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.
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
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?
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
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.
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.
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?
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....
zolasteven
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Posted by zolasteven > 2019-10-25 17:30 | Report Abuse
The independent report is out...it is stated NOT FAIR but reasonable