0153 OVERSEA, OVERSEA ENTERPRISE BERHAD - + OVERSEA - Unusual Market Activity 28 Jul 2020, 12:41 OVERSEA - Unusual Market Activity OVERSEA - Unusual Market Activity ILC-28072020-00005 Bursa Malaysia Securities Berhad has on 28 July 2020 issued an UMA query on the sharp rise in the price and trading volume of OVERSEA shares recently. In this respect, investors are advised to take note of the Company?s reply to the above UMA query which will be posted at Bursa Malaysia?s website under the company announcements,http://www.bursamalaysia.com/market/listed-companies/company-annou' target='_blank'>http://www.bursamalaysia.com/market/listed-companies/company-annou ncements/ when making their investment decision. The contents of the UMA query is as follows:- We draw your attention to the sharp rise in price and volume of your Company?s shares recently (?trading activity?). In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Paragraph 9.11 of the Main Market Listing Requirements ("LR"): 1. Whether there is any corporate development relating to your Group?s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions; 2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you are aware of any other possible explanation to account for the trading activity; and 4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations. Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK. Vice President MSD You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
this might happen to oversea , talk only takda action.
KUALA LUMPUR (July 28): Cable and wire manufacturer ConnectCounty Holdings Bhd said today it has ceased all negotiations pertaining to the possible reverse takeover (RTO) exercise involving S5 Systems Sdn Bhd.
This comes after it was reported last Monday that Ancom Logistics Bhd had proposed an RTO exercise which entailed the acquisition of the entire share capital in S5 Holdings Inc — the parent company of S5 Systems.
S5 Systems was reported to be one of the front runners to bid for the new National Immigration Integration System project, which is expected to be awarded in the third quarter of this year.
In an earlier filing with Bursa Malaysia on June 16, ConnectCounty said it was in negotiations with the relevant party pertaining to the possible RTO involving S5 Systems.
From the start of June, ConnectCounty shares jumped by three times, reaching a peak of 39 sen on June 15, from 13 sen. Thereafter, the stock is seen trending downwards.
The counter closed unchanged today at 15.5 sen, valuing the group at RM78.9 million. Since its peak price on June 15, the stock has lost some 60%.
Oversea Enterprise: Major shareholder in stake sale talks with potential investor. Oversea Enterprise (OEB) said it is not aware of any reasons that could explain the sharp rises in its share price and volume recently. In response to the UMA query, the small-cap restaurant chain operator, however, said two of its directors and a major shareholder had been approached by a potential investor. "The parties are in discussions on the proposed disposal of their respective shares in OEB to the potential investor," it said. (The Edge)
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD
OVERSEA ENTERPRISE BERHAD TypeAnnouncementSubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) INTENTION TO DEAL DURING CLOSED PERIODDescriptionPursuant to Rule 14.08(a) of Ace LR of Bursa Securities Berhad, the following Directors have notified of his intention to deal during the closed period.
Name
Direct
Indirect
Yu Soo Chye @ Yee Soo Chye
82,744,270
-
Khong Yik Kam
6,256,338
1,000,000
Lee Seng Fan
5,868,496
50,898,358
Yu Tack Tein
20,460,593
600,033
Announcement Info
Company NameOVERSEA ENTERPRISE BERHADStock NameOVERSEADate Announced04 Aug 2020CategoryGeneral Announcement for PLCReference NumberGA1-27072020-00053
Oversea Enterprise: Major shareholder in stake sale talks with potential investor. Oversea Enterprise (OEB) said it is not aware of any reasons that could explain the sharp rises in its share price and volume recently. In response to the UMA query, the small-cap restaurant chain operator, however, said two of its directors and a major shareholder had been approached by a potential investor. "The parties are in discussions on the proposed disposal of their respective shares in OEB to the potential investor," it said. (The Edge)
Any idea who are the potential investors? From China?
When come related to ANZO,it is wise to avoid. There are so many counters can move. First yes,then don't know last but not least it is a NO. Must suggestions just ignore unless you are in already.
offer price cuma 30sen, kejar untuk APA? gila KUALA LUMPUR (Aug 7): Oversea Enterprise Bhd's (OEB) share price rose as much as 17.5 sen or 55.56% after the Chinese restaurant operator received a takeover offer from Datuk Chai Woon Chet, the managing director and a substantial shareholder of Anzo Holdings Bhd.
OEB shares jumped to their all-time high of 49 sen, which was 63.33% higher than the takeover offer price of 30 sen made by Chai.
At 11.50am, the stock had pared gains to 41 sen, still up by 9.5 sen or 30.16% compared with yesterday’ closing price of 31.5 sen. Some 9.87 million shares were traded, about 34 times its 200-day average trading volume of 276,385.5 shares.
