coming soon up to rm2.70 ?

hahaha.. sory

Wednesday, 3 June 2015

PETALING JAYA: Snacks and candy company Cocoaland Holdings Bhd has received an indicative non-binding proposal from First Pacific Company Ltd to acquire the business of Cocoaland including all of its assets and liabilities for RM463.32mil or RM2.70 per share.

This is the second takeover offer Cocoaland is receiving in less than two weeks.

Last week, Cocoaland’s board rejected a takeover offer from private equity firm Navis Asia VII Management Co Ltd for RM377.52mil or RM2.20 per share.

The confectionery maker said then that its board had deliberated on the proposed acquisition made on May 22, and unanimously rejected the offer.

Cocoaland was last traded at RM2.04 on Monday. The stock is up 51 sen or 33.33% on a year to date basis. It will resume trading at 9am today.

For this latest offer, Cocoaland directors Liew Fook Meng, Lau Kee Von, Liew Yoon Kee and Lau Pak Lam are deemed interested parties in the proposal.

First Pacific intends to undertake the proposal through a special purpose vehicle.

Fook Meng, who is an executive director and substantial shareholder of Cocoaland, along with certain shareholders of Leverage Success Sdn Bhd, (a substantial shareholder of Cocoaland, and referred to as the Liew Group) will acquire a stake in the proposed acquiror to be agreed upon by First Pacific and the Liew Group.

First Pacific is a Hong-Kong based investment management and holding company, having its principal business interests in telecommunications, consumer food products, infrastructure and natural resources. It is listed on the Hong Kong Stock Exchange.

Cocoaland told Bursa the proposal is conditional upon a few key things, chiefly the completion of a due diligence exercise to the satisfaction of First Pacific, on the commercial, financial, legal, tax and other affairs of Cocoaland and its subsidiaries for a period of four weeks.

Secondly, the negotiation and execution of a sale and purchase agreement for the proposal on terms and conditions are to be satisfactory to all parties.

The last condition is that Cocoaland has not paid, made or declared any dividend or distribution from the date of the proposal until the completion of the proposal.

Cocoaland told Bursa that it had agreed for a six week period of exclusivity from the date of the proposal or for an extended period agreed upon by all parties. During this period, Cocoaland will deal exclusively with First Pacific in respect of any disposal of the business and undertaking, including all the assets and liabilities, of Cocoaland or any takeover offer for Cocoaland shares.

“Cocoaland further agrees that neither it nor the management of Cocoaland will initiate or enter into any transaction, negotiation or discussion with any other party regarding such proposed disposal or takeover or respond to any approach made by any party with a view to any of the foregoing,” it said.

Monday, 25 May 2015

KUALA LUMPUR: Cocoaland Holdings Bhd has rejected the takeover offer by Navis Asia VII Management Company Ltd.

The confectionery maker said on Monday its board had deliberated on the proposed acqusition put forward last Friday and “unanimously rejected the offer”.

“The offer price for the proposed acquisition was RM377.52mil (RM2.20 per share),” it said.

Last Friday, Cocoaland received a non-binding indicative offer letter to acquire all of Cocoaland’s assets and liabilities.

Trading in Cocoaland securities was suspended on Monday.

The last traded price was RM2.06 prior to the suspension that started on Friday at 2:30pm.

Last month Cocoaland, whose major shareholders include Fraser & Neave Holdings (with about 27% stake) announced that it was in talks with Swedish private equity group EQT for investment possibilities which might result in the latter taking over Cocoaland.

http://www.thestar.com.my/Business/Business-News/2015/05/25/Cocoaland-board-rejects-Navis-Asia-takeover-offer/?style=biz

how far this counter can go and up up up ???

haiyoo... talk talk only meh ? wanna talk go to kopitiam lor ...

here.. talk2 only kah? no hint or clue ?

ayooo

which counter maaa to entry for today? enuff for eat a week is enuff ... which counter? mari... mari which counter ?

big goleng ? propaganda ?

coming $$$$ ? no potential .. fake hope? any clue ?

morning.... want to ask if can someone share wif me. for short term.. shick counter will be the best ? tq a lot

What is PE ? tq