Rto on or aborted ..wil not see ancomlb drop til cant recognise mother & father. Why? Ancom major shareholder wil NOT let it happened..
look at nylex ...nylex almost like ancomlb ..nylex biz go into Ancom...but nylex share stil bn steady eddie while waiting for new core biz bn injected in...so if rto unsuccessful ..ancom wil find anor suitors for ancomlb..known how ancom & nylex share prices bn holding up ...ancomlb downside risks are limited..might see a knee jerk reaction if rto aborted news come out but long run ancomlb still need anor co to take over the listing status. Listing status is valuable

Go and read Iris announcement yesterday

s5 lost their case agst Iris ..

Dato Eddie hold stake at Pekat & Kipreit...

Ruberex did mention diversyfing into property development...i.e.Empire City Mall...then recently together wt Chinhin shareholder Dato Eddie take up a stake at Ajiya a building materials company..bear in mind too ChinHin share holder also hold stake at ruberex ...Chinhin also major shareholder of CHGP...All pointing towards a restructuring for the group just Dato Eddie revamped Hextar Complete & Hexind

Dato Eddie is on restructing mode...bear in mind ruberex did mention about diversyfing into property development ...i.e. empire city mall and together wt chinhin brought some stake at Ayija...1 of chinhin shareholder also hold some stake in ruberrex ...chinhin and chgp Ajiya are property developer and building material related.

Ancom boss still hold 37% in ancomlb so will he let ancomlb drop eveh if rto aborted? Knowing well hoe ancom n nylex bn pumped up. If rto abort just wait another suitor comes in to match make wt ancomlb

Haiz similar to connect county all over again?

Dont think the court case will be solved so soon if the verdict favour any of the party for sure there will be an appeal. So might drag on a little longer might even way pass the 3mths dateline ancomlb gave to s5 in the entension agreement which on 16 April 2022

s5 vs iris court case no outcome.

Listing status is still valuable dont think Ancom Owner wil sit stil not goin to do anything as they are holding 33% stake. Any further drop wil b opportunity to buy cheap for a newco to come in take over listing

Long term wise ancomlb rto is the catalyst for share price to move upwards..disrgd whether wt s5 or wt another co

2molo s5 court case also a factor

Time is a factor

Downside risks Rto aborted but listing status still there valuable enough to entice a few suitors to chase for back door listing. Bear in mind ancomlb wt non core biz need to submit regularisation plan as it trigger bursa 8.03A rule. So utmost important for Ancom major holder to rope in another co for rto. Dip good chance to add as rto is the only way for ancomlb if not wt s5 definitely wt plenty of Co s waiting to take over the listing status

S5 earning not coming only fr Niis alone...

Trap counter? Ancom holding 33% stake do u think Ancom owners let ancomlb become worthless? Their net worth wipe out ? If s5 deal aborted share price got hit but long run ancomlb is stil much sought by many for short cut back door listing. Ancomlb value is stil there long run.

Ancom stil hold 33% of Ancomlb

If RTO aborted there r stil many Suitors...

Acummulation was at 26.5 to 29.5cts last drop ...now wil gap up to 35cts this round

If Daya wil die why go thru the trouble seek court approval n conducted EGM got all resolution approved???Read news lah

Newco coming in

Huge buying kicks in past 3 days

3 months to finalise RTO...fr 16th Jan 2022...

Ytday Ancom announced completion of take over Nylex biz which triggered Bursa Rule 8.03A which Nylex is now wtout core biz n has 12 mths to submit regularisation plan. Ancom group restructuring plan ...Ancom take over Nylex biz...Nylex take over Ancomlb biz...paving way for S5 & Ancomlb RTO

Excerpt fr an article that came out in The Edge bk in April 2021

In July last year, the group announced a restructuring exercise that would see ALB's logistics business moved to Nylex.
Following that, an immigration technology company S5 Holdings Inc would be injected into ALB.
S5 is an integrated security IT solutions company to the government. It is mainly involved in the provision of security technology, intellectual property as well as the development and customisation of solutions and systems, consultancy and support in all related information technology and security industries.
This corporate exercise is still ongoing and has yet to be completed.

We will see a good 3 mths rally of ancomlb as the countdown to the 3mths dateline ...in btw there might some yo yo pattern but up trend wil b intact as long announcement not yet out...Risks is aborted deal...otherwise price wil cont run up

For 1 to 1.5cts share investors can decide on their own the risks involved. If kaput u lose 1-1.5cts if the regularisation they mamaged to get done then we will see the reward. So can u afford to lose 1-1.5cts if u buy now ???

