KUCHAI DEVELOPMENT BHD

KLSE (MYR): KUCHAI (2186)

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Last Price

0.88

Today's Change

+0.06 (7.32%)

Day's Change

0.78 - 0.895

Trading Volume

1,054,800


4 people like this.

1,021 comment(s). Last comment by titita 3 hours ago

dompeilee

11,888 posts

Posted by dompeilee > 2024-05-14 09:27 | Report Abuse

dompeilee

Averaged UP @ 2.08 just now. As a point of interest, Kuchai's holdings in Great Eastern @ the takeover price alone is worth 2.13, not including the 66-68c in cash per shr once the latter's dividend is credited & disregarding all the other assets(Emerald Hill S'pore shophouse & 8 ha Semenyih land)
3 days ago


Took some contra profit on Kuchai @ 2.30-2.35

Diamond7

2,373 posts

Posted by Diamond7 > 2024-05-18 21:29 | Report Abuse

# Dompeilee
Congrats!
You took profit at 230/235

Cooling period....

Posted by lionel messi > 2024-05-20 11:44 | Report Abuse

What has KSeng got to do with this?

Soliday

76 posts

Posted by Soliday > 2024-05-20 17:50 | Report Abuse

looking positive, monitor awhile

Diamond7

2,373 posts

Posted by Diamond7 > 2024-05-26 19:11 | Report Abuse

Kuchai Development, will distribute the Sg Bagan shares to shareholders . It will distribute the shares on the basis of 222 Sg Bagan shares for every 1,000 Kuchai Development shares held.

dompeilee

11,888 posts

Posted by dompeilee > 2024-05-27 06:56 | Report Abuse

That's why the Edge is dvmb...cap ayam reporting...this deal is not a win-lose deal: it's win-win for both companies.If SBagan continues to rise, Kuchai shareholders will get MORE so the OCBC takeover benefits both enormously!

Posted by lionel messi > 2024-05-27 08:30 | Report Abuse

I think coming from the angle that Kuchai could have gotten more. Is there any possibility of adjustment or go around certain conditions to what was agreed at the EGM so that Kuchai will get a fairer deal?

AhPek

140 posts

Posted by AhPek > 2024-05-27 10:53 | Report Abuse

Sg Bagan will take over all assets and liabilities of Kuchai. All benefits are going to Sg Bagan. Kuchai is just a shell company. Might as well buy Sg Bagan in the open market rather than wait for that 222 shares.

AhPek

140 posts

Posted by AhPek > 2024-05-27 10:55 | Report Abuse

90%+ supported the resolution during the EGM. There is no going back.

zildjian

38 posts

Posted by zildjian > 2024-05-27 14:55 | Report Abuse

at the end kuchai become below RM0.800 ?

dompeilee

11,888 posts

Posted by dompeilee > 2024-05-27 17:08 | Report Abuse

Great Eastern closes UP 73c on the SGX on fairly high vol of 165,100 shrs, nearly 3% above OCBC's offer. This can only be good for both Kuchai & SBagan as they are unlikely to need to accept the bid & can keep the viable option to sell on the open market instead.

Posted by lionel messi > 2024-06-27 14:36 | Report Abuse

Cut off date extended till 29 Oct 2024 is positive for Kuchai.

AhPek

140 posts

Posted by AhPek > 2024-06-28 15:51 | Report Abuse

Can Kuchai's shareholders still negotiate for a better deal from Sg Bagan after they have voted for the resolution?
Extending the date will not make any difference to the resolution. .

Diamond7

2,373 posts

Posted by Diamond7 > 2024-06-29 15:07 | Report Abuse

Kuchai is still holding the GE shares

Can kuchai sell the GE shares to OCBC
Or must kuchai hand them to SBagan???

AhPek

140 posts

Posted by AhPek > 2024-06-30 00:28 | Report Abuse

Based on the approved resolution, Sg Bagan will definitely take over the assets and liabilities of Kuchai first before they will sell their GE shares to OCBC. I don't think Sg Bagan will allow Kuchai to sell direct to OCBC.

Diamond7

2,373 posts

Posted by Diamond7 > 2024-06-30 17:48 | Report Abuse

July 12 th closing date!!!!

AhPek

140 posts

Posted by AhPek > 2024-07-12 23:13 | Report Abuse

Seen the latest announcement?

Diamond7

2,373 posts

Posted by Diamond7 > 2024-07-13 17:41 | Report Abuse

GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months

Ahthau

5 posts

Posted by Ahthau > 2024-08-02 12:07 | Report Abuse

Any chance Kuchai receive Great Eastern dividend declare recently ?

Posted by lionel messi > 2024-08-06 21:07 | Report Abuse

Sure. The GE shares are still residing in Kuchai.

BE_GREEEEEDY

1,834 posts

Posted by BE_GREEEEEDY > 2024-08-10 10:35 | Report Abuse

potential $$$$$😋

Soliday

76 posts

Posted by Soliday > 2 months ago | Report Abuse

Result good, KUCHAI is back

AhPek

140 posts

Posted by AhPek > 2 months ago | Report Abuse

High volume lately. Something interesting coming?

Diamond7

2,373 posts

Posted by Diamond7 > 1 month ago | Report Abuse

Wa
Why give 20 cents dividend?

