Rights issue approved in EGM.

let him coz if he don't he has no reason to be alive...hahaha

ahhh u see ur stupid mouth....once u open the dumb mouth of urs, price always drop...hahahaa

TuaHuat, it is yet to be announced.

lotusf1, it is 10 sen per rights share. The details r all in Bursa's website.

coz his nickname is leno soh hai mah...

Diam la chu Yun....

Nexgram's is bonus issue not rights. Very different thing altogether.

Roger123 I think ur lan got tahi

Diam la chu yun

soh hai leno, look who's talking now? hahahaha

@kenrixx, I believe the announcement is related to inter-company loans.

http://www.nst.com.my/business/nation/water-concessionaires-may-take-12pc-haircut-1.559095

http://www.thestar.com.my/Business/Business-News/2014/04/10/Rozali-hints-at-water-deal-acceptance/

another kok-tokker...

ya wor....panlai ciakap....wooo

U want then buy la....cakap2 saje bodoh

sia fella leno....don't open ur mouth la...once u do, price sure go down....hahahah

no wonder nothing to say in INSAS la siao kia leno....rupanya came here to cakap angin...hahaha

apa la u leno....go down u keep quiet....

apa mcm leno....ur jampi not strong enough la....hahaha

siao kia leno

Haha....no more RM2 INSAS CANTEEKKK siao kia?

leno... u r hilarious! I like ur enthusiasm and also wish INSAS share price will hv super enthusiasm as u!!

It doesn't matter if I'm day trader or not, I'm just trying to clarify what you've said. That's all.

Well, I'm only asking coz ocpd said fixed cashflow of 20m out of GP yearly when that is accrued. Of coz, whatever accrued needs to be paid eventually.

Telecaster, as far as I understand, accrued isn't compounded.

Thanks ocpd, exactly. So it shdn't affect cashflow immediately until maturity or redemption.

Optimus1 & ocpd, what r u talking abt paying interest? Read the proposal properly...

"Accrued Interest on the Exchangeable Bonds shall be carried forward and are cumulative, and payments of the Accrued Interest on the Exchangeable Bonds will be deferred until the maturity date or early redemption of the Exchangeable Bonds provided that no event of default has occured."

ocpd, as u hv said gp either tk this deal or face insolvency. So, lousy or not it's not like gp has a choice, does it? I don't think cc puan has got a lot of bargaining power, does he?

Yes, I would like to hear from moneysucker since he confidently "thump his chest" to the whole forum...please enlighten us if u have any comments.

I'm guessing price may go down first and then recover later.

Let's just say this deal isn't what punters are hoping for. However, with this deal, GP will still have a future.

Of coz ktsk88, as I mentioned before, it is still a positive move for GP in the longer run. However, how many of those here are in for the long run judging from the comments. Hahahaha.

But then again we won't know how exactly the RM350m will be used until GP side post their annoucement to Bursa. Wait again.

@changlk03, u r right.

ktsk88, look at the announcement in detail, no spec div mentioned...only settling debt and working capital as expected under a P1 stake sale assumption.

Hard to tell how GP price will react tmr. GP's future looks brighter with TM's backing but short term wise it is not what mkt expected, i.e. outright sale of P1.

Ya I see now....yikes.

@ktsk88, r u holding just GP-WA? Bear in mind that even if there is special dividend, warrantholders aren't entitled to it.

If the annoucement today include any special dividend, GP price will go up but it all used for working capital then tiada lah.

Sorry, I don't mean to scare you guys. Just trying to be logical and realistic. I own some too and hope I'm wrong. Hahaha.

This will definitely bump up GP's NAV but we may not get any of the RM1.13.

In the news rpt, it did mention buying a controlling stake for > RM1b. If we assume RM1b, then net of debt (221M based on last qtr rpt) is RM779m. RM779 divided by 690.4M outstanding shares = ~RM1.13

I don't think we will be worse off than pre-suspension but maybe no shooting-to-th-stars kinda effect only. Hahaha.

Maybe with TM's backing, it can return to its former glory days.

Nevertheless, it is still a positive for GP's future as a company.

@lclwyp, exactly.

@ktsk88, based on this assumption, yes there is no guarantee it will shoot to the star. :-)

Getting P1 do not need to go thru MGO. GP owns 57% P1. If GP wishes to sell its P1 stake, there is no need at all for an MGO for GP.

Yes, we shall all know this evening.

@ktsk88, I also do hope for a complete disposal of P1 because that will only ensure a special dividend for GP shareholders.

Previously, GP didn't have the financial muscle but now with TM, they will definitely have it. So why outright dispose P1? I'm just thinking out loud.