Posted by kongfeifan86 > 2012-08-24 11:19 | Report Abuse

CANNOT LA...BUY knm BETTER LA

Posted by KC Loh > 2012-08-24 11:43 | Report Abuse

hahaha i knew it... finally they announced special dividend or the remainder .05 & all assets sold as capital repayment

looks like my old favorite still got one last good kick in him!


Company Name: PACIFICMAS BERHAD
Stock Name: PACMAS
Date Announced: 24/08/2012

Announcement Detail:
Type: Announcement

Subject: OTHERS

Description: (I) DISPOSAL OF THE COMPANY'S 100% EQUITY INTEREST IN PAC LEASE BERHAD ("PAC LEASE"), P.B. PACIFIC SDN BHD ("PBPSB"), PACIFICMAS FIDELITY SDN BHD ("PFSB") AND PACIFICMAS CAPITAL SDN BHD ("PCSB") TO OCBC CAPITAL (MALAYSIA) SDN BHD ("OCSB") FOR A TOTAL DISPOSAL CONSIDERATION OF RM387,887,828 ("DISPOSAL OF WHOLLY-OWNED SUBSIDIARIES");

(II) DISPOSAL OF THE COMPANY'S 85% EQUITY INTEREST IN PACIFIC MUTUAL FUND BHD ("PMFB") TO OCSB FOR A DISPOSAL CONSIDERATION OF RM40,344,672 ("DISPOSAL OF PMFB SHARES");

(III) PROPOSED REALISATION OF THE REMAINING RESIDUAL ASSETS IN THE COMPANY AND SETTLEMENT OF OUTSTANDING DEBTS OR LIABILITIES ("PROPOSED REALISATION OF RESIDUAL ASSETS"); AND

(IV) PROPOSED DISTRIBUTION OF THE PROCEEDS FROM THE DISPOSAL OF WHOLLY-OWNED SUBSIDIARIES, AND/OR DISPOSAL OF PMFB SHARES AND/OR PROPOSED REALISATION OF RESIDUAL ASSETS TO ALL ENTITLED SHAREHOLDERS OF THE COMPANY VIA SPECIAL DIVIDEND AND/OR PROPOSED CAPITAL REPAYMENT ("PROPOSED DISTRIBUTIONS")

((I) AND (II) ABOVE ARE COLLECTIVELY REFERRED TO AS "DISPOSALS")

((I) TO (IV) ABOVE ARE COLLECTIVELY REFERRED TO AS "PROPOSALS")

Posted by KC Loh > 2012-08-24 11:46 | Report Abuse

an oh yes, keanfee, before you ask again, the answer is NO, you cannot go in now. Market has priced the value judging from today's spike.

Posted by tonylim > 2012-08-24 11:49 | Report Abuse

keanfee, if you already got, sell now, and walk away

Posted by lennon > 2012-08-24 11:55 | Report Abuse

keanfee what makes u want to buy this stock last week?

Posted by limkenfeng > 2012-08-24 12:05 | Report Abuse

tis stock will rise again??

Posted by 101celsius > 2012-08-24 12:15 | Report Abuse

hi KC Loh, can u explain more on the announcement u post means?? i m new here

Posted by KC Loh > 2012-08-24 12:22 | Report Abuse

pacmas is exiting from listing. They made one announcement for capital repayment of RM950 from original par value of RM1 when first listed(that means the par value of stock 1.00 = RM1,000) and a special dividend then (after selling their assets and any profit were given back to their shareholders as special dividend).

The market bought into this stock again (todays rise in price) thinking that the remaining 0.05 sens capital repayment also comes with another special dividend after they are selling their "illiquid assets". So this later announcement proved the investors who bought it were right. There is another capital repayment now of the remainder 0.05 and special dividend after divesting all other remaining subsidiaries.

i was just asking questions earlier hoping need not go into research and those in the know would come back with some info. but alas, got more questions than not! :)

Posted by 101celsius > 2012-08-24 14:59 | Report Abuse

really sorry, still dont understand..mayb my english is poor..is there any chinese website have this information?? or share information.

Posted by keanfee > 2012-08-24 15:31 | Report Abuse

i not buy yet, i just intrested the dividend.

