Posted by 4elements > 2014-07-19 11:00 | Report Abuse

What kind of impact will the takeover have on Goldis share price? Can anybody share their thought.

Posted by hng33 > 2014-07-19 11:04 | Report Abuse

Good for Goldis, increase stake in IGB at undemanding cost (offer price just RM 2.88 vs. IGB NTA 3.25), turning IGB from associate (30%) into subsidiary (at least 51%), enable Golids to consolidate future IGB profit into Golids financial result.

Posted by hw0706 > 2014-07-19 11:22 | Report Abuse

buy igb maybe will reach 3.50 on monday. maybe offer will revise

Posted by wt222 > 2014-07-19 12:36 | Report Abuse

Must hold for long term....short term no excitement...

Posted by amywong111888 > 2014-07-19 23:00 | Report Abuse

so hich one to buy , igb or goldis?

Posted by sang33 > 2014-07-20 06:56 | Report Abuse

买一张 goldis = 一张 igb + gtower + crest spring 物有所值 .

Posted by member41 > 2014-07-21 11:54 | Report Abuse

Drop more pls. Wanna add

Posted by jtpc2006 > 2014-07-22 11:00 | Report Abuse

Goldis will move up

Posted by Cweed > 2014-07-22 21:03 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/07/22/Goldis-proposed-takeover-price-for-IGB-is-seen-as-grossly-unattractive/

Posted by hng33 > 2014-07-23 10:15 | Report Abuse

Tan family control 59% Goldis.

Goldis control 32% IGB, Tan family also direct control 18% IGB = Effectivly Tan family only control IGB 19% through Goldis + direct stake 18% = 37%

However, now Goldis now take over conditional IGB at 2.88, and gain control IGB at least 51%

The next move will be Tan family itself will take over Goldis mandatory, in order to direct control IGB to more than 51%

Posted by jtpc2006 > 2014-07-25 11:09 | Report Abuse

Goldis is star performer!

Posted by member41 > 2014-07-25 23:02 | Report Abuse

Haiz Couldn't get more below 2.30

Posted by tjhldg > 2014-07-26 15:55 | Report Abuse

kikikikikiiii

Posted by itsart > 2014-07-28 23:02 |

Post removed.Why?

Posted by jtpc2006 > 2014-07-30 16:44 | Report Abuse

told you so !!

Posted by sang33 > 2014-08-03 16:27 | Report Abuse

IBG International school opening on 18th August2014.

Posted by hw0706 > 2014-08-20 09:42 | Report Abuse

PETALING JAYA: Goldis Bhd has failed in its proposed takeover offer for IGB Corp Bhd, as it has only secured undertakings of 48.29% of shareholders, which is below the 50% mark required to make the offer unconditional.

Last month, Goldis had launched a takeover offer for IGB at RM2.88 per share on the condition it gets at least 50% acceptance.

The company had then said it already directly owned a 31.11% stake in IGB, while the persons acting in concert (PACs) with it collectively had 20.49%. Put together, it was anticipated that Goldis should be able to raise the group’s shareholding in IGB to 51.15%.

However, as at Aug 18, which was the last market day for acceptances of the proposed offer, the aggregate shareholding of the PACs was about 229.31 million IGB shares, or 17.18% of the company.





“Taking into account the direct shareholdings of Goldis of approximately 31.11% and the undertakings of the PACs to accept the proposed offer, the collective shareholdings of Goldis and the PACs are approximately 48.29%,” Goldis told Bursa Malaysia.

When Goldis first proposed the exercise on July 17, it said the rationale was to increase its direct stake in IGB to more than 50%.

Upon completion of the proposed offer, Goldis would be able to increase its consolidated net assets and net profit attributable to the company accordingly.

When the deal was first announced, analysts said that Goldis’ offer of RM2.88 cash per IGB share substantially undervalued the assets of the property development and investment company.

The consensus view was that minority shareholders were unlikely to accept the offer, given the low premium. Goldis’ offer represented a premium of only four sen, or 1.41%, over the pre-suspension price of IGB shares of RM2.84.

While one research house described the offer as “unfair and unreasonable”, another analyst said it was not a “serious offer”.

PublicInvest Research has estimated IGB’s assets to be worth at least RM8bil, or RM5.85 per share, and this too is made on a conservative valuation.

