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2023-10-23 23:43 | Report Abuse
The only good thing is Bursa Securities has approved the new list of directors. Other than that, the next good thing is today UMW unexpectedly closed at 4.82.
2023-10-23 16:34 | Report Abuse
https://www.malaysiastock.biz/Company-Announcement.aspx?id=1515449
We refer to the announcements dated 24 August 2023 and 3 October 2023 in relation to the Proposals (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of Sime Darby, CIMB wishes to announce that the Securities Commission Malaysia had vide its letter dated 18 October 2023 approved the application dated 3 October 2023 in respect of waiver(s) and/or consent(s) for:
(i) the appointment of persons nominated by SDESB as directors of UMW; and
(ii) the resignation of the existing nominee directors of PNB from their directorships and/or offices in UMW,
2023-10-19 17:25 | Report Abuse
Over the other side of YTL, they are waiting for HSR (High Speed Railway) from KL to Singapore bidding result. Over this side, we are waiting for the AGM/EGM to approve the acquire/takeover of UMW.
2023-10-18 15:44 | Report Abuse
Finally the date for AGM/EGM on 16 Nov 2023 is announced by Sime Darby.
2023-10-16 17:57 | Report Abuse
Everyday the annnoucements are massive purchase volume by Sime and EPF. Still nothing related to Bursa Securities.
2023-10-12 21:27 | Report Abuse
Everyday there is a road block at around 4.75, 4.76, 4.77. EPF block at these prices for them to acquire. Everyday annouce huge purchase from EPF. Everyday also announce huge purchase by Sime Darby. But there is no further announcement for the progress on the takeover related to Bursa Securities.
2023-10-09 17:03 | Report Abuse
9 Oct 2023 : Stay steady at 4.73. No interest for both bulls nor bears. Still got 28 days more for EGM on 16 Nov 2023.
2023-10-06 16:53 | Report Abuse
Everyday keeps on dropping as if the acquisition of UMW is going to fail.
2023-10-06 15:08 | Report Abuse
soon93 hope for a final dividend before in Nov 2023 quarter results. If it is true, shareholders will be fortunate. If no dividend is given, I am thinking of buying UMW-C45.
2023-10-06 14:50 | Report Abuse
It will be tight range trading at this moment. After EGM on 17 Nov 2023, nothing to worry already. According to kokchengkai, it will move close to RM5.00. Be patient.
2023-10-05 23:03 | Report Abuse
Just wondering LTAT money come from where to give MGO for 65% of the shares it does not own. From taxpayers' money given by PM Anwar Ibrahim?
2023-10-05 20:49 | Report Abuse
Sime Darby acquiring UMW got give time frame. Acquisition by Q4 2023 and MGO by Q1 2024.
Application to replace directors from PNB with new directors has been forwarded by CIMB (representing Sime Darby) to Bursa Securities for approval. EGM is on 16 Nov 2023 to get shareholders approval for the takeovet of UMW.
2023-10-05 20:18 | Report Abuse
ks55
"SHAREHOLDERS OF BPLANT ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THE ORDINARY SHARES OF BPLANT AND TO SEEK APPROPRIATE ADVICE IF THEY WISH TO DO SO, AS BPLANT HAS NOT RECEIVED ANY FIRM OFFER RELATING TO THE GENERAL OFFER."
No firm offer. No time frame. May be like Boustead that take years to produce an offer letter.
===============================================
Thank you ks55 for the advice. I did not read the announcement carefully.
2023-10-05 12:37 | Report Abuse
This is a flip flop government. What happen to MRT3? YTL submitted the lowest bid. What happen to HSR? YTL is the favourite winner? And today, say BPLANT cancel the taker over by KLK but the MGO of RM1.55 still continues.
2023-10-05 09:26 | Report Abuse
KLK has bought si many Bplant shares and now KLK will take this opportunity to sell.
2023-10-05 09:21 | Report Abuse
I don't want to tempted by LTAT. All my cash is in UMW. The process of takeover by Sime has started and is moving.
2023-10-05 08:56 | Report Abuse
Wow open green woh. KLK will use this opportunity to sell. Malaysian government is doing national servise.
2023-10-05 08:49 | Report Abuse
KLK are trapped. They have bought many lots of Bplant shares. It must be sold. It seems the opening is not at limit down price.
2023-10-04 20:58 | Report Abuse
KLK acquiring BLANT had officially teminated.
2023-10-04 20:53 | Report Abuse
KLK bought so many Bplant shares. KLK will actively dumps Bplant shares at the region 0.29 to 0.59 on the 4th day.
2023-10-04 20:50 | Report Abuse
First limit down: 0.7 × 1.27 = 0.89
Second limit down 0.89 - 0.30 = 0.59
Third day cannot limit down due to the rule that after 2 consecutive limit downs, the 3rd day cannot limit diwn.
3rd limit down: 0.59 - 0.30 = 0.29.
2023-10-04 20:30 | Report Abuse
KLK will spike. KLK will dump all its Bplant shares at limit down price in a series of limit down.
2023-10-04 20:21 | Report Abuse
Kindly be advised that the trading in BPLANT’s shares will resume with effect from 9.00 a.m., Thursday, 5 October 2023.
2023-10-04 20:19 | Report Abuse
Kindly be advised that the trading in securities relating to KLK will resume with effect from 9.00 a.m., Thursday, 5 October 2023.
