MULTIPLE PROPOSALS TRIplc BERHAD ("TRIplc" OR "COMPANY") (I) PROPOSED SHARE EXCHANGE; (II) PROPOSED TRANSFER OF LISTING; AND (III) PROPOSED DISPOSAL (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcement dated 16 December 2016 (“Initial Announcement”) in relation to the Proposals. Unless otherwise defined, capitalised terms used in this announcement have the same meanings as those given to them in the Initial Announcement.
On behalf of the Board, HLIB wishes to announce that Unit Kerjasama Awam Swasta (“UKAS”) had, via its letter dated 31 May 2017, approved the Company’s application seeking the approval of UKAS for the Proposed Disposal.
This announcement is dated 2 June 2016.
Remark: Above approval is a step closer to fulfill condition precedent for triplc to dispose concession assets worth RM 210m or RM 3.00/share to Puncak. Triplc should also have submitted its circular to for SC, and are now awaiting for approval. Once SC approve triplc circular detail which may include special dividend to reward shareholder, triplc will despatch circular to shareholder approval in upcoming EGM.
Remak2: At earlier date, In Puncak latest financial, Puncak have also reported have already on 28 April 2017, submitted its own circular to acquire triplc. Board of Directors announced that the application in respect of the Proposed Acquisition by Puncak Niaga of the entire issued and paid-up share capital of TRIplc Berhad from Pimpinan Ehsan Berhad for a cash consideration of RM210 million has been submitted to the Securities Commission Malaysia.
All in, the progress is on the way for both Puncak and triplc, both are now in the midst toward secure approval for acquisition and disposal respective to fulfill condition precedent.
Once circular to take over approved later (may include special dividend to reward shareholder from triplc net gain RM 2.04/share , potential second round even higher up
Triplc share price have stabilize, awaiting for further pending conditional precedent approval, next will be securities commission after secure Unit Kerjasama Awam Swasta approval.
In the meantime, share price will trading upward, awaiting for more booster to back to above RM 2.00, if special dividend payout 50-60sen, next target will be higher, 2.50 also possible.
No much profit taking set in now as everyone awaiting to be rewarded even more handsomely later once triplc secure all conditional precedent :DDDDDDDD)
haha shareholders here are in good mood today, when my first article was published, the price was around 1.40-1.50. unlike you. I already explained what I need in 4 articles, do I need to say more?
all my blog posts and comments can be traced, I am consistent in what I say and they are all supported by logical reasoning and facts, unlike some bitter loser keep trying to spew lies or twist other's words. if psychologically unwell, please use some of the money you earned from triplc today to seek treatment, don't be a hazard to the society
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....
rogers123
4,018 posts
Posted by rogers123 > 2017-06-01 13:49 | Report Abuse
Keep away from rozali's family business. They have no idea to run the business