SIG GASES BERHAD

KLSE (MYR): SIGGAS (5181)

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Last Price

0.09

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


6 people like this.

947 comment(s). Last comment by mightypaul1 2020-12-16 15:10

god2017

20 posts

Posted by god2017 > 2019-03-13 15:39 | Report Abuse

count down for good news

hkhk

2,066 posts

Posted by hkhk > 2019-03-13 15:51 | Report Abuse

ada movement d le

hkhk

2,066 posts

Posted by hkhk > 2019-03-13 15:51 | Report Abuse

ini kali la?

god2017

20 posts

Posted by god2017 > 2019-03-13 22:54 | Report Abuse

kali ini la

hkhk

2,066 posts

Posted by hkhk > 2019-03-14 09:39 | Report Abuse

make sure break 90c lo

hkhk

2,066 posts

Posted by hkhk > 2019-03-14 10:28 | Report Abuse

vouset, deal on news?

fftrader

41 posts

Posted by fftrader > 2019-03-14 15:19 | Report Abuse

Buy b4 too late... News anytime now

Posted by 1774931129203279 > 2019-03-14 16:02 | Report Abuse

WHAT NEWS

hkhk

2,066 posts

Posted by hkhk > 2019-03-14 17:36 | Report Abuse

fftrader, insider news ka?

god2017

20 posts

Posted by god2017 > 2019-03-14 18:59 | Report Abuse

wolf coming

fftrader

41 posts

Posted by fftrader > 2019-03-15 08:36 | Report Abuse

Cannot tell here la.... Buy sure gain

hkhk

2,066 posts

Posted by hkhk > 2019-03-15 09:28 | Report Abuse

wolf story lagi meh. this time shd real story liao le

hkhk

2,066 posts

Posted by hkhk > 2019-03-15 10:19 | Report Abuse

fftrader, ok la. i trust u. add lagi

hkhk

2,066 posts

Posted by hkhk > 2019-03-18 19:30 | Report Abuse

belum start engine lagi le

fftrader

41 posts

Posted by fftrader > 2019-03-22 10:58 | Report Abuse

Look engine today....

hkhk

2,066 posts

Posted by hkhk > 2019-03-22 14:35 | Report Abuse

some movement

god2017

20 posts

Posted by god2017 > 2019-03-22 15:46 | Report Abuse

announce soon

hkhk

2,066 posts

Posted by hkhk > 2019-03-22 15:59 | Report Abuse

Sure boh?

hkhk

2,066 posts

Posted by hkhk > 2019-03-22 16:06 | Report Abuse

Takut wolf story lagi

ykloke30

43 posts

Posted by ykloke30 > 2019-03-25 11:22 | Report Abuse

hkhk... definitely wolf mari story

Lauyw

8 posts

Posted by Lauyw > 2019-03-25 11:33 | Report Abuse

Good new coming.

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 12:02 | Report Abuse

3 times wolf story 1 time real

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 12:04 | Report Abuse

So just hope lo

god2017

20 posts

Posted by god2017 > 2019-03-25 12:46 | Report Abuse

just lie in before ship gone

ykloke30

43 posts

Posted by ykloke30 > 2019-03-25 12:58 | Report Abuse

god2017.... lie in n ship sinking

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 13:57 | Report Abuse

:(

god2017

20 posts

Posted by god2017 > 2019-03-25 14:42 | Report Abuse

announced

god2017

20 posts

Posted by god2017 > 2019-03-25 14:42 | Report Abuse

ship gone

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 14:47 | Report Abuse

announced

god2017

20 posts

Posted by god2017 > 2019-03-25 14:50 | Report Abuse

rm1.20

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 14:52 | Report Abuse

acquired at 1.2?

