Posted by anticonman > 2016-05-03 05:24 | Report Abuse

Really a con. Why cannot give dividend but instead ask for right issue?

Posted by chinaman > 2016-05-03 10:41 | Report Abuse

once Mr Lee has over 51% stake, it will be MGO with no minority acceptance required. This is what happen to Karambunai at myr0.05/ share peanut take over now. do you want same thing happen to Mulpha?

Posted by Chinaboleh > 2016-05-04 09:13 | Report Abuse

Asking our money again. If so good why cannot give dividend?

Posted by chinaman > 2016-05-04 11:39 | Report Abuse

whoever don't subscribe the RI will be the main loser. pay myr0.25 only for a myr0.50/ par value share....assuming all ikan bilis don't buy, Mr Lee will end up with above 60% stake but at discounted price...He's closer & closer to his MGO dream. This is Mr Lee's main motive actually

Posted by xingdayun > 2016-05-04 16:41 | Report Abuse

so we will receive the RI on 17 May 2016, and sell it on 18th onwards?

Posted by Chinaboleh > 2016-05-06 07:22 | Report Abuse

Why ks55 cannot be trusted? Where is the 28 sen buying support he "promised"?
ks55 @trapped -- I can help you in Mulpha.
Tomorrow morning please park 1m at 28 sen before 0859hr.
I will clear it for you.
TQ
02/05/2016 22:41

Posted by Chinaboleh > 2016-05-06 07:26 | Report Abuse

Asking our money to pay Mr Lee salary or buy new Merc for him?
Rights Issue
MULPHA INTERNATIONAL BERHAD

EX-date 13 May 2016
Entitlement date 17 May 2016
Entitlement time 05:00 PM
Entitlement subject Rights Issue
Entitlement description Renounceable two (2)-call rights issue of 1,066,826,679 Rights Shares on the basis of one (1) Rights Share for every two (2) existing Mulpha Shares held by the Entitled Shareholders and/ or their renouncees (if applicable), at 5.00 p.m. on Tuesday, 17 May 2016 at an issue price of RM0.50 per Rights Share, of which the first call has been fixed at RM0.25 per Rights Share ("First Call") and the second call has been fixed at RM0.25 per Rights Share ("Second Call"). ("Rights Issue ")
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5083557

Posted by Chinaboleh > 2016-05-06 07:27 | Report Abuse

Better sell Mulpha and buy China stocks like Msports, Xinghe if you don't care about dividend.

Posted by Chinaboleh > 2016-05-06 07:28 | Report Abuse

If don't sell you have to come out extra 25 sen for RI and see lower and lower Mulpha price.

Posted by trapped > 2016-05-06 09:49 | Report Abuse

ks55 please eat all 1million 28 sen q you promised.

ks55 @trapped -- I can help you in Mulpha.
Tomorrow morning please park 1m at 28 sen before 0859hr.
I will clear it for you.
TQ
02/05/2016 22:41

Posted by sharonlow > 2016-05-06 10:48 | Report Abuse

Before the recent announcement on the RI entitlement, Mulpha's shares was maintained around 28.5 cents-30 cents (even the highest 31.5 cents) for about a month & high in volumes ; especially a week before the announcement altho the market was unimpressive. After the last 2 days announcement, the shares prices dropped & almost closer to the RI price of 25 cents & why??? Who were the big sharks b4 the announcement & after. They will be the winner in the end

Posted by chinaman > 2016-05-06 10:53 | Report Abuse

yes-bursa saham somehow give blessing to all big boss in the privatisation game by deliberate press down the price but query only unexplained surging price. they wont query depressed price. Mulpha is one of hundreds of jewels in bursa will be MGO these few years. Kulim, Karambunai, Tanah Makmur, etc. we'll notice more & more delisted

Posted by chinaman > 2016-05-06 11:01 | Report Abuse

but, we can't blame the local big boss due to low premium, low support in local market from ikan bilis. after delisted, they can public listing again in HKG stock exch. with much much larger support from wealthy Chinaman!