2023-10-04 20:18 | Report Abuse
On behalf of the Board, RHB Investment Bank wishes to announce that the Company has been informed that the Condition Precedent under the SCA will not be satisfied by the Cut-Off Date of 6 October 2023 and accordingly, the parties to the SCA have agreed not to proceed with the Proposed Strategic Collaboration.
In the circumstances, the parties mutually agree that:
(i) the SCA shall be terminated with immediate effect on 4 October 2023; and
(ii) as a result of the termination, BHB shall return the Deposit (equivalent to the sum of RM229,151,989.46) to KLK within 14 business days from 4 October 2023, or such other later date as may be agreed between the parties.
The termination of the SCA is not expected to have any material effect on the earnings, earnings per share, NA and NA per share of the KLK Group for the financial year ending 30 September 2024.
2023-10-04 18:16 | Report Abuse
@UncleFollower, I cannot understand the deal. Can you please let me know whether Bplant shares will go up or down.
2023-10-04 17:11 | Report Abuse
As long as the UMW acquisition does not fail, its daily fluctuation can be ignored. At this moment, the Bplant_KLK takeover still pending and both Bplant & KLK already suspended for two consecutive days.
2023-10-04 17:00 | Report Abuse
4 Oct 2023 Very high selling pressure. 1,763,600 Sell Q at RM4.75. But last minute close at RM4.75.
2023-10-04 14:46 | Report Abuse
@cgtan2020: May I know the position of YTLPOWER and YTL in terms of market cap now. Do them still within top 30?
2023-10-04 09:25 | Report Abuse
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description SIME DARBY BERHAD ("SIME DARBY" OR "COMPANY")
(I) PROPOSED ACQUISITION; AND
(II) PROPOSED MGO
2023-10-04 09:23 | Report Abuse
Things are progressing:
On behalf of Sime Darby, CIMB wishes to announce that the application has been submitted today to the Securities Commission Malaysia in respect of waiver(s) and/or consent(s) for:
(i) the appointment of persons nominated by SDESB as directors of UMW; and
(ii) the resignation of the existing nominee directors of PNB from their directorships and/or offices in UMW,
2023-10-03 18:30 | Report Abuse
Group chief executive officer Datuk Jeffri Salim Davidson said following the conditional share purchase agreement (SPA) with PNB today, the group will seek shareholders' consent at an extraordinary general meeting in November.
I called Sime's investor relation and she said the date of the EGM is 16 November 2023.
The chain reaction of KLK_BPLANT failure can affect SIME_UMW sentiment. If it safely sailed through 16.11.2023 EGM, then it becomes UNCONDITIONAL.
2023-10-03 17:16 | Report Abuse
UMW & SIME, please don't fail. It is very pitiful to BPLANT shareholders.
2023-10-03 16:56 | Report Abuse
Today 3 October 2023 UMW drops 3 sen to RM4.73, as it is affected by the KLK & BPLANT failed privatisation.
2023-10-03 10:17 | Report Abuse
https://theedgemalaysia.com/node/684590
RM1.15 bil Boustead-KLK deal falls through, say sources; govt seeks RM2 bil to 'save' LTAT
2023-10-02 13:25 | Report Abuse
Perikatan National playing racist issue can crash BPLANT. Stunned.
2023-10-02 11:33 | Report Abuse
Today limit down price is 0.7 × 1.46 = 1.0. I cut off at 1.43.
2023-10-02 11:15 | Report Abuse
KLK taking over BPLANT called off. SIME taking over UMW hope will not called off.
2023-10-02 10:58 | Report Abuse
I really hope Sime taking UMW will not fail like Bplant.
2023-10-02 06:48 | Report Abuse
ACE9696 Harakah Daily is dated 18 Sept 2023. That means it is old news and factored in the BPLANT share now at RM1.46.
2023-10-01 13:33 | Report Abuse
@ soon9913, usually UMW gives dividend in the February Quarter 4 results. I think by that time is under the MGO late stage already. Unlikely they will give dividend in Nov 2023 quarter report.
2023-09-30 20:23 | Report Abuse
One worrying thing is that Bousted use the same tactic by Najib's IMDB by using taxpayers' money.
2023-09-30 20:18 | Report Abuse
Another 6 more rounds (2 weeks each round) of waiting till 29 December 2023.
2023-09-30 20:13 | Report Abuse
Boustead needs RM800 million and another RM1.7 billion to redeem their Islamic Middle Term Notes at year end. October, November and December (another 3 more months) of waiting.
2023-09-30 10:55 | Report Abuse
October 2023 already. At this point it is Strategic Collaboration Agreement (SCA). Another 1 and a half month to waot to have an EGM (16 Nov 2023) to acquire UMW from shareholders of Sime Darby. Be patient.
2023-09-27 08:36 | Report Abuse
Sime Darby announced that they will be having an AGM to seek share holders approval for taking over UMW.
2023-09-22 23:03 | Report Abuse
MGO of RM1.53 by Chinhin. Now Ajiya RM1.54. Who wants do buy?
2023-09-22 20:06 | Report Abuse
Every two weeks, they keep on delaying, until players get fed up, and sell cheap to KLK. Is it for a maximum of 8 weeks delay?
Stock: [UMW]: UMW HOLDINGS BHD
2023-10-27 12:37 | Report Abuse
What ever the price now (4.84) is not important. Let's see after the AGM/EGM on 16.11.23, how?