Posted by zolasteven > 2019-10-23 10:57 | Report Abuse

Likely the offerer will delist the company as he has more than 70% shares as for now

Posted by zolasteven > 2019-10-23 16:48 | Report Abuse

The NTA is 14c...

Posted by zolasteven > 2019-10-25 17:30 | Report Abuse

The independent report is out...it is stated NOT FAIR but reasonable

Posted by zolasteven > 2019-10-28 16:32 | Report Abuse

Hi Jack, Where did you get the figure of NTA rm0.25, I thought iT is 0.149. If NTA is Rm0.25, then the offer is very UNFAIR and UNREASONABLE !!

Posted by zolasteven > 2019-10-30 09:40 | Report Abuse

Too bad...can understand mandarin...can anyone help to summarise....tq

Posted by zolasteven > 2019-10-30 09:41 | Report Abuse

shld be cannot understand

Posted by DickyMe > 2019-10-30 10:09 | Report Abuse

The gambling industry tycoon Tan Sri Li Qiangqiang has fully offered the remaining shares of Galab.
KUALA LUMPUR (April 24): The gambling tycoon Tan Sri Tsang Liqiang has fully purchased the remaining shares of Galabu (KBUNAI, 3115, Main Board Industry Group). The independent consultant, Inpac Pacific, believes that the above offers are unfair but reasonable and recommends minority shareholders. Accept the above offer.

Recommend minority shareholders to accept the offer

The independent consultant pointed out that Galabu is a 14 sen or 56% discount on the revaluation of 25 sen per share of net assets, and therefore believes that the stock offer price is unfair.

As for each offer of 3 cents, it is a 62.5% discount on the theoretical value of 8 cents, so it is considered unreasonable.

However, considering the stock price of the whole trading day in the past 5 years from September 20, it has never exceeded the 11-yuan stock offer price, and therefore believes that the stock offer price is 5 days, 1 month, 3 months, 6 months before September 20 Even for 12 months, it is actually a 17% to 29.4% premium on the average daily trading volume weighted stock price.

In the case of vouchers, based on the above-mentioned voucher purchase price is also a premium of 20% to 100% of the above-mentioned term transaction price, it is recommended that the minority shareholder accept the offer.

Zeng Liqiang currently holds 73.41% of the shares of Galabu, and on September 23 this year, the purchaser wants to purchase the remaining 1,535,606,304 shares or 26.59% of the shares at 11 cents per share, estimated to be 148.67 million. Ringgit carried out this action.

Zeng Liqiang also offered 3 cents for each voucher, and the full purchase of Garab was about 523.5 million voucher.

The deadline for the above offer is November 4.

Posted by zolasteven > 2019-10-31 11:38 | Report Abuse

Any updates from Bursa on the status of take over offer?

Posted by zolasteven > 2019-11-01 15:19 | Report Abuse

No Updates?

Posted by zolasteven > 2019-11-01 23:01 | Report Abuse

can we still sell on next monday?

Posted by zolasteven > 2019-11-01 23:02 | Report Abuse

when suspended n no trading?

Posted by zolasteven > 2019-11-01 23:54 | Report Abuse

For those who didnt accept the offer earlier .. will the offerer compulsory acquire them and send us the bank draft? acquit acquire

Posted by zolasteven > 2019-11-01 23:56 | Report Abuse

Will d offerer compulsory force us to accept n send us d bank draft?

Posted by ERIC > 2019-11-02 20:53 | Report Abuse

how soon the payment be credited? no any statement on this

Posted by 603Malan > 2019-11-03 11:12 | Report Abuse

Payment will be credited in within 10 days from the date the valid acceptance(s) is received.

Posted by zolasteven > 2019-11-03 20:27 | Report Abuse

we can still sell till 9 Nov

Posted by leeling > 2019-11-04 14:39 | Report Abuse

this company 10 year not active,why suddenly more volume...

Posted by siing11 > 2019-11-04 15:46 | Report Abuse

any comment for this keep o sell 0.100 better

Posted by zolasteven > 2019-11-04 15:48 | Report Abuse

take over offer is rm0.11... can still submit,,,,to be extended for 3 months

Posted by zolasteven > 2019-11-04 17:34 | Report Abuse

The offer will be extended beginning next week Notices and forms will be sent to shareholders who are still holding the shares and who wish to accept

Posted by Syndicates > 2019-11-05 11:43 | Report Abuse

zolasteven The offer will be extended beginning next week Notices and forms will be sent to shareholders who are still holding the shares and who wish to accept

source of info?

Posted by olehlehshare > 2019-11-05 11:43 | Report Abuse

WC promotion now?