Yesterday, OEB told the stock exchange that Chai on the same day entered into a sale and purchase agreement with five parties to buy the stake, comprising 151.26 million shares or a 62.37% stake in the company, for a cash consideration of RM45.37 million.
The vendors are Yu Soo Chye @ Yee Soo Chye, Yu Tack Tein, Simple Angel Capital Sdn Bhd, Lee Lim
Anzo MD taking over Oversea restaurant operator for its potential By Sharen Kaur - August 7, 2020 @ 11:16am Anzo Holdings Bhd’s Datuk Eddie Chai Woon Chet says he is buying a major stake in Oversea Enterprise Bhd (OEB) to ride on the potential growth of the Chinese restaurant chain in Malaysia. Anzo Holdings Bhd’s Datuk Eddie Chai Woon Chet says he is buying a major stake in Oversea Enterprise Bhd (OEB) to ride on the potential growth of the Chinese restaurant chain in Malaysia. KUALA LUMPUR: Anzo Holdings Bhd's Datuk Eddie Chai Woon Chet says he is buying a major stake in Oversea Enterprise Bhd (OEB) to ride on the potential growth of the Chinese restaurant chain in Malaysia.
Chai, who is managing director of Anzo and director of M3 Technologies (Asia) Bhd, on Thursday launched a takeover offer for OEB, which owns and operates the Chinese restaurant chain under the name Oversea.
OEB, in its filing to Bursa Malaysia, announced that it had received an unconditional mandatory takeover offer from Chai.
The company said he was buying a 62.37 per cent stake or 151.3 million shares for RM45.38 million from its substantial shareholders.
They are Yu Soo Chye @ Yee Soo Chye, Yu Tack Tein, Simple Angel Capital Sdn Bhd, Lee Lim
What is the difference between investing and speculation?
Benjamin Graham addressed the differences between them on the very first page of his book, The Intelligent Investor.
Graham wrote, "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return."
Based on this definition, there are three components to investing:
thorough analysis,
safety of principal, and
adequate return.
Graham added, "Operations not meeting these requirements are speculative."
To this, we can add:
(1) Any contemplated holding period shorter than a normal business cycle (typically 3 to 5 years) is speculation, and
(2) any purchase based on anticipated market movements or forecasting is also speculation.
Value investing meets Graham's definition of investing, addressing on: its focus on individual company analysis to determine intrinsic value, the margin of safety concept, and its success over the long term.
The distinction between investing and speculation is important for a reason Graham cited in 1949 and remains true today: "... in the easy language of Wall Street, everyone who buys or sells a security has become n investor regardless of what he buys, or for what purpose, or at what price...."
The financial media often refers to "investors" taking profits, bargain hunting, or driving prices higher or lower on a particular day. However, these actions are rightly attributed to speculators, not investors.
Investors and speculators approach their tasks differently.
Investors want to know what a business is worth and imagine themselves as owning the business as a whole. Unlike speculators, investors maintain a long-term perspective—at least 3 to 5 years. They look at a company from the perspective of owners. This means they’re interested in factors such as corporate governance, structure, and succession issues that may affect a company’s future and its ability to create wealth for years to come. Investors may use their voting rights to assist in enhancing company value over the long term.
Speculators, on the other hand, are less interested in what a business is actually worth and more concerned with what a third party will pay to own shares on a given day. They may be concerned only with short-term changes in a stock’s price, not in the underlying value of the company itself.
The problem with speculation is simple:
Who can predict what a third party will pay for your shares today, tomorrow, or any day?
Stock market prices typically swing between extremes, stoked by the irrational emotions of fear and greed.
Focus on the long term business value
Such dramatic price fluctuation on a day-to-day basis can test long-term investors’ mettle in maintaining their focus on business value.
Remember, the tendency is for business values day-to-day to remain relatively stable.
Day-to-day price changes should hold little interest for the long-term investor, unless a price has fallen to the “buying level” that represents a sizable margin of safety.
But that’s often difficult to remember when newspaper headlines, TV news anchors, friends, and coworkers are lamenting or lauding the market’s most recent lurch forward or back.
Anzo MD.....hahaha.....don't and trapped .....look at his goreng om ANZO stock.....push up price with big strory then sharks exited.....ikan bilis caught and many are dead
After Shark exit big U turn will happen.....read Anzo to understand how he goreng......
Auditor will be appointed to do due diligence . Then take over is aborted because due diligence failed.....haha...ikan bilis pls be careful......this is not the first time he goreng
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
26,560 posts
Posted by Good123 > 2020-07-09 12:20 | Report Abuse
26sen,more interesting