Expect malaysia next year to build additional 6 WTE plant. Is it good news for KNM?

Scomi will be heated up now...

Considering general lee holding 35.4% of KNM shares(include Gan and Intermerger), is he getting his objective to privatized the business again?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5380829

Thought they are going through share buyback now with yesterday announcement?

any news in regarding High5? Consider settled and now in progress to get back the $$ or at least able to rent that factory or sell it off??

Hopefully after the high 5 case settlement by end May, the share price will be back to RM1 level.. else guess so far the dividend seen to be still ok

On 17 October 2014, High-5 Conglomerate Berhad (formerly known as SilverBird Group Berhad) (“High-5”), as the 2nd Plaintiff
together with Standard Confectionary Sdn Bhd (“1st Plaintiff”) filed a Writ of Summons and Statement of Claim on 17 October
2014 where Trustee is the 2nd Defendant in the said suit. In its Statement of Claim, both Plaintiffs pray for the following orders:
(a) A declaration that the title of Trustee to SilverBird Factory and the Statutory Lease in favour of High-5 are defeasible by virtue
of the National Land Code 1965;
(b) An order that the all the transfers and leaseback arrangements between the parties be all declared null and void and be set
aside;
(c) A declaration that the sale and leaseback arrangement between the 1st Plaintiff, High-5 and 1st Defendant, respectively, is
fraudulent and illegal and against public policy;
(d) A consequential order that the Register of Land Titles be directed to cancel all the transfers and the Statutory Lease;
(e) General, aggravated and punitive damages against Dato’ Tan Han Kook and Dato’ Ahmad Rodzi Pawanteh;
(f) Such further and other orders as the Court deems fit.
On 28 November 2014, the Trustee filed a Defence and Counterclaim. In its Defence, the Trustee seek for an order that the action
taken by the Plaintiffs to be dismissed on a solicitor-client basis or costs without prejudice to the Trustee’s rights to file an application
to strike out the Writ of Summons and Statement of Claim.
In its Counterclaim, the Trustee has sought for the following orders:
(a) Payment of the outstanding rental of RM608,000 per month and double rental from 16 August 2013 until delivery of vacant
possession of SilverBird Factory to the Trustee;
(b) Interest at the rate of 5% p.a. from the date the lease rental and/or the double rental becomes due and payable until the date
of full and final settlement;
(c) A declaration that High-5 and/or any persons claiming to have derived their rights from High-5 who are in occupation of Silver
Bird Factory without the Trustee’s consent are in wrongful occupation of SilverBird Factory;
(d) An order to deliver vacant possession of SilverBird Factory to the Trustee within seven (7) days from the date of the service of
the Order;
(e) An order to remove their belongings from SilverBird Factory within seven (7) days from the date of the service of the Order;
(f) An order that the Trustee be allowed to place security guards at SilverBird Factory immediately upon the Order;
(g) In the event of a failure to obey the Order herein, an order that the Trustee be given leave to re-enter SilverBird Factory without
prejudice to the Trustee’s right to apply for writ of possession;
(h) Costs on a solicitor-client basis or costs;
(i) General damages to be assessed; and
(j) Such further and other relief (s) as the Court deems fit and just.
The Court Hearing for the above suit was fixed on 29 June 2015. On the same day, the High Court of Kuala Lumpur has delivered
its judgment and has granted Orders in favor of Amanahraya REIT.
However on 3 July 2015, High-5 has appealed to the above judgment and consequently, hearing date for Court of Appeal was set
on 30 November 2015. As the Manager has predicted, the judgment passed by the Court of Appeal was also in favor of AmanahRaya
REIT.
However, High-5 has again appealed the said decision for the matter to be further considered at the Federal Court. The hearing date
has been fixed on 30 May 2016

Unless otherwise stated, the exchange rate of US$1.00:RM4.1295 being Bank Negara Malaysia’s middle rate as at 5.00 p.m. on 15 February 2016, is used throughout this announcement for purposes of translation of US$ into RM. Abbreviations used in this announcement shall have the same meanings as defined in the announcement dated 2 November 2015, unless denoted otherwise.

We refer to the announcement dated 12 February 2016 in relation to the Proposed Acquisition whereby Sona Petroleum, among others announced that Sona Petroleum had obtained the SC’s approval for the Proposed Acquisition and that Sona Petroleum was in negotiations with the Sellers to reduce the purchase consideration for the Proposed Acquisition.

