the fact that big buyer(s) can quickly sapu 1 million treasury shares & continue to quietly eat up all offers at this lelong 71.5-72 sen level shows that there is good prospects for ALCOM to be rerated soon, maybe at end-Aug Qtr results ? , so,we just need a bit of patience , ALCOM will not disappoint...
EX-date: 01 Aug 2018 Entitlement date: 03 Aug 2018 Entitlement description: Entitlement date for the exchange of all the issued ordinary shares in Aluminium Company of Malaysia Berhad ("Alcom") ("Alcom Share(s)") with new ordinary shares in Alcom Group Berhad ("AGB Share(s)"), on the basis of 1 new AGB Share for every 1 existing Alcom Share held, via a scheme of arrangement under Section 366 of the Companies Act, 2016 ("Share Exchange")
AGB (holding co.) will have 2 main subsidiary companies, ALCOM (aluminium prod.) & SCLAND DEVELOPMENT S/B (property). 1st project by SCLAND will be rm500 million industrial park for SMEs in e-commerce business
the good news is the property business is handled by experienced property experts from SCLAND, n ALCOM will have 2 revenue streams by 2019 onwards. the income doubled !! so,, what shd be the share price, to reflect the sudden doubling of business growth ?
This announcement is made by UOBKH on behalf of Alcom. The shareholders of Alcom whose names appears on the Record of Depositors of Alcom at the close of business on Friday, 3 August 2018, shall be entitled to participate in the Share Exchange
In order to facilitate the Share Exchange, the trading of Alcom Shares on the Main Market of Bursa Securities will be suspended from 9.00 a.m. on Monday, 30 July 2018, being 3 clear market days prior to the Entitlement Date.
Accordingly, the last time and day for trading of Alcom Shares on the Main Market of Bursa Securities shall be at 5.00 p.m. on Friday, 27 July 2018.
The suspension of trading of Alcom Shares will continue until the admission of AGB to the Official List of Bursa Securities and the listing of and quotation for the AGB Shares on the Main Market of Bursa Securities.
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....
Bystander123
785 posts
Posted by Bystander123 > 2018-07-18 22:58 | Report Abuse
total amt from sales of 1 million treasury shares, rm713,497.729 (nett) at lelong price of 71.5-73 sen.
http://www.bursamalaysia.com/market/listed-companies/company-announcem...