It said that Goldis’ offer valued IGB’s equity at RM3.84bil, which was only 48% of the estimated revalued net asset value of RM8bil of IGB.

The principal activities of IGB are investment holding and property development. Through its subsidiaries, IGB is involved in activities such as property development, property investment, malls and hotel operations.

Some 53% of IGB’s revenue contribution comes from property investment, while 32% comes from hotel operations and 10% from property development.

Posted by darrenwonghc > 2014-08-20 12:22 | Report Abuse

I will keep my IGB as my crown of diamond :)

Posted by jtpc2006 > 2014-08-20 12:47 | Report Abuse

Goldis management pls revise offer for IGB

Posted by member41 > 2014-08-29 18:49 | Report Abuse

No dividend or treasury share distributed for now... typical stingy Tans... see what announced in Sept

Posted by yipgusing > 2014-09-15 13:43 | Report Abuse

will hit 2.5 in this month... believe anot up to u ..

Posted by lsy2628 > 2014-09-15 16:09 | Report Abuse

it's getting close

Posted by member41 > 2014-09-15 18:48 | Report Abuse

Keep adding... slow but steady counter.

Posted by CoMBoFisT > 2014-09-19 23:25 | Report Abuse

hello fellow goldis investors. I just done calculation on goldis investment that I bought in 2001 or 2002 at RM1.19, and the gain is about 400% include 2 times free right issue but exclude the dividend given as I did not keep track on them. pretty amazing..

Posted by Hk Wong > 2014-10-07 06:45 | Report Abuse

Yeah. I like the share also

Posted by heavyth > 2014-10-07 09:49 | Report Abuse

why no buyers...??

Posted by heavyth > 2014-10-07 21:40 | Report Abuse

03 Oct 2014
PART A

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED CONDITIONAL TAKE-OVER OFFER BY GOLDIS BERHAD (“GOLDIS”) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM0.50 EACH IN IGB CORPORATION BERHAD (“IGB CORP”) (EXCLUDING TREASURY SHARES) NOT ALREADY OWNED BY GOLDIS (“OFFER SHARES”) AT AN OFFER PRICE OF RM2.88 PER OFFER SHARE (“PROPOSED OFFER”)

PART B

INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED SHAREHOLDERS OF GOLDIS IN RELATION TO THE PROPOSED OFFER AND NOTICE OF EXTRAORDINARY GENERAL MEETING

AND

NOTICE OF EXTRAORDINARY GENERAL MEETING

Posted by heavyth > 2014-10-09 12:31 | Report Abuse

TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) GOLDIS BERHAD (“GOLDIS” OR THE “COMPANY”) DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 33 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 (“CODE”)

GOLDIS BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description GOLDIS BERHAD (“GOLDIS” OR THE “COMPANY”)

DISCLOSURE OF DEALINGS IN ACCORDANCE WITH SECTION 33 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS 2010 (“CODE”)

We refer to the announcement dated 18 July 2014 on the proposed conditional take-over offer by Goldis to acquire the entire equity interest in IGB Corporation Berhad (“IGB Corp”) not already held by Goldis (excluding treasury shares) (“Proposed Offer”).

On behalf of Goldis, CIMB Investment Bank Berhad wishes to announce that the Company had received notification that Tan Chin Nam Sdn Bhd, a person acting in concert with Goldis in relation to the Proposed Offer, has dealt in the shares of IGB Corp, details of which are as follows:
Date of transaction
Name
Nature of the Transaction
No of IGB Corp Shares Transacted
Average Transacted Price per IGB Corp Share
RM
Total Consideration

RM
8 October 2014

Tan Chin Nam Sdn Bhd

Acquisition

3,400,000

2.87000

9,758,000

This announcement is dated 9 October 2014.

Posted by Hk Wong > 2014-10-13 06:39 | Report Abuse

No revise offer. But someone is supporting the deal . At the end of the day the management win

Posted by jtpc2006 > 2014-10-14 07:41 | Report Abuse

Goldis proposed takeover price of IGB deemed as unfair and unreasonable to IGB, no go

Posted by heavyth > 2014-10-14 15:27 | Report Abuse

Good Or Bad news..?? ....

