Wonnksa, I read the offer and it said that you need not do anything if you are not accepting the offer. The last date to accept is 5 March 2014. Hope this helps.
The result of the offer stated on the PDF file as mentioned on the link. Please read thru. As a summary, only 0.1% share holder accepted the offer which mean the RTO of all share from Ter family was failed. Just like Ecoworld scenario. Nothing to worry.
I believe each counter has its own unique characteristic story and background.
Ecoworld is a spin-off counter from SPSetia indirectly, as the company PNB took over and emerged it as the major shareholder with 49%. Seeing the MGMT team left SPSetia and joined the new Ecoworld, the point here is this new Ecoworld company is with the experts from renowned property, in principle, the business model should perform as it was in SPSetia.
However, Maica, is a RTO company by SanSuria, we do not know how the public view on the businessman Dtk, maybe it may be convincing as the personality of TSri SPSetia.
Maica, will not be 100% copy of EcoWorld, so, we should adjust the expectation of its performance, maybe, it takes two years to perform like EcoWorld. Unless, one thing, Dtk can promote well the quality of the Sansuria business model, and could table the attractive figures in near term.
This is my frank opinion, hope it has no offence to any parties concerned.
Remarks : The Board of Directors of Maica (“Board”) wishes to announce that the Company is proposing to change its name from “Malaysia Aica Berhad” to “Sunsuria Berhad” (“Proposed Change of Name”).
As at 20 January 2014, the shareholders of Maica have approved the resolution to diversify the businesses of Maica and its subsidiaries to include property development business and on 22 January 2014, the Company has completed the acquisition of a commercial development project and a parcel of development land in Bukit Jelutong for the same purpose.
As Maica intends to expand its property development business, the Board has on 22 January 2014, appointed Datuk Ter Leong Yap (“Datuk Ter”) as the Executive Director of Maica to spearhead the property development business of Maica. Maica will be able to utilise the property development expertise and experience of Datuk Ter to enhance and maximise the value of Maica’s land development plans. Datuk Ter has over the years garnered knowledge in property development and has incorporated and nurtured Sunsuria group of companies to become a leading property developer in the Klang Valley under the “Sunsuria” brand name with notable projects which include, amongst others, Trivo, Suria Jelutong, Suria Hillpark, Suria Hills, Sunsuria Avenue and Sunsuria Ampang Sports Complex.
Hence, the Proposed Change of Name is to enable the Company to leverage on Sunsuria brand name and to create synergy amongst its brand and property development projects moving forward.
Application for the proposed new name “Sunsuria Berhad” was approved by the Companies Commission of Malaysia (“CCM”) on 6 March 2014.
The Proposed Change of Name is subject to the approval of the shareholders of the Company at the forthcoming Extraordinary General Meeting to be convened at a date to be announced later.
This announcement is dated 7 March 2014
Change name already... ecoworld doubled after change name...so maica? 50% also boleh ?hehe
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....
valuemaster
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Posted by valuemaster > 2014-02-25 12:36 | Report Abuse
Once the offer is closed, the game will start