interesting development soon. osk already holds 10% of rhb. OSK Loan Ventures Sdn Bhd, a wholly-owned subsidiary of OSK Ventures International Bhd, has been granted a money lending licence by the Ministry of Housing and Local Government under the Moneylenders Act 1951 and Moneylenders (Control and Licensing) Regulations 2003, to undertake money lending activities and to provide loans.
OSK Ventures, Japan's SBI Group to set up private equity fund | The Edge Markets
30 Jul 2018 · In a joint statement today, OSKVI and the SBI Group said they plan to ... Malaysia ... KUALA LUMPUR (July 30): OSK Ventures International Bhd (OSKVI) has established a joint venture ..
QUARTERLY REPORT FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2019 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2019 (Audited) As at As at Note 30.09.2019 31.12.2018 RM'000 RM'000 ASSETS Equipment 525 599 Intangible assets 5 6 Investment in joint venture 785 338 Investment securities 149,638 137,717 Investment in fund 196 1,037 Notes receivables 934 2,481 Trade and other receivables 840 1,327 Prepayments 36 510 Tax recoverable 3 2,612 Right-of-use asset 207 - Cash, bank balances and cash management fund A8 17,768 36,730 TOTAL ASSETS 170,937 183,357 LIABILITIES Deferred tax liability 1,539 2,054 Trade and sundry payables 2,293 7,131 Tax payable 105 63 Lease liability 214 - TOTAL LIABILITIES 4,151 9,248 EQUITY Contributed share capital 186,268 186,268 Treasury shares, at cost A5 (647) (647) 185,621 185,621 Reserves (18,835) (11,512) TOTAL EQUITY 166,786 174,109 TOTAL LIABILITIES AND EQUITY 170,937 183,357 Net assets per share (RM) 0.85 0.89
Share buybacks / Treasury shares of the Company Number of Treasury shares Highest price Lowest price Average cost (including transaction costs) Total amount paid RM RM RM RM As at 1,151,800 - - 0.56 646,527
Segmental information 1. Venture Capital and Private Equity - Investment in high growth entities, management of private funds and holding of long term investments. 2. Holding Entity - Investment holding. The inter-segment transactions have been entered into in the ordinary course of business at terms mutually agreed between the companies concerned and are not more favourable than those arranged with independent third parties. These transactions have been eliminated to arrive at the Group's results. The segment information has been prepared in accordance with the disclosure requirements of MFRS 8: Operating Segments. For management purposes, the Group is organised into the following major business segments based services, which are regularly provided to and reviewed by the management team: Segment revenue and results include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.
Osk has enough strength to privatize oskvi anytime:)
OSK Holdings Bhd’s net profit jumped 69.4% to RM107.58 million in 3QFY19, from RM63.52 million last year. This was despite a 10% drop in revenue to RM315.72 million, from RM351.24 million. Its nine-month period, net profit rose 45.4% to RM281.84 million from RM193.84 million last year, while revenue rose 3.3% to RM915.99 million from RM886.68 million.
MORE often than not, high-profile deals around the globe involve a private equity firm. This alternative asset class has been around for decades but its rise to prominence in recent times shows that it has become an integral component of the capital market.
In the first half of the year (1H2019), there were 1,494 global private equity buyouts valued at US$245.1 billion (RM1 trillion), according to Mergermarket. In Southeast Asia, there were 16 deals valued at US$1.49 billion. At least two of the deals were in Malaysia.
These figures are in stark contrast to those of the initial public offering (IPO) market. According to EY Global IPO Trends for 2Q2019, the global IPO market raised US$71.9 billion from 507 deals in 1H2019.
It is worth noting that the dry powder available in the global private equity space is staggering. Capital available for deployment stands at US$1.02 trillion, the highest in the last 13 years, according to data from London’s Preqin.
One way of looking at it is that deal flows in the private equity scene have slowed this year while funds have built up. By the same token, one may see it as a huge amount of money that has been shovelled into private equity and sitting ready to be invested in the right deals.
