Amazing Parade Sdn Bhd is making a mandatory takeover offer to Eastern & Oriental Bhd (E&O) at 60 sen per share after it bought a 10.89% stake from Sime Darby Bhd. E&O said it received notice of the MGO from Amazing Parade — the private vehicle of the Tee brothers, who control construction firm Kerjaya Prospek Group Bhd. Sime Darby, meanwhile, said it has disposed of its last block of shares in E&O to Amazing Parade for RM93.5 million cash. Its indirect wholly-owned subsidiary Sime Darby Nominees Sdn Bhd today entered into a share sale agreement to dispose of its entire stake in E&O, comprising 155.83 million ordinary shares and representing approximately 10.89% equity interest in the shares outstanding of E&O, to Amazing Parade for a total cash consideration of RM93.5 million or 60 sen per share.
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Sime Darby has exited. GKG still selling. 60 sen is dirt cheap, but perhaps Kerjaya team can bring in some cash, capital and fresh ideas to turn things around.
rich become richer NTA 1.22, RNAV easily 1.22 + 1.00 = 2.22 considering only STP2 now offer you 0.6, treating minority like beggers tmd only around 25% of RNAV, die die don't sell instant profit at least 1B by flipping the assets need to earn to this extent meh?
MGO because crossed the 33% threshold for PACs. Intend to maintain listing so offer of RM0.60 is purposely low. If they offer much higher and many accept the offer, how are they gonna maintain listing?
Dato Tee is taking over his previous boss company. Time sure passing fast. Anything would happen. That time kerjaya still a small company taking construction projects from E&O.
NTA : 1.22 and take over price 0.60. can meh ? All share holders willing to sell ? Or just talk talk only. Like me talk to Xi. Is it a fair deal ? Cheap sale ?
Look at RNAV 2.40 la, not NTA To put things into perspective, it’s like buying a 1M house for 250k. Such kind of deal only for the rich Poor chaps dream in ya
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....
ocpd
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Posted by ocpd > 2020-08-18 10:30 | Report Abuse
All got conned by @jackson88