KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained higher at mid-morning today in tandem with its regional peers with more than two billion shares changing hands, dealers said.
At 11.21am, the FBM KLCI stood at 1,874.08, up 1.92 points, after opening firmer at 1,8874.35.
kaykay...nobody will answer to your question....they will only answer when talamt went up 0.05 cents,then eveyrbody will give you their opinions.....lol
The Company has been informed today by Tan Sri Dato’ (Dr) Ir Chan Ah Chye @ Chan Chong Yoon (“TSCAC”), a Director and substantial shareholder of the Company, that he has entered into a Memorandum of Understanding (“MOU”) on 21 August 2014 with Kumpulan Europlus Berhad (Company No. 534368-A) [“KEB”] whereby TSCAC is desirous to purchase 840,000,000 ordinary shares in Talam Transform Berhad (“Sale Shares”) from KEB of which KEB is the registered holder and beneficial owner at a purchase consideration of RM0.11 per share. This MOU shall be valid for 4 weeks from the date of the MOU or the execution of a sale and purchase agreement of the Sale Shares, whichever is earlier. This announcement is dated 21 August 2014.
In terms of major shareholder movements, Talam Transformation Bhd may see activity, as Tan Sri Chan Ah Chye has entered into a memorandum of understanding (MoU) with Kumpulan Europlus Bhd (Keuro) to purchase 840 million shares or a 19.9% stake in Talam at 11 sen per share, which works out to RM92.4 million.......extract from EDGE.
from this private deal transaction, we can conclude that tan sri Chan Ah Chye has plan to revitalise the company and that's why he has confident and thus increases his shareholding. Normally, the off-market transaction will be done deal at a discount, and that's why the price was set at 0.11 whereby the current market price is 0.13, but i believe he is not interested to make this short term gain. Instead he is looking at something much bigger.... It is a very GOOD news.
as i indicated earlier, this is just the beginning.....tan sri increases his shareholdings.....the main catalyst is the state govt apporval for the rm2bllion project.....
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....
fyh30
2,317 posts
Posted by fyh30 > 2014-08-20 08:17 | Report Abuse
Sawadeekap everyone..:D