Wealth Builder