Btw, can anyone give some input on Nominee CDS account? MMAG CAPITAL SDN BHD PLEDGED SECURITIES ACCOUNT FOR PENTAGON PARADE SDN BHD, does it mean that PPSB (Eugene) using his share equity in MCSB to share margin finance his share in VC?
interesting that both Eugene and Madam willing to lose money just to be in control. That means, someday they have to recoup the losses. Otherwise they will be forever losing if Dato gains control of this cash rich company.
VC AR 2018 did not list CSY as substantial share holders. Prior to rights issue no announcement of CSY buying substantially. CSY must have bought after issue of VC-PA via open market to become largest holder of VC-PA. If analysis is correct CSY holding cost of vC-PA probably high . Now again pay for conversion ICPS to VC CSY cost of VC should be very high. Can anybody able to concur this analysis?
Reap88 VC AR 2018 did not list CSY as substantial share holders. Prior to rights issue no announcement of CSY buying substantially. CSY must have bought after issue of VC-PA via open market to become largest holder of VC-PA. If analysis is correct CSY holding cost of vC-PA probably high . Now again pay for conversion ICPS to VC CSY cost of VC should be very high. Can anybody able to concur this analysis? 29/04/2020 9:58 AM
i hope this update is right: NOSH 863m Dato % from 16.2 to 14.8 Mdm Chan % from 16.7 to 15.1 Eugene % from 4.2 to 12.5 Choo % from 12.6 to 11.5 4 major shareholding 53.9%
A few puzzling questions raised as below: 1. why do they want to increase their stake via conversion of PS when purchased from market is cheaper? 2.are they raising fund for the company? 3.is someone blocking the share price to discourage opponent from converting the PS? 4. if want to increase the stake it will be cheaper to buy from the market? Isn't it?
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Excuse me.The people who convert the shares at such a high prices usually long term investor 5-10 years.There see something other cannot see lah.There are utilized their skill together to made sure it reach their own target price.
Super_newbie, Unless a person is a shareholder before rights issue only entitled to get VC-PA. CSY not substantial shareholder before rights issue. To be the biggest shareholder of VC-PA, CSY must have bought VC-PA from open market. Please check VC announcements 2019 for confirmation
From my calculations EG 107M, CSY 350M, CPH 100M, NSK 128M NOSH 863M. Free float available only 178M inclusive of the 2-10M those in this chat group holding. Can anybody reconfirm shareholding of the above 4?
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super_newbie
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Posted by super_newbie > 2020-04-28 15:40 | Report Abuse
Michael, but with your 27 years experience, you can't even understood the VC's ICPS conversion from your past commends? lol