My sympathy to those who suffered losses in GBH as a result of the termination of the agreement on the oil & gas deal. Many bought in expectation that it will go through and hence paid a premium for it. Now they are left in a fix! Can the Authority do something about such deals where the unscrupulous takes the innocent shareholders for a ride? See how many potential deals are terminated after the syndicate has played and run! I am sure the Authority can tighten rules for the deal before it is announced and signed and a heavy penalty imposed for termination.
zero.. maybe u r one the stucker in this counter... so do i... but what can we do... sell it on yr choice... but look back at pdz.... what happened? end up with spike up !!! i hold it till now.. from 11sen..do believe they have the other way to sustain the business.. just wait for the good news !!!!!! holding power..
GBH chairman Tan Sri Tan Hua controls 64% of GBH share.
Disposal of 13.93 acres of land that currently houses it ceramic ware manufacturing operation to another Tan-linked company, Keladi Maju Bhd, for RM192.37 million was completed on 30/03/2015. Net gain arising from the land sale was RM71.2 m.
Following the land diposal, GBH will fall into the PN16 cash-company status, whereby it has to submit a regularisation plan to the regulator within 12 months. No borrowing. Net cash is around Rm230,000,000.
What will Tan Sri do? Capital repayment call or make take over offer?
The next gem? Will cash rich company Goh Ban Huat, with zero borrowing to become a retail chain operator of timepieces through reverse takeover (RTO) in future? Potential bonus or special dividend?
GBH: Issued & Paid-Up Share Capital RM185,757,033 (185,757,033 ordinary shares of RM1.00 each)
-No borrowing. -Strong net cash, net cash is around Rm230,000,000 or net cash per share is around Rm1.23,-----accounted for 78% of share price-----. -Assumed GBH chairman Tan Sri Tan Hua Choon controls 64% of GBH shares. -Will Tan Sri make a move to take over the company? Assumed he making an offer of Rm2.00 per share or Rm140m @ 36% Paid-Up Share Capital 185,757,033 ordinary shares of RM1.00 each, he will immediately own the Rm80m cash of the company. -Potential an undertaking a reverse takeover (RTO) of GBH? Kindly advised.
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Posted by granto > 2014-08-12 09:42 | Report Abuse
Globmariner Offshore wins Sarawak EPCIC job: http://www.seashipnews.com/News/Globmariner-Offshore-wins-Sarawak-EPCIC-job/3w3c2513.html
Kuala Lumpur: Globmariner Offshore Services, an associated company of Goh Ban Huat, has won a contract from TH Heavy Engineering.