Posted by ERIC > 2019-11-05 11:51 | Report Abuse

yea, why wc suddenly drop

Posted by 603Malan > 2019-11-05 13:53 | Report Abuse

i have received my payment cheque today (issued by BINA Management)

Posted by mansaham1972 > 2019-11-05 14:54 | Report Abuse

Tq kbunai n Tan sri sebab bagi peluang untung cepat.masuk waran tengahari 1.5 sen dan baru ja dapat jual 2.5 sen

Posted by Syndicates > 2019-11-06 11:24 | Report Abuse

can someone enlighten me, why there's still some idiots buy WC? or i'm the only idiot who know nothing? what are the remaining possible way to accept WC at 3 sen?

Posted by firehawk > 2019-11-06 16:26 | Report Abuse

Be careful of idiot that only keen on bluffing! (check on the transactions done if u want to verify stupidity of the liar!)

mansaham1972 Tq kbunai n Tan sri sebab bagi peluang untung cepat.masuk waran tengahari 1.5 sen dan baru ja dapat jual 2.5 sen
05/11/2019 2:54 PM

Posted by lextcs > 2019-11-07 09:28 | Report Abuse

this warrants will eventually be come worthless as you will be holding a non listed company warrant.

Posted by linheng > 2019-11-07 15:09 | Report Abuse

The warrants only expire on 2023. You can still convert to Karambunai corp shares at the convertion price of 13.1 cents. Only problem is that Karambunai is unlisted. I suppose its still worth a gamble to buy the warants at 0.05 cents on hold till 2023 just in case the owner wants to do something big with Karambunai

Posted by limsonic > 2019-11-07 16:19 | Report Abuse

dont buy WC， the share will suspend on next week. @lin heng, if convert wc need 0.13, better u buy mother now at 0.11. who already buy wc better cut lost now, after suspend, u wc b toilet paper.

Posted by zolasteven > 2019-11-07 16:47 | Report Abuse

Syndicates....check bursa website on source of info

Posted by ABSBOSS > 2019-11-07 17:19 | Report Abuse

i ingat they will buy at 3 cents so i buy la...Hahahaha Esok kena jual balik la...Stupid me

Posted by limsonic > 2019-11-07 21:02 | Report Abuse

4nov 5pm is the last offer for KBUNAI-0.11/ KBUNAI-WC-0.03. Now already closing the offer, but extend 3month for mother share only, no extend for warrant.

Posted by siing11 > 2019-11-07 21:21 | Report Abuse

no extend for warrant so will be suspend o how

Posted by ABSBOSS > 2019-11-07 22:37 | Report Abuse

Hope uob kay kian will buy lor all remaining warrant

Posted by ABSBOSS > 2019-11-07 22:38 | Report Abuse

They will collect in open market until delisted date

Posted by siing11 > 2019-11-08 10:18 | Report Abuse

any new for warrants

Posted by ERIC > 2019-11-09 16:25 | Report Abuse

why still not receive the subsbription payment?

Posted by ERIC > 2019-11-09 19:46 | Report Abuse

accepted on 18/10, but no any news on payment

Posted by 603Malan > 2019-11-11 10:59 | Report Abuse

You may call " BINA MANAGEMENT 03-21471955" to check the status of your payment. FYI. i have received my Cheque on
5/11.

Posted by ERIC > 2019-11-11 12:33 | Report Abuse

@603Malan, when you submit the acceptance?

Posted by 603Malan > 2019-11-11 14:31 | Report Abuse

Eric. I submitted on 18 Oct 2019 thru my stock investment bank. There is another no you can call to check your payment at BINA Mgt (03-77843922)

Posted by 603Malan > 2019-11-11 14:32 | Report Abuse

The cheque is issued by RHB

Posted by zolasteven > 2019-11-11 14:53 | Report Abuse

Sill trading today.....strange

Posted by ERIC > 2019-11-11 18:19 | Report Abuse

603Malan.. noted

Posted by zolasteven > 2019-11-19 04:57 | Report Abuse

Under Nominee account, the bank will not submit for us now....have to wait for another 2 nonths.. anyone

Posted by zolasteven > 2019-11-19 04:58 | Report Abuse

603Malan...is your acct under Nominee acct? which bank?

Posted by Peru1968 > 2019-11-19 10:55 | Report Abuse

This Dr Chen is a crook. Same with Bursa, offer price NOT FAIR BUT REASONABLE. Really fcuk off. NAV 24 cents take over for 11 cents.

Posted by dawnchua0216 > 2019-12-05 13:45 | Report Abuse

i was submitting my form on Monday, now only found that the offer form i submitted is the 1st version offer form, i found the 2nd offer form in Bursa now, will my form be reject?

Posted by ocbc > 2022-02-21 00:49 | Report Abuse

anyone know how to contact this company?