What it can also imply is that private equity no longer plays second fiddle to the stock exchange. In fact, it is becoming increasingly appealing for companies to raise funds via private equity.
Evidence of this is seen in the number of companies that have continuously received large sums of private funding for years without having to hit the public market.
An example close to home is tech company Grab, which started with an e-hailing app but has now expanded into digital payment, micro-lending and food delivery, among others. To date, Grab has managed to secure over US$9 billion in funding from private equity since it was established in 2012.
A regional private equity firm highlights that raising capital from private equity can be very attractive for business owners,
especially those with companies that are in the growth phase, because it allows management to focus on growing the business and not have to deal with the many investor-relation matters associated with public listing, including costs.
OSK-SBI Venture Partners Ltd director Akihiro Yamamoto says company owners in Southeast Asia looking to expand overseas are warming up to private equity firms that have global networks and capabilities. “Some companies prefer to take the private equity route for an overseas expansion rather than take a loan as financial institutions — depending on their risk appetite — may charge higher rates,” he highlights.
A relatively new entity in Malaysia, OSK-SBI Venture is a joint-venture company set up by OSK Ventures International Bhd and Japan’s SBI Holdings Inc to invest in private companies with promising prospects in Asean.
While private equity does provide a less costly method of raising funds for companies, for many, it also represents a way to get deals or agreements done quickly as it avoids the multiple stakeholders involved in public-listed companies.
“With private funding like private equity, things can get done quickly because the company will only be dealing with one party — the private equity investor. Making a deal these days requires the ability to move fast. This can make not being listed and relying on private market funding attractive to companies,” notes one corporate finance adviser.
Private equity delaying IPOs
While some see private equity replacing IPOs, Creador Sdn Bhd founder and CEO Brahmal Vasudevan does not. “I wouldn’t say it’s a substitute for IPOs … instead private equity allows companies to delay the process of [holding] an IPO until they are bigger.
“When you’re that small, nobody will invest in your company because there is no liquidity and it won’t appeal to foreign investors as well. So, what we say to businesses is that we will pay them a fair price, sometimes at or higher than what they can get on the stock exchange. Delay that IPO for three to five years and allow yourselves to grow bigger. So that when you go public, you will have a bigger following of investors in the market,” he explains.
Navis Capital Partners co-founder and managing partner Nicholas Bloy says worldwide, companies are coming into the public markets later in their life cycles as private equity can sustain them more and offer larger rounds of financing.
Notably, it is not just about capital. Brahmal believes the strategic help provided by private equity providers is becoming increasingly important for business owners.
“Money is cheap but what companies are getting is value-added advice. We help them with business development, strategy, product development and entering of new markets.
just movement in financial asset prices only (read the quarterly report@30.9.2019). net assets share is 85sen. if the company is liquidated, can get back almost this amount :)
@factslim1 OSK Ventures International Posts Qtrly Net Loss Of 9.1 Mln RGT
better liquidate these financial assets and return the money to shareholders :) up and down in the quoted securities quarterly will show yo-yo results and affecting dividend payment also, retained profit or loss can happen causing no dividend payout if retained profit becoming retained loss in any quarter :)
INVESTMENT SECURITIES Market value Market value Carrying of quoted Carrying of quoted amount investments amount investments 2018 2018 2017 2017 RM RM RM RM Group Investment securities Quoted shares in Malaysia 65,280,625 65,280,625 111,057,437 111,057,437 Quoted shares outside Malaysia 26,077,703 26,077,703 44,975,061 44,975,061 Unquoted shares in Malaysia 8,175,841 - 5,672,518 Unquoted shares outside Malaysia 38,182,931 - 14,243,177 Total financial assets at fair value through profit or loss 137,717,100 91,358,328 175,948,193 156,032,498
OTHERSOSK VENTURES INTERNATIONAL BERHAD ("OSKVI" OR "THE COMPANY") - DEALINGS INQUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTSOF BURSA MALAYSIA SECURITIES BERHADYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please acces sthe Bursa website at http://www.bursamalaysia.com
OSKVI should report profit for the coming quarter results (Sept to Dec 2019) after selling a lot of willowglen punya syer :) Tapi oskvi masih ada about ~15% stake in Willowglen valued at ~RM250mil x 15%~RM38.5mil. net asset per share of oskvi = 85sen @ 30 sept 2019. OSKVI is seriously undervalued :)
Total no of securities after change Direct (units) 0 Direct (%) 0.00 Indirect (units) 71,077,474 Indirect (%) 14.61 Total (units) 71,077,474 Total (%) 14.61 Date of Notice 26-Nov-2019