On behalf of the Board of Directors of Goldis (“Board”), CIMB Investment Bank Berhad (“CIMB”) wishes to announce that Goldis proposes to undertake the following:

(i) proposed renounceable rights issue of up to 460.0 million new redeemable convertible cumulative preference shares of RM0.01 each in Goldis (“RCPS”), convertible into ordinary shares of RM1.00 each in Goldis (“Goldis Shares”) (“Proposed Rights Issue”);
(ii) proposed increase in the authorised share capital of Goldis from RM1,000,000,000 comprising 1,000,000,000 Goldis Shares to RM1,510,000,000 comprising 1,500,000,000 Goldis Shares and 1,000,000,000 RCPS (“Proposed Increase in Authorised Share Capital”); and
(iii) proposed amendments to the Memorandum and Articles of Association of Goldis in respect of the issuance of RCPS pursuant to the Proposed Rights Issue and Proposed Increase in Authorised Share Capital (“Proposed Amendments”).

The Proposed Rights Issue, Proposed Increase in Authorised Share Capital and Proposed Amendments shall collectively be referred hereon as the “Proposals”.

Kindly refer to the attached document for the details of the Proposals.


This announcement is dated 13 October 2014.

Posted by jtpc2006 > 2014-10-14 16:47 | Report Abuse

rights issue good news, now chance to buy up some more..

Posted by jtpc2006 > 2014-10-14 16:53 | Report Abuse

After revaluation of IGB's assets will also increase value of Goldis shares so consider current Goldis price very cheap.

Posted by heavyth > 2014-10-15 10:53 | Report Abuse

Why no body buying..??

Posted by Hk Wong > 2014-10-20 07:00 | Report Abuse

Market is bad

Posted by Hk Wong > 2014-10-20 07:01 | Report Abuse

If drop to 1.50 than consider

Posted by hw0706 > 2014-10-23 10:24 | Report Abuse

goldis share fv will be a lot than now

Posted by member41 > 2014-10-23 22:41 | Report Abuse

Shareholders of Goldis Bhd have given the thumbs-up to its acquisition of all the shares it does not already own in IGB Corp for RM2.88/share. About 99.8% of the shareholders who attended the EGM on Tuesday voted in favour of the proposed acquisition of IGB. (Financial Daily)

Source: CIMB Daybreak - 23 October 2014

Posted by jtpc2006 > 2014-10-31 16:33 | Report Abuse

Goldis waking up !!

Posted by hw0706 > 2014-10-31 16:58 | Report Abuse

see can reach 3.00

Posted by jtpc2006 > 2014-11-03 11:43 | Report Abuse

on way to 3.00

Posted by member41 > 2014-11-03 16:43 | Report Abuse

Keep add this. No regret

Posted by Hk Wong > 2014-11-03 18:04 | Report Abuse

yeap. after 3.00 than 4.00

Posted by member41 > 2014-11-04 13:31 | Report Abuse

Wow hit 286 just now.... 300 next

Posted by jtpc2006 > 2014-11-04 14:03 | Report Abuse

yes, after 3.00, then 4.00

Posted by benjaminye > 2014-11-07 11:31 | Report Abuse

Goldis declares it holds 73.32% of IGB that translate to about 1 Goldis share also own 1.62 shares of IGB. How much goldis should be price?

Posted by davidvestor > 2014-11-10 12:10 | Report Abuse

how is goldis going to finance the purchase of additional stake in IGB, probably right issue & debt in due course.

Posted by member41 > 2014-11-10 21:40 | Report Abuse

(III) PROPOSED AMENDMENTS

We refer to the announcement dated 13 October 2014 and 7 November 2014 in relation to the Proposed Rights Issue, Proposed Increased in Authorised Share Capital and Proposed Amendments (“Announcement”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcement.


On behalf of Goldis, CIMB is pleased to announce that a listing application has been submitted to Bursa Malaysia Securities Berhad (“Bursa Securities”) on 10 November 2014 for the listing of and quotation for RCPS and the new Goldis Shares to be issued pursuant to the conversion of the RCPS on the Main Market of Bursa Securities.

Posted by member41 > 2014-11-27 18:28 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1808213

Posted by member41 > 2015-01-07 08:48 | Report Abuse

You guys buying the RCPS?