Diamond7

2,373 posts

Posted by Diamond7 > 1 month ago | Report Abuse

After the swap with SBagan
Kuchai will be a cash rich shell company!

Will SBagan be privatise after the swap?????

AhPek

140 posts

Posted by AhPek > 1 month ago | Report Abuse

Hope so. After the swap, Sg Bagan NTA should be around RM13, right???

dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

Jumped into 25,000 Kuchai total @ $2.07 at the open.

dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

Transfer of assets & SBagan shares finalized! Now just waiting for ex-date for 0.222 SBagan shares in exchange for each Kuchai share to be fixed...

Diamond7

2,373 posts

Posted by Diamond7 > 1 month ago | Report Abuse

@Dompeilee
Excellent!!!
Yes!
Now SBagan moving up up

Once kuchai is alloted SBagan shares...
Share price will move up again!
Kuchai price very dependent on SBagan shares price!

speakup

27,028 posts

Posted by speakup > 1 month ago | Report Abuse

I like Kuchai. A lot of good food there but I find parking there is a problem

Diamond7

2,373 posts

Posted by Diamond7 > 1 month ago | Report Abuse

Yes
Later kuchai give you a basket of free gifts ... 🎁
Open the box!
U will find free "SBagan"😍

Diamond7

2,373 posts

Posted by Diamond7 > 1 month ago | Report Abuse

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description (I) DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KUCHAI DEVELOPMENT BERHAD ("KDB") TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARES") ("DISPOSAL"); AND

(II) DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A CAPITAL REDUCTION AND REPAYMENT AND DIVIDEND-IN-SPECIE ("DISTRIBUTION")

(COLLECTIVELY, "PROPOSALS")
We refer to the Company's announcements dated 29 December 2023, 28 February 2024, 18 March 2024, 7 May 2024, 26 June 2024, 3 July 2024, 12 July 2024, 30 July 2024, 23 September 2024, 3 October 2024 and 10 October 2024 as well as the Company's circular dated 15 April 2024 ("Circular") in relation to the Proposals. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.



Reference is made to Section 4 of the Circular and the Company's announcement on 10 October 2024 in relation to the completion of the Disposal.



On behalf of the Board, RHB Investment Bank wishes to announce that, following the completion of the Disposal, an application was submitted to Bursa Securities on 11 October 2024 to seek the guidance of Bursa Securities on whether KDB is considered as a Cash Company under Paragraph 8.03 of the Listing Requirements.



The Company is currently pending a decision from Bursa Securities on the abovementioned matter.



This announcement is dated 11 October 2024

dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

Considering both the 20c dividend AND the upcoming SBagan dividend in specie, the yield is an astounding 69.3% @ the current price of $2.16!

Lelong LELONG! By 11 Dec the price will almost surely be above $2.35!

AhPek

140 posts

Posted by AhPek > 1 month ago | Report Abuse

What happen if the effective date for the take over of Kuchai assets and liabilities is before 11 Dec?

dompeilee

11,888 posts

Posted by dompeilee > 1 month ago | Report Abuse

I'm neither a lawyer nor a corporate M&A expert but doesn't the latest announcement imply that SBagan already owns all of Kuchai's former assets except its cash pile & its Semenyih land while the latter already owns 26.7 mil of the former's shares?

AhPek

140 posts

Posted by AhPek > 1 month ago | Report Abuse

Oh, the deal already done? I thought they going to fix a date for the actual transfer.

Diamond7

2,373 posts

Posted by Diamond7 > 1 week ago | Report Abuse

Dividend in specie on 21-Nov-2024

216 per 1000

TheContrarian

9,497 posts

Posted by TheContrarian > 1 week ago | Report Abuse

Will Kuchai price adjust down after it goes ex-dividend? How much will it adjust down?

AhPek

140 posts

Posted by AhPek > 5 days ago | Report Abuse

After adjustment, 1.40???

mf

29,189 posts

Posted by mf > 5 days ago | Report Abuse

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TheContrarian

9,497 posts

Posted by TheContrarian > 5 days ago | Report Abuse

Posted by AhPek > 8 hours ago | Report Abuse

After adjustment, 1.40???

How do you calculate to get RM1.40?

AhPek

140 posts

Posted by AhPek > 4 days ago | Report Abuse

Sorry. I think RM1.40 is the NTA not the adjusted price.

AhPek

140 posts

Posted by AhPek > 4 days ago | Report Abuse

Sg Bagan =5.65
Kuchai =2.02
2.02-(5.65 ×0.216)=0.80

multi530

342 posts

Posted by multi530 > 3 days ago | Report Abuse

need to deduct dividend of 0.19 too?

TheContrarian

9,497 posts

Posted by TheContrarian > 3 days ago | Report Abuse

Dividend of 0.20 not 0.19, goes ex next month.

dompeilee

11,888 posts

Posted by dompeilee > 10 hours ago | Report Abuse

Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...

Posted by LittleKnife > 9 hours ago | Report Abuse

anybody knows when do we receive the sbagan shares ?

zildjian

38 posts

Posted by zildjian > 8 hours ago | Report Abuse

2/12

titita

5 posts

Posted by titita > 3 hours ago | Report Abuse

dividend rm200 per 1000 shares pay on 2/12/24??

titita

5 posts

Posted by titita > 3 hours ago | Report Abuse

such big "frog"? or just some gimmick...?
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