Anyone noticed that the proposed director fees & remuneration are increased to RM500k? If against it please vote no in the upcoming AGM :)

A penny counter asking for RM500k :/ Cash cow Liihen only propose less than 400k

I believe PP will be around RM0.56, also if i'm not wrong PP cannot be more than 10% discount

with decent support seen at 0.565-0.57, seems like PP will be fixed soon.

good QR with decent dividend handout each year, with the recent attractive price tag for the land sales, the only way to go is up hehehe, dunno if they will give special dividend from land sales proceed or not

Hahaha, on these days I wish I am a Bumi

IMO, the bumiputra placement exercise will always be maximum 5% lower than 5 days MA market price, doesn't matter what price it is in.

Depending on when they are going to start placement exercise, they will that the 5 days MA market price from there and then

With those fresh capital coming in from the placement exercise, can't wait to see what REV is going to bring for the days ahead =)

Excerpt from THE STAR:

As for REV, which holds a diversified portfolio of digital publications and businesses, the group’s pivot into large-scale property development with KL Internet City (KLIC) has recently dominated the chatter in investment forums and blogs.

The group’s share price nearly doubled following the announcement of KLIC on March 23 as REV’s parent company, Catcha group, was appointed as a strategic partner to develop the five million sq ft site into a digital hub for global and local Internet-related companies targeting the South-East Asian market.

In previous Bursa filings, REV disclosed that it is undertaking a series of corporate exercises to ensure that there are sufficient retained earnings to facilitate the distribution-in-specie.

These include a reduction in the par value of its shares as well as a reduction in its share premium.

ICQH is a special-purpose vehicle (SPV) which holds REV’s stake in ASX-listed iCar Asia Ltd comprising 52.5 million shares. The distribution means that shareholders will be entitled to one ICQH share for every one REV share held.

According to REV in a Bursa filing on Monday, the ex-date for the share distribution exercise involving 134.64 million ICQH shares is on April 21 while the entitlement date will be by 5pm on April 26.

For shareholders, a single ICQH share entitles them to the equivalent to around 0.39 iCar shares on a pro rata basis. A single iCar share is currently worth 26.5 Australian cents based on its last traded price yesterday.

While this arrangement gives minority shareholders an upside should iCar’s share price appreciates, disposing of the stake would be a challenge as the iCar shares would still be held by the SPV.

Another development that has piqued investors’ interest is REV’s ongoing placement exercise towards bumiputra investors. This will see the company’s share base enlarged by up to 12.5% in complicance with bumiputra equity ownership guidelines for public-listed companies.

The placement could see the entry of a new entity with a substantial sway over REV’s future business direction. The investors in question would also have to be approved by the International Trade and Industry Ministry prior to completion.

On the other hand, fixing the price for these special issue shares would be a challenge, given the volatile movement in REV’s stock price over the past month.

The group had indicated in a past Bursa filing that the pricing must be not exceed a discount of 5% over the stock’s five-day volume weighted average market price immediately prior to the price fixing date.

so after calculation its like 1 share of REV I own, I get 0.3899 of ICQ, still a great bonus

icic thanks for the useful information @taitaumau

Hmm, if you look at the share price of REV before announcement (estimated correction after T+4 = 0.9), then with the share price of ICQ around 0.9 in MYR as well, seems like it can go over 1.80

hahaha, all the best to everyone!

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Lvde @mjsim1990 , I believe rev will be worth around 1.6 ?

don't sell ICQ, I bought this counter because I want ICQ hahaha, if you dive into carlist.my or ICQ company website, they are boosting their marketing

No need to own Aussie account, your trading account should be able to hold ASX counter

Distribution exercise of 134,640,020 ordinary shares of ICQ Holdings Berhad ("ICQH") ("ICQH Shares"), a wholly-owned subsidiary of Rev Asia Berhad ("Rev Asia"), by way of a distribution-in-specie of ICQH Shares to the entitled shareholders of Rev Asia, on the basis of one (1) ICQH Share for every one (1) share held in Rev Asia ("Rev Asia Share") on the Entitlement Date ("Distribution-In-Specie")

EX-DATE 21 Apr 2017
ENTITLEMENT DATE 26 Apr 2017

I believe ICQH = ICQ listed on aussie (company website: http://www.icarasia.com)

The counter in ASX they giving worth 0.28 Aussie dollar now btw, company of carlist.my

Next Friday

Seems like my interpretation is correct, grats to all that held for long time. Fat ayam oredi

if I interpreted correctly it means, for each shape of REV you holding, you get a share of ICQ listed on ASX

http://theedgemarkets.com/my/article/boeing-cutting-1800-seattle-area-factory-engineering-jobs?type=corporate

Not sure if this would impact SAM revenue...