Posted by sharonlow > 2016-05-06 11:05 | Report Abuse

The company seek the shareholders approval for the shares buy back in the future on the coming AGM (to maintain the shares prices which the common reason will be given) & what is the motive behind coz on the other hand to raise funds thru the RI. Mulpha is rich in liquidity & capital & why ask money from us. You & me are not the BOD & unable to decide how to use the funds. Can anyone explain here ?? Are the majority going to subscribe for the RI & why ??

Posted by chinaman > 2016-05-06 11:10 | Report Abuse

Yes-Mr Lee main wish is ikan bilis don't have funds or interest to subscribe based on their very short notice of rights deadline. 12.05 is the deadline. How many can come up with funds to buy? myself will lose the most since no money to buy. then, Mr Lee will have strong excuse to buy all unsubscribed from us. Mr Lee also will have strong reason with Bursa Saham for privatisation with low support to raise fund from market

Posted by sharonlow > 2016-05-06 11:11 | Report Abuse

Who are the buyers & sellers behind & after the announcement. Now is the time they are making short money altho few cents but in term of volumes, the profits are huge

Posted by sharonlow > 2016-05-06 11:17 | Report Abuse

They are big players & altho we are insignificant in the market & we need to be firm & strong on our stand, otherwise will might be caught

Posted by chinaman > 2016-05-06 11:17 | Report Abuse

my big guess Mr Lee will privatise it after right issue- 'failure to raise 'public' funds' -at par value, myr0.50/ share only...

Posted by sharonlow > 2016-05-06 11:31 | Report Abuse

How much the company has been paid for the treasury shares since beginning until now & where & how to get the cash flow statements

Posted by KW0203 > 2016-05-06 12:13 | Report Abuse

Please help to confirm is the calculation correct :
With the current low price, RM0.28, when ex-date of RI reached, is that mean the share price will be adjusted base on (RM0.28x2 + RM0.25)/3 = RM0.27?

Posted by sharonlow > 2016-05-06 14:56 | Report Abuse

Thru RI is the cheapest & easiest way to raise funds to finance the bank borrowings &working capital & with no any obligation other than conduct the EGM & seek the SC's approval. Mulpha's 1st RI was in year 2000 RM 174.3M (AR 31/12/2000 Pg 62 N24) & the 2nd was Mar2010 RM 471,183M (AR 31/12//2010 Pg37).Over the last two RI, the shares buy back considerations were RM 97,999M (2005-2008 according to the AR31/12/2008 Pg94) & RM 92,137M (2010-2015 AR31/12/15 Pg121). How about the 3rd RI & how much will be in total if the purpose of the RI is to finance the bank borrowings & working capital.

Posted by Orson Chin > 2016-05-07 16:27 | Report Abuse

If mr.lee want to privatize mulphal. At least he need to offer 0.50 per share to delisted company .

Posted by firehawk > 2016-05-10 14:53 | Report Abuse

Kw, i think the calculation is correct!

Posted by KW0203 > 2016-05-10 16:32 | Report Abuse

If the calculation is correct and with the current low price, why need to subscribe from RI?
Let say the price drop till RM0.25 after the RI ex-date, we can always buy from open market with the same price or even lower (share dilution), right?

Posted by firehawk > 2016-05-10 22:26 | Report Abuse

market price is wavy .... when the OR listed, some ppl even sell the mother share and buy OR to subscribe the same amount of mother shares, there is always an arbitrage gain ... but sometimes shark will goreng before the new shares listed ... so, do it with yr own discretion .....

Posted by Orson Chin > 2016-05-13 22:03 | Report Abuse

Sorry lo... This stingy boss won't goreng 1...

Posted by tan56 > 2016-05-14 23:17 | Report Abuse

Anyone know the ref price for OR ?

Posted by firehawk > 2016-05-16 15:39 | Report Abuse

those think it won't be goreng, can sell it now ... before regret :-D

Posted by xingdayun > 2016-05-16 15:51 | Report Abuse

18th can sell all the RI izzit?

