Posted by sky2 > 2015-06-24 17:13 | Report Abuse

Why Dr J sold off at 18sen to unrelated party ? unlikely

Posted by ypwoo1003 > 2015-06-24 17:15 | Report Abuse

where to see the 18sen price? It is not within 10% of the price..

Posted by daretoplay > 2015-06-24 17:16 | Report Abuse

tomorrow is the day! d-day

Posted by JN88 > 2015-06-24 17:17 | Report Abuse

sky2: jz kidding haha

I wish to learn from this counter how German people doing their business......

Posted by Awesome > 2015-06-24 17:17 | Report Abuse

still no announcement who bought it.. Have to wait till tmr luu..

Posted by Jim Tan > 2015-06-24 17:24 | Report Abuse

He passed awayed.... Seem like a bad news

Posted by Awesome > 2015-06-24 17:44 | Report Abuse

@jimtan who passed away? == lol out of so many rumours I hereby announce yours is the best of the day! hehe..

Posted by JN88 > 2015-06-24 17:46 | Report Abuse

ETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.

At the price of 18.8 sen, it was a 31.5% or 8.7-sen discount to Frontken’s closing price of 27.6 sen yesterday.

Hohnloser is currently the single largest shareholder with a 27.75% stake in the company. This is followed by Lembaga Tabung Haji, which has 4.91%.

There had been much speculation in the past that Hohnloser was looking to secure more control over Frontken.

The stock was the fifth heaviest-traded stock of the day. Frontken closed 0.5 sen lower to 27.6 sen on a volume of 38.1 million shares. At this price, it is trading slightly above its net asset per share of 25 sen.

Hohnloser, who owns a European company with the same business as Frontken called Cleanpart GmBH, provides the same services as Frontken, namely, the provision of services to maintain equipment in the semiconductor and other industries.

Hohnloser first bought into Frontken in 2010. Financially, the fortunes of Frontken have been steadily improving.

It made a 48.8% jump in net profit to RM6.82mil on the back of a 60.2% increase in revenue to RM77.22mil for its first quarter to March 31, 2015. For financial year 2014, it made a net profit of RM18.77mil from a previous loss of RM2.32mil.

The company had cash and bank balances of RM70.62mil as at the first quarter, a vast improvement from the RM33.33mil it had in the same quarter of the previous year.

It has long-term borrowings of RM23.98mil and short-term borrowings of RM12.63mil.

Apart from a one-off gain of an associate company in 2014, the better results were mainly attributable to the improved business performance of the group’s subsidiaries in Taiwan and Malaysia.

There was a ramp-up in the semiconductor business in Taiwan due to the improved outlook in this sector.

In the case of Malaysia, the better performance was mainly due to the recognition of progressive revenue from the ATB project at Tanjung Bin, coupled with higher revenue from both its oil and gas (O&G) and semi-conductor divisions.

Frontken got a new lease of life last year after acquiring 45% in TTES Team & Specialist Sdn Bhd for RM11mil, which includes an RM8mil profit guarantee for two years.

TTES is an engineering services provider which also owns a licence to supply and provide services to the Petroliam Nasional Bhd group of companies.

O&G is a key segment of Frontken’s business. The other industries it serves are power, electronics manufacturing and marine.

Posted by JN88 > 2015-06-24 18:08 | Report Abuse

gimmy2u: confirmed the news ady?

Posted by sky2 > 2015-06-24 18:12 | Report Abuse

Ya..gimmy2u..better u post the news on who bought the 290m from Dr. Jorg

Posted by brutusbeefcake > 2015-06-24 18:19 | Report Abuse

he bought 18 cents only ?

frontkn will drop to 22 cent then.

Posted by crawler > 2015-06-24 18:26 | Report Abuse

if can drop to 22 cents then good la..

Posted by sky2 > 2015-06-24 18:32 | Report Abuse

Crawler u are right ..they sell at 22sen ..then we buy more...it is on willing seller n willing buyer basis..win win for all.

Posted by Awesome > 2015-06-24 18:56 | Report Abuse

Below is a little background of DR Jorg... u think he will sell cheaper 31% than the market price without any reasonable reasons and to whom he sold to? hehe.. anyway, tmr everything will be revealed. Just make more popcorns and relaxx^^
Dr. Jorg Helmut Hohnloser has been a Non-Independent Non Executive Director of Frontken Corporation Berhad since February 20, 2012. Dr. Hohnloser has 25 years of working experience in the medical field, including research and teaching, and was involved in the development of IT systems. In 2000, he took over the management of Cleanpart GmbH and built from a single-location operation in Germany to a group with 12 locations in Germany, France and USA. He holds a MD from University of Munich, Germany and PhD (Medical Informatics) from University of Ulm, German.

Posted by Awesome > 2015-06-24 18:58 | Report Abuse

@sky2 and @crawler like this I have to go find more fund to buy lo.. hehehe..

