I do wonder why share prices of OSK, OSKP and PJD are horribly depressed. (OSK down from RM2.40; OSKP down from RM2.80; PJD down from RM2.20). I would have thought maybe depressed conditions of KLCI brought down these share prices. OR is the market reacting unfavourably to the proposed "merger", OR is an unseen hand doing injustice to the values of these share prices?

The Court of Appeal has fixed the above matter for further case management on 9 February 2015. (See Teow Guan vs Kian Joo)

Sorry. Another thing, further to my comments above, Feb., 19. 2015, is Chinese New Year's Day. So wait for that rally.

yipgusing, you have to be patient until Feb., 9, 2015. Things are hanging in mid-air - neither here nor there.

Thanks a lot for your reply. Very kind and frank, duitKWSPkita. Appreciate it. I believe no one can truly predict the movement of shares. But, Texchem is getting a huge volume of shares traded lately. Maybe, by Feb., 19, 2015, a year since you posted your prediction, Texchem should be 300% richer - thereby making you 300% richer. (Ha) x5.

duitkwspkita, Thanks. Looks like anything above RM 1.50 is your "potential return". How confident are you? I just need some boost of reassurance.

Regarding babu's comments above, I shall remain silent.

Yes, babu, I will hold my horses. I have my reasons why I think the merger is not favourable to the minority shareholders. At the time of the multiple proposals, OSK was at RM2; OSKP at about RM2; PJD at about RM1.60. Now OSK is RM1.98; OSKP at RM1.85; PJD at RM1.46. The 'fair' exchange favours OLH because of the volume of his shares. If you are daring, buy into OSKP and PJD because they have to bring the prices up to RM2 and RM1.60 respectively. For me, as OSK man, I would not exchange OSK for a cheaper share.

Thanks, SinGor, you are quite a guy. Hey, I like you. But before I feel proud of myself, let the big guys make the official announcements first. Then we will celebrate the failure of ambitions of the big guys. Let CIMB and RHB rise in value; I have no interests in them. This is OSK: If my prediction of the failure of the merger of OSK/OSKP/PJD is correct, I will throw a small celebration. Let OLH know that if he wants to get rich, do it the right way; Everyone must win/win.

SinGor, you are a joker. I wonder if OLH prefers egg tart. Looks like it. One merger down; another merger, OSK/OSKP/PJD, still no news. What say you, bro.

Look at RHB and CIMB now. Markets are funny. Merger; Down. No merger: fly. Now, what happens to OSK? Still sleeping. What happens. OLH? Do something.

The problem lies in the way the merger of CIMB/RHB/MBSB is proposed. RHB acquires CIMB through exchange of shares. (Looks like a reverse takeover). I see no logic for RHB to ask for shares plus cash when RHB is the acquirer. CIMB is the larger bank; by logic CIMB should acquire RHB and pay RHB in an agreed settlement (whether by shares and/or cash) like the case of RHB acquiring OSKIB from OSK - no problem. I wonder who suggested this great idea. Now when valuations are thrown off, this great idea does not work. We have the other BANK standing by mah!!!!!!!

SP0094701: 'osk still have hope or not' depends on whether OLH will be giving the shareholders a big angpow. Many, many bad news are coming out. Crude oil price is predicted to go down; Malaysian ringgit looks likely to tumble; 1MDB failure to meet her payments will cause the banks involved to report losses (in the case for OSK, one wonders how much RHB is involved). Our market was up these two days because Dow Jones and Europe are up crazy. What if these indices are down? Everything at present looks bleak. When the financial results are released beginning 2015, then we can see how bad things are. As far as OSK are concerned, I fear the worst. Less dividend.

SinGor, please remember the power of minority holders. Why would EPF fight to retain the right to vote? Failed and then appealed and then failed. Remember EPF joined up with another guy to try to buy over a tin can factory. Even in this a minority shareholder fought back and then everything became a mess. If you give the minority shareholders a big fat deal (not chicken feed) then all is well.

What angpow? Looks like CIMB/RHB/MBSB merger are on shaky ground. Will OSK share price go back to pre-CIMB/RHB/MBSB merger proposal price??? Now if OLH is barred from voting in the coming EGM (like EPF in the CIMB/RHB/MBSB case) for the OSK/OSKP/PJD merger, then a situation may arise. That is why OSK is trying to sweeten the deal by giving 15 sen plus 1:4 free warrants. Oh!!! OLH/OSK has to do better than this giving us chicken feed. Already OSKP and PJD people are making noise. What extra are they getting?

Thanks, SinGor, for all the above info. You must have read quite a bit to gather all the up to date news. I wish I am as optimistic as you are; but I am not. We do not have many intelligent and good people in charge. The climb back of the share prices, if possible, will take a long time. And OSK? the only person standing to gain, whether things are good or bad, is OLH.

