but from the letter offer i read, tan sri has acquired and hold about 48 % and bursa said that they must decided to announce whether to remain in bursa or not if shares over 50%, if 0.25 offer to purchase johan then will be remain 0.25 and do not move again, then these share finish liao. tan sri use mustika manis to privatised johan.
Your 35, 50 cent dream are totally gone. Where is your moneykj sifu? Hide at somewhere else and continue do irresponsible buy call. The dumbs will continue to listen, good luck.
KUALA LUMPUR: Johan Holdings Bhd ’s chairman and chief executive officer Tan Sri Tan Kay Hock, who owns 48.17% stake, has launched a mandatory takeover offer at 25 sen a share.
In a filing with Bursa Malaysia, Johan said Tan’s shareholding increased to 48.17% from 45.76% previously after he bought an additional 15 million shares at 25 sen per share for a total value of RM3.75mil via Mustika Manis Sdn Bhd (MMSB) in a business transaction.
Tan and Puan Sri Tan Swee Bee, who is also a director of Johan, owns 50% each in MMSB. Tan is also a substantial shareholder and non-independent non executive chairman of George Kent (M) Bhd .
The offer price of 25 sen apiece was at a 4% discount to last traded price of 26 sen.
The offerors intend to maintain Johan’s listing status on Bursa Malaysia.
TKH is very close to Najib!! BUY BUY BUY! limit up for sure! big projects go to gkent! more will come to johan! johan jadi johan! now so close to TKH buy price! $$$$ coming!
Can someone explain how minority shareholders may be protected in this MGO? How do we block such MGO from going through? Let's get together and ensure it does not happen. Johan is bound for great heights.
hi all . can buy johan? i read that tan sri wants to buy the remaining johan shares at 26 sen now. but still want to continue listing. if we buy now are we forced to sell to him at 26 sen ? how does it work? so confusing
this is Busa requirements. once major shareholders owns more than 50% trigger MGO to others minority shareholders. A case in point is HLFG . MGO offer but important thing is Johan wants to maintain its listing status
yea dont think tan sri wants to buy all the shares as well. just MGO triggered. At least give us chance to buy at the price close to his :P Just wait till the offer lapses.
why undervalue MGO only 26cts? it should be 40cts lah.....the directors know not worth this much,only retailers speculate only.johan a loss making company lah just like dataprep
MGO low price because it's either tkh last purchase price or avg price. Like I mentioned , don't think he wants to take over. For my opinion price was deliberately pushed down for tkh to accumulate and trigger the mgo. He knows shareholders won't sell at that low price. If tkh accumulated at high price and trigger mgo then more likely for shareholders to sell to him.
My 2 cents is price will fly and offer will be invalid. Alot of conspiracy? Malaysia boleh lol. Anyway downside risk 26c upside unlimited. Happy trading. My 2 cents.
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....
Wzz
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Posted by Wzz > 2017-10-11 14:53 | Report Abuse
Resume 3.33pm