i saw some similar pattern in ccb & fgv post announcement of privatisation takeover offer..i guess the same similar pattern will happen to mmccorp next
https://themalaysianlawyer.com/2018/10/26/selangor-properties-berhad-proposed-selective-capital-reduction/ Stock [SPB]: SELANGOR PROPERTIES BERHAD Announcement Date 29-Apr-2019 Financial Year 31-Oct-2018 Subject Others Type Capital Repayment Description Selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act (SCR) Amount RM 6.3 Ex Date 10-May-2019 Entitlement Date 13-May-2019 Payment Date 23-May-2019
On behalf of the Board, CIMB Investment Bank Berhad wishes to announce that the Board, has today, received a letter from Kayin Holdings Sdn Bhd to revise the SCR Offer Price for the Proposed SCR from RM5.70 to RM6.00 for each existing SPB Share (“Revised SCR Offer Price”) held by the Entitled Shareholders (“Revised Proposal Letter”). Save for the Revised SCR Offer Price, all other material terms and conditions to the Proposed SCR remain the same.
A copy of the Revised Proposal Letter is enclosed herewith. This announcement is dated 17 December 2018.
On behalf of the Board, CIMB Investment Bank Berhad wishes to announce that the Board, has today, received a letter from Kayin Holdings Sdn Bhd to revise the SCR Offer Price for the Proposed SCR from RM6.00 to RM6.30 for each existing SPB Share (“Revised SCR Offer Price”) held by the Entitled Shareholders (“Revised Proposal Letter”). This announcement is dated 15 January 2019.
The Board of Directors of SPB wishes to announce that the disinterested shareholders of SPB have approved the Special Resolution set out in the Notice of Extraordinary General Meeting ("EGM") dated 22 January 2019 in respect of the Proposed SCR, at the EGM of SPB held today, 14 February 2019.
Any Revised SCR offer price need to be done before notices of EGM. After that it depend on disinterested shareholders voting at EGM to accept or reject the offer.
@wickedlion cannot eat until no bilis left la, at least one bilis here still holding firm at 1.80, not selling at 1.80, then of course not selling at any lower price, the only thing that can fear me out if the boss announced u turn
I am good enough not to be greedy if it the boss himself offered to privatize at RM1.80, but since now the boss already said Rm2, then RM2 at least. 10% discount is definitely a big NO
this is TS SM we are talking about..i may not used to this kind of exercise but at least i know when he want to do something he really mean it..so u-turn is not part of TS SM character afaik
people worried about u-turn, but is there any reason you can give to justify a u-turn? Because even though the major share holder himself not allowed to sell his own share, but he can tell his relative or friends to sell their shares and earn easy money. If this is allowed, then lots of other company's major share holder will play this kind of game already. Some so called u-turn case was "announced" by news media, not Bursa announcement.
top up again a few @ Rm1.8 to maximize profit here with my left over cash for investment, minimum risk with promised 10% profit. I trust the boss because he is the one who will be benefit the most from the privatization
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....
hhc8
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Posted by hhc8 > 2021-06-08 15:19 | Report Abuse
if buy 1.80. 20 sen or 10% in 6 months. annualised 20% pa. not bad compared to FD 2.2%