5028 HTPADU, HEITECH PADU BHD - + MATERIAL LITIGATION 24 May 2024, 07:00 MATERIAL LITIGATION MATERIAL LITIGATION HEITECH PADU BERHAD [199401024950 (310628-D)] ("HEITECH" OR "THE COMPANY") KUALA LUMPUR HIGH COURT SUIT NO: WA-22NCVC-72-02/2023 PERTUBUHAN KESELAMATAN SOSIAL (PLAINTIFF) VS HEITECH PADU BERHAD (DEFENDANT) You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Htpadu which had been trading at rm 2.50 suddenly got gap down and sell down today, accompanied by 2 news
1st news - unofficial rumor news by newsportal nanyang and sinchew on htpadu potential drop out from NIISE, leaving only Theta and Dnex
2nd news - official news from Htpadu bursa website on High court writ of summon on past issues concerning pertubuhan keselamat sosial (release on friday evening after trading hour)
From what we can see today is
1. Theta and Dnex is lacking of the momemtum needed to justify the NIISE contract. (Theta gap up sell down)
2. HTPADU still have influential shareholder Wong Thean Soon, whose acquistion price for more than 20% of the block share being priced at rm 2.03
3. There is no panic selling in Cuscapi and MYEG share.
4. HTPADU did not officially announce that they had pulled out from NIISE tender, it is just newsportal rumors.
What can happened next?
1. If the news is true, current price is still below Wong thean soon rm2 stake.
2. Htpadu can rebut the rumor of it pulling out of NIISE tender, and share price might possibly go limit up again
In conclusion
Target Invest think that HTPADU is potentially still in the NIISE tender. With Wong TS stake in HTPADU, it means alot more as WONG TS,s MYEG had all the experience from more than 10yrs to make NIISE better
Recent cuscapi high court suit also result in cuscapi going up almost 100%. Could Htpadu be a 2nd chance in replay?
“Now, the three have until end-March [March 26] to submit their firm proposals. I expect consortiums to be formed, even joint ventures with those [more than 10] companies that have been eliminated, as the project size is quite big. And, realistically speaking, no party would take on the contract and such risks alone,” one source familiar with the tender briefing says.
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....
Nieto9
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Posted by Nieto9 > 1 month ago | Report Abuse
YESSSS, Rm2.50 😍 Trade again when there's a cheap price on Htpadu 😋