Posted by firehawk > 2016-05-17 10:24 | Report Abuse

tmr trading OR loh ... be prepared ;-)

Posted by firehawk > 2016-05-17 15:45 | Report Abuse

if price remains like this har .... OR can only be traded @0.005 !

Posted by Lewis Lee > 2016-05-17 17:57 | Report Abuse

firehawk, you are too optimitic, Sell Q for OR @0.005 can be 10000000000000, and Buy Q is 0 !!

Posted by Lewis Lee > 2016-05-17 17:58 | Report Abuse

Who want to buy "toilet paper" OR if tomorrow mather share price is 0.25 or even lower ??

Posted by firehawk > 2016-05-18 10:06 | Report Abuse

he sapu all the RI, then holding >60% ... then offer to buy out the co. @0.25?

Posted by chinaman > 2016-05-18 10:49 | Report Abuse

yes-you're spot on. How to thwart this schrewd mgo at myr0.25/ share? any idea?

Posted by InvestWin > 2016-05-18 15:13 | Report Abuse

Chinese Towkey got 2 types : 1) the 1st Type - Teh of Public Bank always grow the company & reward shareholders. His wealth will continue to grow & his generations after him will be wealthy too, 2) the 2nd Type - leave it to you all to deduce lah !!!

Posted by InvestWin > 2016-05-18 15:44 | Report Abuse

India Towkey also good, belong to type 1... example " everyone can fly" type of Towkey...

Posted by Lewis Lee > 2016-05-18 16:01 | Report Abuse

This is a f*cking stingy cunning towkeh ! 0.005 cts also don't let the trapped minority to earn, suck all your blood until dry dry mati !!

Posted by Lewis Lee > 2016-05-18 16:03 | Report Abuse

chinaman, remember you are the only one keep worshipping this conman company and promoting to investors to buy ? See what happen ?

Posted by tt101 > 2016-05-18 16:36 | Report Abuse

Do not sell the OR and just let it expired.
So "they" unable to grab any additional cheap discount shares.

Posted by firehawk > 2016-05-18 16:38 | Report Abuse

this type of towkey very black heart one, very selfish one ... dun care ppl die, only care for his own good .....

Posted by tt101 > 2016-05-18 16:48 | Report Abuse

by using OR, for sure to get at 25c.
If sapu direct from market, they won't get this discounted price.

Posted by InvestWin > 2016-05-18 21:12 | Report Abuse

tt101 : Caught in this situation, best thing is to subscript, and hope for the best. Buy more at 0.005c if u are loaded and also subscript them. If u let your OR expire, there will be excess rights from you not taken at closing; and the big fish will "makan" all your right shares as excess shares all at 25c. It is a gamble if you subscript ( But what else you can do ?).

Posted by InvestWin > 2016-05-19 07:33 | Report Abuse

I mean subscribe... ( last night v sleepy lah, typo error)

Posted by InvestWin > 2016-05-19 07:33 | Report Abuse

If you don subscribe, your rights will be "makan" by others...

Posted by tt101 > 2016-05-19 08:14 | Report Abuse

subscribed, the solid cash 25c also kena telan.. :((

Posted by tt101 > 2016-05-19 08:26 | Report Abuse

anyhow, thank you InvestWin

Posted by chinaman > 2016-05-19 08:44 | Report Abuse

This RI is a social class war between rich sharks and poor ikan bilis who can't afford to come up with further cash to subscribe despite realising that buy is the most accurate decision

Posted by wongchin > 2016-05-19 18:57 | Report Abuse

Why buy or when u can buy mother at 25 cent?. No logic mulpha share price frm 30 over cent drop until 25. Thats real pure manipulation stock.

Posted by Orson Chin > 2016-05-19 20:54 | Report Abuse

If mother price drop below 0.25. Y I want subscribe it. Direct buy from market cheaper than u.