On behalf of Sona Petroleum, CIMB Investment Bank Berhad is pleased to announce that Sona E&P (Perth) Pty Ltd (as buyer) and Sona Petroleum (as buyer guarantor) entered into a deed of variation with the Sellers on 29 February 2016 (“Deed of Variation”) to inter alia, reduce the Base Purchase Price from US$50.0 million (or equivalent to RM206.5 million) to US$25.0 million (or equivalent to RM103.2 million).

In line with the reduction in Base Purchase Price, GCA has issued an updated fairness opinion dated 29 February 2016, which considers the Base Purchase Price of US$25 million (or equivalent to RM103.2 million) to be fair.

The Deed of Variation will be available for inspection during normal business hours at B-13-15, Level 13, Menara Prima Tower B, Jalan PJU 1/39, Dataran Prima, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.



This announcement is dated 29 February 2016.

7500 is for the court fee I guess

thought if they can't appeal further then they will just need to pay and get out of the factory as per the previous court judgement?

Guess the court had dismissed the bird appeal so meaning they have to pay as per the previous court results but not sure whether will they still be able to appeal to higher level.

Case should hopefully be settled by 9 Nov.. hopefully the share price will back to above 1.00 by then..

Ya, very disappointing with their move on this and it was effective since Aug'15 without notification to their card user.. Guess good time to go for other weekend card and no more AMEX as only accepted in limited outlets..

Anyone know the implication of yesterday announcement? Would it be a good news for ARREIT?

Sona coming?

Quarterly report out, revenue drop but profit increase.. which I guess is a good sign?

Just curious, now with Salamander BOD approved the acquisition, does this means that they do not need to get other share holder approval through EGM to finalized the acquisition? It seen to be fast for Ophir to bought over Salamander and not too sure whether is this a normal practice? Will the deal call off if Salamander share holder does not accept the share exchange?

Maybe they will announce that they would like to 100% taking over Salamander

Agreed with prc4wifefe. I would think those are just share market political trick which to create bigger wave in a certain company and take advantage out of it. I would think the Ophir deal will be gone within the next couple of days then Sona will start to shoot by next week onward.

The deal in between Ophir and Salamander guess will be similar to the previous Cespar case, I do not think that will get through. Beside quite lots of share holder of Salamander are making loss due to the share price had drop a lot since for years and don't think the Ophir price will be attractive to those share holder based on the current O&G sentiment

guess Q3'14 is yet to be announced but should be this few days

hmm..first day shoot up..will it be continue shooting early next week?

what the reason why it suddenly shoot up??
Now Q to sell all at 0.185

Maybank TP is at 1.19 as per the current review of IGBR

Well..something which worth to think of..especially when everybody is working so hard to make $$ and when they got lots of money but their body is hurt or sick, then they will spent all their money just to get back their health.. is it worth it?? or should we think what are we working for?? What are those money really means to us or is Buffet or Bill really working hard for money or just for his own satisfaction?
Real story does happened to me as my father working so hard cause he wanted to earn sufficient $ for his 4 kids education but end out he spent all his saving trying to safe him but he passed away when I was 13..still all my sibling manage to get our own degree and live happily now..
I guess most of the people now who is working so hard for $(i.e those gambler in casino), they are not really aim to make lots of $ but just to enjoy the process of making it or perhaps getting some satisfaction when they managed to get more $ but never think of what they plan to used those $ for

which will means if somebody agreed to buy it at above 0.16, i.e 0.20, those shares will be sell to those people who willing to pay 0.20 i think

why is it not moving at all?

What make you guys think that the price will go up to 35c?

Bought at 1.31, not too sure what is the percentage of return wit this dividend yield?

Special Purpose Acquisition Companies

Thats what I am curious about as the bid volume is quite high now as well..but the company is now PN17 beside their directors are selling their own shares now and so I am not sure whether will this company bouce back or not or sink all the way down..its price is at 0.07 now

will it be up again or sink all the way down to become nothing?

What does it mean now? Still got buyer biding for this company stock, should I hold or sell quick to cut losses?

Park in today, hope it will increase or some other glove manufacturer will buy this company