Posted by keanfee > 2012-08-24 15:35 | Report Abuse

y still got many ppl buy this stock.

Posted by kongfeifan86 > 2012-08-24 16:48 | Report Abuse

MEAN THAT 0.05 PAR VALUE WILL DISTRIBUTE SPECIAL DIVIDENT AGAIN AFTER SELLING THEIR FIXED ASSET.

Posted by kongfeifan86 > 2012-08-24 16:50 | Report Abuse

mANY INVESTOR THINKING THAT IT WILL BE QUITE GOOD DIVIDENT SO ENTER TO THIS STOCK AGAIN...DEPEND ON YOU.

Posted by Kenny Foo > 2012-08-25 00:36 | Report Abuse

Does that mean that before the approval from the board to de-list the company from bursa, the stock price will keep going up??? let see on Monday....

Posted by KC Loh > 2012-08-25 13:37 | Report Abuse

more reading for pacmas :
http://www.theedgemalaysia.com/business-news/219133-pacificmas-share-jumps-167-ex-capital-repayment.html

Posted by Steven Lee > 2012-08-25 16:25 | Report Abuse

this stock is going to de-listed soon, there is apparently only worth 5cents

Posted by sirzack > 2012-08-26 18:37 | Report Abuse

ayoyo...going 2 be delisted..? better dont buy la...tq steve, loh..

Posted by jjay > 2012-08-26 18:51 | Report Abuse

this stock is finish, kaput, done deal..dont touch it , it worth 5cent after capital repayment...

Posted by KC Loh > 2012-08-26 19:53 | Report Abuse

This is why i brought up pacmas. Its obviously you guys never calculate its assets (for which i failed also, because want to try shortcut hehe). Had someone manage to calculate what their hard assets were, we all would have scored.

Anyway, time to say bye bye to one of my old favorites! (one of the very first few shares i made money with.. )

Posted by keanfee > 2012-08-26 21:42 | Report Abuse

any recommend which share got high dividend?

Posted by frleong2005 > 2012-08-30 21:32 | Report Abuse

We were expecting d company to distribute the assets to share holders after winding up. That is why we bought d shares. We still have to wait for some news. I still ahve 4 lots after tge capital repayment.

Posted by tonylim > 2012-08-30 23:44 | Report Abuse

Frleong - What assets were you looking forward to? Office tables and chairs?

Posted by HMF001 > 2012-08-31 21:09 | Report Abuse

Frleong - if you refer to PacMas 2Q2012 Financial Results...
The NA is RM1.03....
and after the capital Repayment of 95cts...
the balance is 8cts...

so the 8cts could be for "tables, chairs & PC?...
Not forgetting that the Office is still in operation. so some expenses for the few personnel working for the PacMas until it is fully liquidated.

What could you be hoping for???
Since you hv interest in PacMas, you really should read in details the offer notice to PacMas..

Posted by lynna1 > 2012-09-13 09:32 | Report Abuse

Bought in at 0.335!!! Just realised that the stock will be delisted soon. What should I do?

Posted by KC Loh > 2012-09-13 09:53 | Report Abuse

OMG...... sell la. flogging dead horsey already lynna

Posted by limpek4896 > 2012-09-13 10:12 | Report Abuse

better choose managing director chair

Posted by lynna1 > 2012-09-13 12:15 | Report Abuse

do u think it will go up to 0.365?

Posted by KC Loh > 2012-09-13 18:56 | Report Abuse

if market have momentum, why not! but if following fundamentals, no!

Posted by Namoyaki Takarajima > 2012-09-13 19:02 | Report Abuse

A complete Check list is a must! Volume-Check! TA-Check! FA-Check! Global-Check! This will lead to a very constructive decisions.

Posted by lynna1 > 2012-09-14 09:59 | Report Abuse

Thanks for advice ;)

Posted by yauyau57 > 2015-03-16 13:24 | Report Abuse

So anyone still have this share

Posted by yauyau57 > 2015-03-16 13:29 | Report Abuse

Currently i received a annual Meeting,will held at april 1 due to i still holding the share,should atteNd the meeting (this the second annual meeting)can any one share with me,i been not traded for long times