KUALA LUMPUR: YTL Corp Bhd is making a mandatory offer (MO) for the remaining shares in Lafarge Malaysia Bhd following the purchase of a 51% stake in the cement maker from LafargeHolcim.
KUALA LUMPUR (Feb 11): Tanco Holdings Bhd has received a take-over offer from major shareholders at 8.12 sen a share and RM1.624 per redeemable convertible note (RCN).
KUALA LUMPUR (March 13): The conditional mandatory takeover offer that loss-making Tanco Holdings Bhd has received from its major shareholders have been deemed "not fair" but "reasonable" by independent adviser BDO Capital Consultants Sdn Bhd.
In recommending that Tanco's shareholders reject the offer of 8.12 sen a share and RM1.624 per redeemable convertible note (RCN), it said its 'not fair' view outweighs the 'reasonable' view.
Previously, the conditional mandatory takeover offer from its major shareholders=> just offered 8.12 sen (0.0812 sen) a share ? That's why Tanco's shareholders reject the offer !
Currently, the director MR ANDREW TAN JUN SUAN increased the stake holding to => 50.66 % (over 50%) has triggered the takeover offer under Securities Commission Malaysia’s rules.
I think major shareholders, Mr Andrew will at least offer the takeover price at RM1.00 to RM1.50 then only the remaining shareholders only will agree to sell the shares to him !
birkincollector, What price do you think that Mr. Andrew will offered?
Tanco Holdings Bhd - Historical Data Date close price 10 Feb 2017 0.08 13 Mar 2017 0.08 14 Mar 2017 0.085 20 Mar 2017 0.095 21 Mar 2017 0.11 22 Mar 2017 0.115 05 Apr 2017 0.12 06 Apr 2017 0.125 25 Sep 2017 0.13 13 Oct 2017 0.155 26 Dec 2017 0.16
The Major shareholder currently just holding of => 50.66 % only, It's is not safe, coz even you sell any 0.7% then your company will be takeover by other people... It is to risky to do that, outside still got 49.34% , So, in order to become more safe is to make mandatory offer to buy-in the remaining shares from the market !
I think Andrew Tan will announce the mandatory offer price of RM1.00 to privitise Tanco !
Wow, US cuts interest rate again, like that Malaysia will follow soon ! Lower interest rate is good for stock market and all other sector to become bullish and prosperous !
Name MR ANDREW TAN JUN SUAN No Date of change No of securities Type of transaction Nature of Interest 1 24/10/2019 14,000,000 Others Deemed Interest
Direct (units) 14,000,000 Direct (%) 1.686 Indirect/deemed interest (units) 427,566,075 Indirect/deemed interest (%) 51.487 Date of notice 24/10/2019
Now the director Mr Andrew keep on exercise the Warrants to become new ordinary shares ! He is now already holding about => 51.5 % , will he announce mandatory takeover offer to the remaining shareholders ?
I think he is intend to increase his stakeholding and the privatise Tanco at the price of RM1.00 per 1,000 share !
Like that Jia bui liao lor ! Huat ah ! Heng ah ! Ong ah !
Type of Meeting: Annual General Meeting Date of Meeting: 18 Dec 2019 Time: 10:30 AM Venue: Poolside Cove, Sunway Lagoon Club, No. 3, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan
US-China trade war ended with a deal, 2020 onwards will be prosperous for Malaysia, Asian & world economy ! So, property sector and all other sectors will start booming ! So, Tanco & stock market definitely will spike up till sky high !
shawn88, why wanted to sell it so early? For me, i will wait till our economy prosperous time i.e 2020 onwards, which all the sectors booming especially property sector then only will sell it. At that time Tanco's price will be at RM1.00 to RM2.00
Tanco Holdings Bhd and Eduspec Holdings Bhd have entered into a 20-year land lease agreement to lease a freehold commercial land in Negeri Sembilan for Eduspec to construct and operate the edutainment theme park.
Dubbed STEM EduPark, the theme park aims to introduce science, technology, engineering and mathematics based education to the public. The STEM EduPark will comprise general amenities, STEM discovery zone, activity zone and STEM hubs zone.
@tkl88 shawn88, why wanted to sell it so early? For me, i will wait till our economy prosperous time i.e 2020 onwards, which all the sectors booming especially property sector then only will sell it. At that time Tanco's price will be at RM1.00 to RM2.00
tk88,
I come to know this from your posting in Icon. Can you share how its possible to climb from 0.07 to 1?
Mabel, Tanco is a good property stock, it have a lot of hotel properties and also is a reputable housing developer which it's development mostly in the prime locations... For your info, next year is the Visit Malaysia year 2020 !
I was Sailang all my belongings till underwear @0.045 ~ 0.05 Current price of 0.07 is still a very low price to enter, it probably will break 0.10 by next week ! Wanted to enter please be early ! T.p by end of November 2019 => break above 0.20 T.p by end of December 2019 => break above 0.50 T.p by end of March 2020 => break above 0.80 T.p by end of June 2020 => break above RM1.30 T.p by end of December 2020 => break above RM2.00
Ya, that's true... When Tanco touch 0.08 , it's warrants at least will be @0.04 Some more Tanco's share price going to spike up to the moon till RM2.00 soon ! It's Kacang putih only as easy as ABC !
Wow, 0.075 just left 2.4 million shares to grab nia... Wanted to grab cheap at 0.075 need to be fast, if not later break above 0.10, 0.20 0.50, RM1.00 and etcs then you will be regret not make quick decision ! Keep it up Tanco !
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....
birkincollector
4,129 posts
Posted by birkincollector > 2019-10-12 09:58 | Report Abuse
controlling family converting more into mother shares, 45 mil shares yesterday....wats their plan?