What is the similarity btw ageson metronic & kanger? Daya newco taking over fresh start.

Not only us waiting for RTO to go thru...My Eg too is waiting, My Eg alrdy pd RM176mil to S5 for 20% stake

As long as they didnt announce it has bn aborted ..is stil on or why care to announce it 2gether wt qr

Status of corporate proposals
There were no corporate proposals announced but not completed at the date of
issuance of this Interim Financial Report other than the following:
ALB had on 16 July 2020 announced that the Company and its holding company,
Ancom Berhad (“Ancom”), had entered into a Heads of Agreement (“HOA”) with S7
Holdings Sdn Bhd (“S7”), Merrington Assets Limited (“MAL”), MY E.G. Capital Sdn Bhd
(“MYEG Capital”) and Avocat Sdn Bhd (“Avocat”) for the following:
(S7, MAL, MYEG Capital and Avocat shall be collectively referred to as “Vendors”
and ALB, Ancom and Vendors shall be collectively referred to as “Parties”)
i. Proposed acquisition by ALB of the entire share capital of S5 Holdings Inc.
(Company No.: LL14071) (“S5”) from the Vendors at a price to be agreed by
the Parties, subject to a valuation report to be issued by an independent
valuer to be agreed by the Parties, and in return ALB shall issue new ordinary
shares in ALB (“ALB Shares”) based on RM0.10 per share (“Consideration
Shares”) to the Vendors (“Proposed Acquisition”);
ii. Proposed Mandatory General Offer by the Vendors for the shares of ALB
which are not owned by the Vendors upon completion of the Proposed
Acquisition (“Proposed Mandatory General Offer”);
iii. Proposed private placement of new ordinary shares to be issued by ALB after
the Proposed Acquisition (“Proposed Private Placement”);
iv. Proposed offer for sale of part of the Consideration Shares in ALB to be held by
the Vendors upon completion of the Proposed Acquisition to independent
third party investors (“Proposed Offer for Sale”); and
v. Proposed disposal by ALB of Synergy Trans-Link Sdn Bhd (“STL”), a wholly-
owned subsidiary of ALB, to Nylex (Malaysia) Berhad (“Nylex”), a 50.25%
subsidiary of Ancom, at a valuation to be agreed by ALB and Nylex and upon
such terms and conditions to be determined later (“Proposed Disposal”). For
avoidance of doubt, the Proposed Acquisition, the Proposed Mandatory
General Offer, Proposed Private Placement and Proposed Offer for Sale are
not conditional upon the Proposed Disposal.
(Proposed Acquisition, Proposed Mandatory General Offer, Proposed Private
Placement, Proposed Offer for Sale and Proposed Disposal shall be collectively be
referred to as “Proposals”)
B8 Utilisation of proceeds
The Company does not have any unutilised proceeds raised from any corporate
exercise.Ancom Logistics Berhad (Registration No: 196601000150 (6614-W))
Notes to the Interim Financial Report for the financial quarter ended 30 November 2021

S5 Ancomlb rto news out for years? Are you sure? Read this

Ancomlb Qr out ...pls do read the financial report...did mention RTO stil on

Yes so far after ran up fr 14cts ancomlb price has bn holding up very well..
more upside coming...hopefully good news vr soon

If rto is cfmed 1 round of LU..

RTO materialised? My Eg up their S5 stake

MyEg recd 1st hand news of the rto then up their stake??? Only time can tell..

Ponder on this if RTO successful then myeg up its stake at S5 will be great move.

Make or break by Tuesday

Trading Suspended by bursa not co requested for suspension

https://www.theedgemarkets.com/article/serba-dinamik-securities-trade-suspended-230pm-friday-until-further-notice

Hold ..limit up coming

Limit up

The dropped provided big chance for big funds to scoop up all the panic sellers cheap price...

Ctos shareholders consist of so many local & foreign funds..this is temporarily hiccup the run up trajectory will continue if is so bad funds could hv dumped on fri n this am

Bluemount sold all which is good..dumping activities finished hopefully better days coming for itronic b4 qr

Already announced today...tomorrow lets wait and see whether Scope will scaled new high

Invectec Vice President joined as Non Executive Director