Disposal of Willowglen shares: OSK EQUITY HOLDINGS SDN. BHD. 06-Dec-2019 Disposed 111,700 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 06-Dec-2019 Disposed 111,700 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 06-Dec-2019 Disposed 111,700 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 06-Dec-2019 Disposed 111,700 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 02-Dec-2019 Disposed 200,000 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 02-Dec-2019 Disposed 200,000 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 02-Dec-2019 Disposed 200,000 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 02-Dec-2019 Disposed 200,000 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 28-Nov-2019 Disposed 41,800 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 28-Nov-2019 Disposed 41,800 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 28-Nov-2019 Disposed 41,800 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 28-Nov-2019 Disposed 41,800 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 27-Nov-2019 Disposed 1,000,000 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 27-Nov-2019 Disposed 1,000,000 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 27-Nov-2019 Disposed 1,000,000 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 27-Nov-2019 Disposed 1,000,000 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 25-Nov-2019 Disposed 100,000 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 25-Nov-2019 Disposed 100,000 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 25-Nov-2019 Disposed 100,000 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 25-Nov-2019 Disposed 100,000 0.000 View Detail MR SIMON WONG CHU KEONG 22-Nov-2019 Acquired 4,000,000 0.000 View Detail MR WONG AH CHIEW 22-Nov-2019 Acquired 4,000,000 0.000 View Detail NEW ADVENT SDN. BHD. 22-Nov-2019 Acquired 4,000,000 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 22-Nov-2019 Disposed 5,000,000 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 22-Nov-2019 Disposed 5,000,000 0.000 OSK VENTURES INTERNATIONAL BERHAD 22-Nov-2019 Disposed 5,000,000 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 22-Nov-2019 Disposed 5,000,000 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 13-Nov-2019 Disposed 55,000 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 13-Nov-2019 Disposed 55,000 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 13-Nov-2019 Disposed 55,000 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 13-Nov-2019 Disposed 55,000 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 12-Nov-2019 Disposed 409,100 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 12-Nov-2019 Disposed 409,100 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 12-Nov-2019 Disposed 409,100 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 12-Nov-2019 Disposed 409,100 0.000 View Detail OSK EQUITY HOLDINGS SDN. BHD. 23-Oct-2019 Disposed 250,000 0.000 View Detail OSK TECHNOLOGY VENTURES SDN. BHD. 23-Oct-2019 Disposed 250,000 0.000 View Detail OSK VENTURES INTERNATIONAL BERHAD 23-Oct-2019 Disposed 250,000 0.000 View Detail TAN SRI ONG LEONG HUAT @ WONG JOO HWA 23-Oct-2019 Disposed 250,000 0.000
:) oskvi punya stake dalam willowglen masih high :)
0008 WILLOW WILLOWGLEN MSC BHD Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of Shareholder 36
Name : OSK VENTURES INTERNATIONAL BERHAD NRIC/Passport No./Company No. : 200301033696 (6361 Nationality/Country of Incorporation : Malaysia
Address: 21st Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur Wilayah PersekutuanMalaysia
Descriptions (Class and Nominal Value): Ordinary Shares
Name and Address of Registered Holder: You are advised to read the entire contents of the announcement orattachment.To read the entire contents of the announcement or attachment,pleaseaccess the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 10/12/2019
Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 06/12/2019 Disposed 111,700 -
Circumstances by reason of which change has occurred: Disposal of shares in the open market
Nature of Interest: Indirect Interest
Consideration:
No of Shares Held After Changes: Direct : 0 shares (0.0000%) Indirect/Deemed Interest : 69,723,974 shares (14.3290%) Total : 69,723,974 shares
Remarks: You are advised to read the entire contents of the announcement orattachment. To read the entire contents of the announcement or attachment,please access the Bursa website at http://www.bursamalaysia.com
OTHERS OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" OR "THE COMPANY") - DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
OSK VENTURES INTERNATIONAL BERHAD TypeAnnouncementSubjectOTHERS DescriptionOSK VENTURES INTERNATIONAL BERHAD ("OSKVI" OR "THE COMPANY") - DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that the aggregate sale consideration of quoted securities by the Company for the preceding twelve (12) months, which has not been announced, has exceeded 5% of OSKVI's latest audited consolidated net assets, details are as follows:-
RM % of OSKVI’s Consolidated Net Assets (a) Aggregate sale consideration within the preceding twelve (12) months 17.54 million 10.08%
RM (b) Investments in quoted securities as at 11 December 2019
Total Cost Total Book Value Total Market Value
47.28 million 74.73 million 74.73 million (c) Net gain arising from the sale of quoted securities during the current financial year ending 31 December 2019
(Sales proceeds less last carrying value)
1.74 million
This announcement is dated 11 December 2019.
