if you are trapped in the property share, either you keep for 1/2 years or you can cut loss. Property not so fast recover yet. I also own these share, but i just put it aside and focus on other share now.
Not yet come to property segment, recently only specific of property share will raise. These share is close to mid small cap, Those big company will raise first, like UEMS, IOIPG, then only come to mid capital share.
PROPOSED ACQUISITION OF APPROXIMATELY 20.12% EQUITY INTEREST IN MAGNA PRIMA BERHAD (MPB) (PROPOSED ACQUISITION)
On behalf of the Board of Directors of Hua Yang Berhad, AmInvestment Bank Berhad wishes to announce that Prisma Pelangi Sdn Bhd, a wholly owned subsidiary of Hua Yang Berhad had on 19 April 2017 entered into a conditional share sale agreement with Fantastic Realty Sdn Bhd, Lee Shu Shun, Lee Kok Meng, Yap Fatt Thai, Kok Sew Hong and Kok Sew Hwa for a proposed acquisition of 66,889,940 ordinary shares in MPB (“MPB Sale Shares”), representing approximately 20.12% of equity interest in MPB for a total consideration of RM123,746,389 or RM1.85 per MPB Sale Share (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attachment.
Personally i think can consider a good news, Huayang now is lack of catalyst.. Although Magna NTA is 1.82, but it has Lai Meng school land and few lands in prime areas which are yet to revalue and definitely worth more than that
Who let the dog out? same idiot in RHB forum bark on the counter every day. Nobody will listen to you when your comment has no content and repeat everyday. You are disturbing people who wants to read meaningful comments.
Better bid for Bandar M'sia than Magna for same amount of money. More upside due to better location. Also near Seri Kembangan HuaYang project to save manpower expenses.
From all the recent business activities, I can see that Hua Yang is really doing their business and management are putting their effort to bring the company moving forward. One of my investment's rules, only invest your money in the companies which are really doing their business.
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....
curious2
1,812 posts
Posted by curious2 > 2017-02-19 12:34 | Report Abuse
2 sen dividend announced.
https://klse.i3investor.com/servlets/stk/annent/5062.jsp