Rumors say HK investor is taking position, may end up taking control of the company, it's time to buy in, fundamentally it's one of the most conservative broking house in the country, kosong borrowing with ample cash.....
KUALA LUMPUR: Apex Equity Holdings Bhd saw 23% of its paid-up traded off-market at midday on Friday at RM2 each.
Stock market data showed that 49.77 million shares were crossed at RM2 each, which was 21 sen or 11.7% above Thursday's closing price of RM1.79.
At midday, the share price of the stockbroking company was up six sen to RM1.85.
In the second quarter ended June 30, 2017, its earnings rose 54% to RM3.84mil from the RM2.49mil a year ago.
In the first half, its earnings jumped 107% to RM8.35mil from RM4.02mil in the previous corresponding period. TAGS / KEYWORDS: Corporate News , Markets
LOL! Chinaman or any person willing to buy 23% at 2.00 with bigger voting rights and controlling %. Are you willing to even pay 2.00 for a 0.1% stake with no say?
Apex said it will pay RM22mil cash to Mercury Securities three days after the deal becomes unconditional. It will issue 100 million new shares at 92 sen each to Mercury Securities and pay the remaining RM26mil in cash to complete the deal.
To raise cash for the acquisition, Apex said it plans to place out 20 million new shares at a price to be determined at a later date. Mercury Securities will end up with a 31% stake in the enlarged Apex Equity group.
Sold out all my holding share, merger with other company, issue new share, private placement share, I feel no good as a shareholder. About PE 15 is a high price for me,probably my business sense not good as BOD.
@afterlight, not all fund have such capability to absorb. 10 out of 3 only succed to retain their exisiting fund. so far i meet few great manager like Lee.S.Y , See.Y.H . AUM /5 billion above. last month cimb sold thier APAC<< they probably forsee going to be tough days ahead.
13.02.2019- “the Board of Directors of the Company, AIBB wishes to announce that Apex, JF Apex and Mercury Securities had mutually agreed to extend the Due Diligence Period until 18 March 2019.” Don’t feel good.
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....
uber1111
3 posts
Posted by uber1111 > 2015-07-27 09:54 | Report Abuse
confirm huh target 3