Let's hope no major shareholder try to block this privatization like Muar Ban Lee against CCB's privatization this year. Blocking it will not be beneficial to any shareholder as you cannot expect the price to maintain much after the privatization failure. By the way, did you know that Muar Ban Lee left as majority shareholder after the failure to privatize CCB? This shows that greed failed when market conditions are weak.
Current SCR having premium of 1.65 / 0.555...that's 3x that of CCB's 2.20 / 1.29. Looking at current market condition and price drop of CCB due to the unsuccessful deal, only foolish and greedy shareholders would not want the SCR.
Haha...the proposal sent to Bursa already stated why SCR is done, look at item 3 (rationale for the proposed scr). They are going to undertake a major replanting exercise on their oil palm areas which will affect their financial report negatively . Don't expect the price to go up
Quick take: Naim rises 2.2% on dividend plan TheStar Mon, Aug 03, 2020 09:16am - 1 month ago
KUALA LUMPUR: Shares in Naim Holdings Bhd rose in early trade following its plan to use RM90mil from land sale as dividend.
The property developer rose 2.27%, or two sen to 90 sen, its highest in two weeks, with 1.86 million shares done.
The group intends to utilise RM90mil of the proceeds from the sale of industrial land in Bintulu for cash dividend payout to its shareholders.
This translates into a dividend per share of about 18 sen based on the company’s 500.74 million shares in issue (net of 13.06 million treasury shares).
Naim said the cash dividend is to reward shareholders for their investment and continued
support of the group.
On July 17, Naim’s wholly-owned subsidiary, Petrochemical Hub Sdn Bhd had entered into a sale and purchase agreement (SPA) with Sarawak Economic Development Corporation (SEDC) for the proposed disposal of two parcels of vacant land with a total area of approximately 405.6 hectares in Bintulu, Sarawak for RM340mil.
If market crashes, believe plan will cease. In the first place, why so generous to offer high price? Anyway, if succeeded, congratulations for those who still hold it.
KWANTAS The good news is coming. 1.380 +0.04 (+3%) OTHERS KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR") KWANTAS CORPORATION BERHAD
Type Announcement Subject OTHERS Description KWANTAS CORPORATION BERHAD ("KWANTAS" OR "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF KWANTAS PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR") (Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Company’s announcement dated 25 September 2020 in relation to the Proposed SCR) We refer to the announcements dated 26 August 2020, 28 August 2020, 2 September 2020, 25 September 2020 and 29 September 2020 in relation to the Proposed SCR. On behalf of the Board, Maybank IB wishes to announce that the Securities Commission Malaysia had, vide its letters dated 27 October 2020, notified that it has no further comments on the circular and independent advice letter in relation to the Proposed SCR. This announcement is dated 28 October 2020.
Announcement Info Company Name KWANTAS CORPORATION BERHAD Stock Name KWANTAS Date Announced 28 Oct 2020 Category General Announcement for PLC Reference Number GA1-27102020-00129
Wow free money. hahah. 18% return is not bad. just leverage a lot if you think this would happen. In most cases, the offeror must have done their homework first. Just need to be patient. SCR normally takes around 1 year to complete (at most). Good luck guys.
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....
Go_Kwan_Tas
6 posts
Posted by Go_Kwan_Tas > 2020-09-10 13:11 | Report Abuse
Exactly. All current holders should not sell at such low prices.