Those bot this one is hardly lose, bcos there is a theme /dividend play .... compare to those bot Puncak, mostly are in heavy loss now! some investment naive just don't have the sense that, aithough a high NTA stock, it needs theme to unlock the value, otherwise, it would be like Puncak .....
No free lunch for RM 1.95 dividend . A deduction from the price of the mother share unless it surge forward b4 the x--date which is too near with little hope .
a sohai said she sold all already and laughing at those still holding, sohai never time the events, or waiting for so called, sell on news! that can make the last good fortune! sohai only good in bluffing .... :D :D :D
Management after disposing asset Don't know what to with the money so just distribute back to shareholders,,,,atleast they can earned FD interest,,,,,,Classic Management kaput scenario,,,,
On behalf of the Board of Directors of PEB, Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that PEB has on 28 November 2019 entered into a heads of agreement (“HOA”) with Wong Choi Ong, Pan Kum Wan, Exquisite Capitals Sdn Bhd, Lim Siew Kuen and Tham Yew Leong (collectively, the “Vendors”) in relation to the proposed acquisition by PEB of the entire equity interests in EMESB and AEPL (collectively, the “Target Companies”) (“Proposed Acquisition”).
Pursuant to the HOA, the Company and the Vendors have agreed to negotiate for the Proposed Acquisition, including making an assessment as to the most appropriate structure and form the Proposed Acquisition should take place to regularise the Company’s condition as a Cash Company. The Company and the Vendors undertake to discuss in good faith with a view to sign a legally binding definitive agreement in relation to the Proposed Acquisition (“Definitive Agreement”) within 6 months from the date of the HOA or such longer period as may be mutually agreed between the Company and the Vendors in writing.
A detailed announcement will be made on Bursa Malaysia Securities Berhad (“Bursa Securities”) upon execution of the Definitive Agreement pursuant to the Proposed Acquisition. For information purposes, the Proposed Acquisition is intended to form part of the Company’s overall regularisation plan to regularise its condition as a Cash Company in accordance with Paragraph 8.03(5) of the Main Market Listing Requirements of Bursa Securities.
Pursuant to the Proposed Acquisition, PEB intends to acquire the entire equity interests in the Target Companies for a purchase consideration to be determined prior to the signing of the Definitive Agreement. The purchase consideration for the Proposed Acquisition is dependent on further negotiations between the Company and the Vendors as well as the outcome of the due diligence to be conducted.
It is the intention of the Company to fully settle the purchase consideration for the Proposed Acquisition via the issuance of new securities in PEB. Upon completion of the Proposed Acquisition, the Target Companies shall become wholly-owned subsidiaries of PEB.
On behalf of the Board of Directors of PEB, HLIB wishes to announce that the Company and the Vendors have, via an exchange of letter on 20 April 2020 (“Letter”), mutually agreed to terminate the HOA after taking into consideration the uncertainties surrounding the global economy and financial market.
The termination of the HOA is not expected to have any material effect on the earnings per share and net assets per share of the Company for the financial year ending 31 December 2020.
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....
DK66
4,269 posts
Posted by DK66 > 2018-05-15 15:24 | Report Abuse
The RPT deal with puncak becomes unconditional on 3 May 2018