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Many mandatory offers (MO) in the past also failed, if you check the past history. A majority holder simply liked a particular company so much and invested more into it, but that doesn't mean he/she would want to really swallow the whole company.
1.11 The timeline in respect of the Offer is as follows:
Notice served on the Board of Offeree - 13 October 2025
Posting of this Offer Document - 3 November 2025
Last day for the issuance of the Independent Advice Circular - 13 November 2025
First Closing Date(1) - 24 November 2025
Chon Wai, either
(i) They mandatory take-over and refund you 2.35 per share (GenT > 90%),
(ii) Or they have one last offer (at the same price or usually higher) before finally get delisted by Bursa, but expect many more months later, whereby any last unsold shareholder would become a private owner of GenM for good (75% < GenT < 90%),
(iii) Or you stay as a shareholder with your shares still tradable on Bursa (GenT < 75%).