Posted by cpng > 2015-06-24 19:07 | Report Abuse

我来说下故事
大白鲨遇上恐龙,棋逢敌手
原有大股东德国佬周三以场外交易,将手上全部约27%股权,每股$0.188卖给来自德国法兰克福的私人对冲基金,这个基金也注资入股德国佬的总公司CleanPart。
大家应该知道闻名全球的Blackstone黑石基金吧,这来自法兰克福的对冲基金是与Blackstone同个等级的,手上目前截止6月15日的总投资额有12亿欧元。
我们KLSE一堆大白鲨的大庄家,老koon也是其中的佼佼者,每个股票都有大庄家看住自家的股,自己来做大庄,炒上压下,不亦乐乎。
现在这个KLSE大水池,突然游进一只恐龙,而且是手握大笔欧元,让本地大庄手中的ringgit ,相形见拙。我们一班散户当然乐见更多炒家加入,股价越炒来越高,只有那些原本的大庄闷闷不乐不出声。

Posted by Sunkist118 > 2015-06-24 19:43 | Report Abuse

Sir OTB your advice hor

Posted by misterzikk > 2015-06-24 21:05 | Report Abuse

He will ask you to please hold, thank you.

Posted by Ooi Teik Bee > 2015-06-24 21:14 |

Post removed.Why?

Posted by Sunkist118 > 2015-06-24 21:23 | Report Abuse

Sir OTB, I am asking your opinion hor on the 18cents exchanging hand. How will it affect? I hope like VS never drop even after announced

Posted by syioksyiok > 2015-06-24 21:33 | Report Abuse

OTB, one in a million!!! if there is a million in a million...what a beautiful world it will be!!!

Posted by RosmahMansur > 2015-06-24 21:51 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4781105

The director had sold his entire stake at 18.8sen but to whom??

Posted by Sunkist118 > 2015-06-24 21:55 | Report Abuse

Apple hor would be good lor ....got TTES guaranteed and now Ares guaranteed from TSMC....rumor only

Posted by Awesome > 2015-06-24 21:55 | Report Abuse

We had been discussing all over the afternoon dy. Just wait for tmr AGM and you will know who is the "party related to Dr jorg".. Be patience.. Hehe.. Tmr night break @0.30=)

Posted by Sunkist118 > 2015-06-24 21:56 | Report Abuse

But I sure hor marriage must be good one. Cannot simply marry hor

Posted by Sunkist118 > 2015-06-24 21:59 | Report Abuse

Simply Awesome can update tomorrow from AGM

Posted by Sunkist118 > 2015-06-24 22:00 | Report Abuse

After MBO is MGO liao

Posted by sheep > 2015-06-24 22:02 | Report Abuse

why sell so cheap and for a good growth company? down tomorrow

Posted by Sunkist118 > 2015-06-24 22:04 | Report Abuse

Why ah?? I also ask Sir OTb why?
Maybe German man say "I will be bak!" Hor

Posted by sell > 2015-06-24 22:34 | Report Abuse

Sunkist 12 sen Dr Jorg will buy back.

Posted by JN88 > 2015-06-24 22:39 | Report Abuse

Today last minute people buy when the news of DR sold at 18.8sen out.....why ar??

Posted by BumbleBee > 2015-06-24 22:41 | Report Abuse

Sold 0.1888 to escape paying more GST, another $10US mil TT direct to Swiss Bank BSI account of Dr Jorg.

Posted by Sunkist118 > 2015-06-24 22:48 | Report Abuse

Ya lot I think Jorg sold to Borg n he learn Chinese like 8 hor so 188

Posted by prc4wifefe > 2015-06-24 22:49 | Report Abuse

No news at AGM....only info will be it will be a challenging quarter coming soon....Taiwan semicon show contraction, slowdown

Posted by JN88 > 2015-06-24 22:51 | Report Abuse

@prc4wifefe:how u know??Mr Coconut tell you???

Posted by Sunkist118 > 2015-06-24 22:52 | Report Abuse

No Leh hear rumor hor Jorg told Borg price go to 1.188 because Chinese fengsui good hor

Posted by Sunkist118 > 2015-06-24 22:53 | Report Abuse

JN88 more like Pamelo118 told him leh. Must be heavy hor carry two Pamela everyday.

Posted by Awesome > 2015-06-25 00:13 | Report Abuse

@sunkist118 & @jn88 I just dreamt of durian188 tmr break @0.30..hehehe

Posted by SPECIAL_ID > 2015-06-25 00:23 | Report Abuse

What time AGM start?

Posted by jointowin > 2015-06-25 08:21 | Report Abuse

11am

Posted by Lim Elson > 2015-06-25 08:42 | Report Abuse

enjoy the ride... good luck to everyone..

Posted by JN88 > 2015-06-25 08:51 | Report Abuse

Good luck everyone !! Now everyone can fly fly to berlin!!!

Posted by Awesome > 2015-06-25 08:58 | Report Abuse

hehe.. Im always ready.. woohooo

Posted by Sunkist118 > 2015-06-25 09:07 | Report Abuse

Who is going for agm?

Posted by Zool Khibri Abdul Khalib > 2015-06-25 09:14 | Report Abuse

Pls drop.. I want buy more.... Moree moree... Drop to 23sen

Posted by Jet Lee > 2015-06-25 09:17 | Report Abuse

why 23 sen better drop below 10 sen

Posted by BumbleBee > 2015-06-25 09:20 | Report Abuse

nobody going for agm lah ...all glued to trading screen ha ha ...in case frontkn sharp up or down ha ha

Posted by blackul66 > 2015-06-25 09:20 | Report Abuse

waiting for signal from AGM

Posted by Awesome > 2015-06-25 09:20 | Report Abuse

aiya 1 sen la.. i sapu all and become tycoon awesome owner of frontken.. hehe

Posted by Sunkist118 > 2015-06-25 09:20 | Report Abuse

Wah jet lee really chop hor