Just would like to ask old timers in stock market, would CMSB move up a bit just before its ex-date? Like Hup Seng, it moved up 1.50 before its ex-date.
1) Subdivision of every one (1) existing ordinary share of RM1.00 each (“Share(s)”) in Cahya Mata Sarawak Berhad (“CMSB”) into two (2) ordinary shares of RM0.50 each (“Subdivided Share(s)”) held in CMSB as at 5:00 p.m. on 26 June 2014 (“Subdivision”).
2) Bonus issue of up to 362,390,340 new ordinary shares of RM0.50 each in Cahya Mata Sarawak Berhad (“CMSB”) (“Subdivided Share(s)”) (“Bonus Share(s)”) after the Subdivision on the basis of one (1) Bonus Share for every two (2) Subdivided Shares held (“Bonus Issue”).
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex - All" ] as from : [ 24 June 2014]
2) The last date of lodgement : [ 26 June 2014]
3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-
a) Selling Broker to deduct [ 1/3 ] , of the Selling Price against the Selling Client.
b) Buying Broker to deduct [ 33.33% ] of the Purchase Price against the Buying Client.
c) Between Broker and Broker, the deduction of [ 1/3 ] of the Transacted Price is applicable.
Remarks :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 27 June 2014 with Share split and Bonus issue of CMSB shares of RM 0.50 each, any shareholder who is entitled to receive CMSB Share split and Bonus issue shares, may now sell any or all of his CMSB shares arising from the Share split and Bonus issue beginning the Ex-Date (24 June 2014 ).
For example, if Mr X purchases 100 CMSB shares on cum basis on 23 June 2014, Mr X should receive 100 shares on 26 June 2014. As a result of the Share split and Bonus issue, a total of 300 CMSB shares will be credited into Mr X's CDS account on the night of 26 June 2014 being the Book Closing Date. Therefore, Mr X can sell the Share split and Bonus issue shares of 300 on or after the Ex-Date ie from 24 June 2014 onwards."
East -tea, CMSB may most probably maintain its price at this level, with a bias towards downside until ex. For it to revisit RM31, never say never, after ex? hahaha.
KUALA LUMPUR: The Yang di-Pertuan Agong, Tuanku Abdul Halim Mu'adzam Shah on Monday bestowed the Seri Maharaja Mangku Negara (SMN) award, which carries the title "Tun", on the Yang di-Pertua Negeri of Sarawak, Tan Sri Abdul Taib Mahmud.
The investiture took place at the Balai Rong Seri (Throne Room) of the Istana Negara here.
It was attended by the Raja Permaisuri Agong, Tuanku Hajah Haminah.
Also present were Prime Minister Datuk Seri Najib Tun Razak and his wife, Datin Seri Rosmah Mansor; Deputy Prime Minister Tan Sri Muhyiddin Yassin; Sarawak Chief Minister Tan Sri Adenan Satem and Taib's wife, Puan Sri Ragad Kurdi Taib.
Taib was sworn in as Sarawak's seventh Yang Dipertua Negeri on March 1 after stepping down as the chief minister on Feb 28.
He had been the chief minister for 33 years from March 26, 1981, after having succeeded his uncle, Tun Abdul Rahman Ya'kub. - Bernama
don't look at this counter, don't make it hot here, let it silently up up up. Just look at it in Dec 2015. Another 10x made. Sarawak is growing, do not see any problem on this counter at all. End of my thought. Again, let's don't talk about it for 2 years.
10 more trading days to ex-date. Hopefully can go above 10.00. After ex, it will consolidate throughout the world cup for 1 month. At the end of world cup, buy again (hopefully not too far away from 3.00) and keep for long term.
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....
8wpwtmt8
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Posted by 8wpwtmt8 > 2014-05-21 15:48 | Report Abuse
Just would like to ask old timers in stock market, would CMSB move up a bit just before its ex-date? Like Hup Seng, it moved up 1.50 before its ex-date.