1MDB missed payment(s), oil prices slide, Greek woes, flood destruction, ringgit depreciation are some of the factors that make 'things' worse, more terrible and more horrible. How in the name of the very big potato will any merger be carried out. Today's C. I. closes at 1716.58. How low will the C.I. drop to?

When things are bad, terrible and horrible, all bets will be called off. No mergers of the banks and no merger of OLH counters. Valuations are thrown off and any readjustment will be messy. We will have to wait and see what happens next.

plus horrible.

Looks terrible.

All good; but price (and OLH) still no good.

Sounds good.

Looks bad

SinGor, Sorry to hear that you had burnt all ten fingers because of the OSKIB (oops, I mention 'it' again} affair. Come to think of it; anyone who comes into contact with OLH's counters would have their fingers (plus toes) burnt. You seem to be so confident of the rise of price of OSK. Please don't expect too much from OLH. The jewel in OSK is those 10% holding of RHB shares. Nothing more. OSKP and PJD would not benefit OSK much considering the big base of OSK shares. Plus what does anyone expect from OLH? 15 sen and 1:4 free warrants. (Chicken makan). Another thing: How do you keep your fingers crossed when they are burnt? (Ha x3, no offense meant.)

Why sell OSK? Because OSK is as good/bad as that person (OLH?) controlling OSK. Many companies had sold assets and rewarded their shareholders handsomely. OSK? What did shareholders get when OSKIB is sold to RHB Bank? F**T!!! So how is OSK becoming attractive when OLH practically "pockets" everything. So 15 sen plus free 1:4 warrants is still kacang putih for me. So sell OSK. BUT the problem is that when we sell OSK someone collects those shares and when OLH becomes generous who becomes FATT TAT.

I want to analyse LENO. Is LENO a he or a she. Somehow I think LENO is a she.

Anything a bit 'extra' from OLH is, must be and should be good. All this while we have been receiving kacang putih.

nice to hear LENO's voice. No other comments!!!!!!!!

WAIT!!!!!!! How long!!!!!! There is still the Federal Court. Two long years. No more dividends.

Why Chee and EPF buy direct from Kian Joo rather than collect from the market? Of course the original owners will oppose; and the minorities suffer from share inactivity and no dividends. Will the share price collapse from all the court actions and uncertainty? A result of greed, 'revenge' and unfairness. I am frust..........

We had waited for a year; let us wait patiently for another year. no dividends, no nothing. Let us hope for another good day tomorrow.

Ha-ha-ha, bro., you have 'flying' hopes. First the 'big news'; second 'come 29th.". Then we'll fly.

Today's prices seems to be good.

Superman123 said "big news" and Gheekong said "come Saturday 29th.". So let's be patient for another 4 to 5 days. By next week everyone will be smiling. What say you, OLH!!!!!! Be a sport, sir.

Will Osk, or will OSK not, go up? Up 16+ points, yet down 5 sen. This is bad.

Shareprofit, I wish I have your faith (in Chee and EPF????).

When directors fight, the small shareholders have to grin and bear it. I guess we have to wait out another year. Why Chee and EPF want to take over Kian Joo? Greedy???? Now no more dividends to be given out. I do not support the takeover.

COMPANY'S ANNOUNCEMENT

We refer to our announcement dated 29 August 2014 in respect of the above matter.

The Kuala Lumpur High Court has fixed the Plaintiff's injunction application for case management on 24 November 2014.

This announcement is dated 19 November 2014.

The merry go around starts again. When will it all end?

Sorry, shareprofit, I think you might be wrong. Any dividends paid will be deducted from that RM3.30. The last dividend paid was waived from deduction from the offer price. Some little hope, though, any increase of the offer price from possible land revaluation???????

A classic case of what happens when siblings fight. Now they have to stick together to prevent the "fall" of 'their' company. SAD. I love KIAN JOO as it is. Hope she remains this way. I am losing all good dividends.

Nothing!!!, Walao. Just that share prices in Malaysia are down; although elsewhere they are rising. As advised earlier by friends and foes, just be patient. Wait for further developments.

Thrilled. OLH is back, I hope.

Thanks, sephiroth, for your info.

What happens now? Has OLH gone for a break?

Bulldozer? He had bulldozed OSKP and PJD into the ground. Now he is going to ramp up OSK. Hip, hip hooray!!!!!!!

Like sephiroth says; big road block at 2.37 onwards. Who's selling?

What's happening? So sick!!!

Sephiroth, I believe OSK shareholders deserves much more than the 15 sen dividend + free warrants lah!! No wonder movement of OSK share prices is pretty sickening.

"You scratch my head and I will scratch your head". This is too much. To please Aabar and to get the merger going a deal (by understanding) is brokered. I wonder what 'extra' OSK will get. Broker for more land for the new "property" entity, OLH Properties Bhd.