CIRCULAR TO SHAREHOLDERS IN RELATION TO:- PART A: I.\tPROPOSED RENOUNCEABLE TWO (2)-CALL RIGHTS ISSUE OF 1,066,826,679 NEW ORDINARY SHARES OF RM0.50 EACH IN MULPHA INTERNATIONAL BHD ("MULPHA") ("MULPHA SHARE(S)") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING MULPHA SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER, AT AN INDICATIVE ISSUE PRICE OF RM0.50 PER RIGHTS SHARE, OF WHICH THE INDICATIVE FIRST CALL OF RM0.25 PER RIGHTS SHARE IS PAYABLE IN CASH ON APPLICATION AND THE INDICATIVE SECOND CALL OF RM0.25 PER RIGHTS SHARE IS TO BE CAPITALISED FROM THE SHARE PREMIUM RESERVES OF THE COMPANY ("PROPOSED RIGHTS ISSUE"); AND II.\tPROPOSED EXEMPTION TO YONG PIT CHIN, MOUNT GLORY INVESTMENTS LIMITED AND THE PERSONS ACTING IN CONCERT WITH THEM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING MULPHA SHARES NOT ALREADY HELD BY THEM UPON COMPLETION OF THE PROPOSED RIGHTS ISSUE PURSUANT TO PARAGRAPH 16.1 OF PRACTICE NOTE 9 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 2010 ("PROPOSED EXEMPTION") PART B: INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF MULPHA IN RELATION TO THE PROPOSED EXEMPTION
Don't be so optimistic, look at Bornoil ! after Rights issue, price stagnant at 0.14-0.15, those paid more to subscribe ones want to cry also no tears !! That's how Wolves of Bursa wallop retailers !!
When everybody pissed off of this stock, Mr Lee will slowly comes out with his Gaban outfit, kicking the price up to the skies. When everybody's eager, Mr Lee with his Sakura dress up whacking the price to the earth's core.
Mulpha is 1 million times better than Hubline. After Hubline goes bankrupt and get delisted like Patimas Mulpha will still Stand Strong Like A SOLID FORTRESS!
So better sell off all hubline shares first thing tomorrow and sapu Mulpha shares while still so cheap!
Every morning I drove past Mulpha's Leisure Farm on the Way to Johor from 2nd Link Spore.
These are the things I SEE regarding Mulpha's Bright Prospects:
1) Mulpha Leisure Farm depends on Spore & Foreign Millionaire Customers more than M'sia 2) Nusa Tech Park already up. Mulpha will be surrounded by High Paying Jobs 3) Leisure Farm is also surrounded by World Class Hospitals & World Class Universities 4) World Class Infrastructures are sprouting up all round 5) Leisure Farm also has a World Class Location. Only 5 minutes to Spore. Near PTP port & Tuas Seaport in Spore. Near Senai Airport & Changi Airport only 45 minutes away
6) Mulpha has 3 layer World Class Security with Nepali Gurka Guards 7) All These World Class Factors But Share Price is now priced like dirt. So I am bullish! 8) Mulpha is therefore a World Class Bargain For Me.
At 26 cents it is now At Rock Bottom Price. With free rights coming out for trading soon Mulpha cannot fall much from here even if Dow Jones should crash 3,000 points suddenly!
The same cannot be said about other high flying shares.
why Calvin say its a free Rights means (Mulpha-OR) Meaning if you hold 2000 Mulpha shares now, you will also hold 1000 Mulpha-OR on ex-date... you do not have to pay for the 1,000 Mulpha-OR, it is given to you as you are Mulpha shareholder...
To xingdayun Mulpha EGM concluded on 12Feb2016. Ex-Date will be soon, Pls wait
From Bursa Type of Meeting Extraordinary General Meeting Indicator Outcome of Meeting Date of Meeting 12 Feb 2016 Time 02:30 PM Venue Level 11, Menara Mudajaya, No. 12A, Jalan PJU 7/3, Mutiara Damansara, 47810 Petaling Jaya, Selangor Darul Ehsan Outcome of Meeting The Board of Directors of Mulpha International Bhd (“MIB”) wishes to announce that all the ordinary resolutions set out in the Notice of Extraordinary General Meeting of MIB (“EGM”) dated 22 January 2016 have been approved by the shareholders at the EGM held today.
Ordinary resolutions 1 and 2 were approved by way of poll and the results are as follows:- Voted For Voted Against No. Ordinary Resolutions No. of Votes % No. of Votes % 1 Proposed Rights Issue 337,953,492 99.89 382,610 0.11 2 Proposed Exemption 337,856,292 99.86 479,910 0.14
Jolin Jolin you are jolly jumping to wrong assumption.
We are more concerned with protection of capital first. Only then do we THINK of a profit. That's why we stay in safe shares like Mulpha and won't fool around with hubline. Hubline as we know will soon turn into hangline. All will be hanged there.
calvintaneng, I though u strongly suggest cepco for us to invest. The results is so good & pe ratio only 5.5. I trust ur analysis & invested into cepco last month.
Mulpha right issue is coming, and its right share will be listed in bursa, will buy these right for cheaper alternative to mother share if there is arbitrary gap between right share (?)+ right subscription price (25sen) vs market price (28sen). Now need to free up capital first for Gamuda wr and to subscribe its warrant at 25sen
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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....
Ryan88
1,327 posts
Posted by Ryan88 > 2016-01-13 00:31 | Report Abuse
Many people flood into hevea tday ??
http://www.theedgemarkets.com/my/article/heveaboard-rebounds-allegations-against-it-were-dismissed-frivolous