Announcement Info
Company NameOSK VENTURES INTERNATIONAL BERHADStock NameOSKVIDate Announced11 Dec 2019CategoryGeneral Announcement for PLCReference NumberGA1-11122019-00042
OTHERS OSK VENTURES INTERNATIONAL BERHAD ("OSKVI" OR "THE COMPANY") - DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
OSK VENTURES INTERNATIONAL BERHAD TypeAnnouncementSubjectOTHERS DescriptionOSK VENTURES INTERNATIONAL BERHAD ("OSKVI" OR "THE COMPANY") - DEALINGS IN QUOTED SECURITIES PURSUANT TO RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Pursuant to Rule 9.20 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that the aggregate sale consideration of quoted securities by the Company for the preceding twelve (12) months, which has not been announced, has exceeded 5% of OSKVI's latest audited consolidated net assets, details are as follows:-
RM % of OSKVI’s Consolidated Net Assets (a) Aggregate sale consideration within the preceding twelve (12) months 10.41 million 5.98%
RM (b) Investments in quoted securities as at 22 November 2019
Total Cost Total Book Value Total Market Value
60.56 million 87.01 million 87.01 million (c) Net gain arising from the sale of quoted securities during the current financial year ending 31 December 2019
Market cap of oskvi only ~RM81mil based on current price, ~15% stake in Willowglen valued at ~RM250mil x 15%~RM38.5mil. net asset per share of oskvi = 85sen @ 30 sept 2019. OSKVI is seriously undervalued
oskvi should sell the stake in willowglen and return to shareholders. RM38.5mil / 197mil shares issued ~ 24.5sen per share to oskvi shareholders like airasia did recently.
ON Nov 22, Tan Sri Ong Leong Huat, the banker who founded OSK Investment Bank, disposed of five million Willowglen MSC Bhd shares at 45 sen apiece. The shares were held via OSK Technology Ventures Sdn Bhd and represented 1% of Willowglen’s share base. On the same day, Willowglen’s largest shareholder, New Advent Sdn Bhd, acquired four million shares through an off-market deal, raising its shareholding in the industrial engineering and technology company to 55%. New Advent is an investment holding company of Willowglen’s group managing director Wong Ah Chiew and executive director Simon Wong Chu Keong.
OSK Technology has been disposing of its Willowglen shares since April, reducing its stake to 10.37% from 12.06%.
In the first nine months of the financial year ended Dec 31, 2019, Willowglen’s net profit jumped more than 50% year on year to RM11 million owing to improved margins in spite of a 11% drop in revenue to RM87.07 million.
oskvi has more 10% stake in willowglen , willowglen. willowglen share price has risen a lot since last quarter results. coming quarterly results will fly. mark to market price, oskvi will report huge profit probably :)
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oskvi holds more than 10% willowglen shares, worth more than rm20mil . selling in stages , next quarter Will profit I guess