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 15:28 | Report Abuse

wait another minute will know lo

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 15:36 | Report Abuse

haha. nothing also

ykloke30

43 posts

Posted by ykloke30 > 2019-03-25 15:53 | Report Abuse

hkhk... con job again

ykloke30

43 posts

Posted by ykloke30 > 2019-03-25 15:54 | Report Abuse

hkhk...offered 0.99 only

as1915000

1,010 posts

Posted by as1915000 > 2019-03-25 15:58 | Report Abuse

SIG GASES BERHAD (“SIGGAS” OR “COMPANY”)
RECEIPT OF OFFER TO ACQUIRE SIGGAS’S ENTIRE EQUITY INTERESTS IN SOUTHERN INDUSTRIAL GAS SDN BHD (“SIGSB”)
1. INTRODUCTION
The Board of Directors of SIGGAS (“Board”) wishes to announce that the Board has on even date received an offer letter dated 25 March 2019 (“Offer Letter”) from Air Liquide Malaysia Sdn Bhd (“ALM”) to acquire 23,000,000 ordinary shares in SIGSB, representing 100% equity interest therein (including the 40% minority shareholding owned and held by SIGSB in Iwatani-SIG Industrial Gases Sdn Bhd) from SIGGAS (“Offer”) for a purchase consideration of RM226,586,000 subject to the adjustment less bank borrowings plus cash and bank balance as further detailed in the Offer Letter, based on the cut-off date to be determined upon finalisation of terms (“Consideration”).
2. OFFER
The Consideration shall be fully satisfied entirely in cash by ALM.
The Offer shall remain open for acceptance from the date of this announcement until 29 March 2019 and after which it shall lapse and be of no further legal effect.
3. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM
None of the Directors, major shareholders of SIGGAS and/or persons connected with them have any interest, whether direct or indirect, in the Offer Letter.
4. CONCLUSION
The Board will deliberate on the Offer Letter in due course. If SIGGAS decides to accept the Offer, SIGGAS is required to reply to ALM by 29 March 2019.
Further announcement(s) will be made upon the decision of the Board in relation to the Offer and upon the execution of the sales and purchase agreement in relation to the Offer, detailing the terms, effects and all relevant disclosures in relation to the Offer pursuant to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
The shareholders of SIGGAS and potential investors are advised to exercise caution when dealing in SIGGAS’s shares, as there is no certainty that the Offer may proceed or may result in a binding agreement.
5. DOCUMENT AVAILABLE FOR INSPECTION
The Offer Letter will be made available for inspection by the shareholders of SIGGAS at the Company’s registered office at Suite 1301, 13th Floor City Plaza, Jalan Tebrau 80300 Johor Bahru, Johor during the normal business hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.
This announcement is dated 25 March 2019.

as1915000

1,010 posts

Posted by as1915000 > 2019-03-25 15:59 | Report Abuse

any comment
good news or bad news?

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 16:05 | Report Abuse

How u get 0.99?

as1915000

1,010 posts

Posted by as1915000 > 2019-03-25 16:06 | Report Abuse

matematic calculation buy at SIGSB RM226,586,000 /23,000,000 share = RM9.85 per share, other i dont know how to calculate. What effect to SIGGAS share?

ykloke30

43 posts

Posted by ykloke30 > 2019-03-25 16:08 | Report Abuse

hkhk... just quesssing..based on the stock movement... seem like the boss also no happy with the offer.

hkhk

2,066 posts

Posted by hkhk > 2019-03-25 16:11 | Report Abuse

Wish to know the offered price calculation too

ykloke30

43 posts

Posted by ykloke30 > 2019-03-25 16:13 | Report Abuse

hkhk..From what i read... they are only offer to buy the core business... not the entire company..

ykloke30

43 posts

Posted by ykloke30 > 2019-03-25 16:39 | Report Abuse

hkhk... now the issue here is.. if taking up the offer, will the boss refund back the money?? which i highly doubted...

fly8899

1 posts

Posted by fly8899 > 2019-03-25 16:49 | Report Abuse

yk.. how to know is only buy for the core business from above statement?

hkhk

2,066 posts

Posted by hkhk > 2019-03-26 09:09 | Report Abuse

Ada show tak

ykloke30

43 posts

Posted by ykloke30 > 2019-03-26 09:15 | Report Abuse

someone is keep selling....i guess the offer will be rejected.. then the shares price dropped n this guy will buy back..

Posted by SharehlderOppression > 2019-03-26 09:57 | Report Abuse

Is Siggas a bet worth taking?
If offer is accepted, it will trade close to 1.20 offer price.
If offer is rejected, it will likely retrace to 80c level.
Ultimately, the decision whether to invest or not is subject to your tolerance to risk.

hkhk

2,066 posts

Posted by hkhk > 2019-03-26 09:59 | Report Abuse

How u get the figure 1.2?

ykloke30

43 posts

Posted by ykloke30 > 2019-03-26 10:12 | Report Abuse

hkhk... martinbartesque already calculated for u..... RM226,586,000/187,000,000 share = RM1.20 per share.

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