Market Rumour, "Karex is taking over Takaso due to the reason of expansion. By taking over takaso (paid up capital 40 million). It is consider relatively cheap rather that setting up fully integrated condom plant which might take up 2 - 3 years lead time ( loss of business opportunity). By taking over, heard it will create synergy and economy of scale which in return create income generation instantly once the take over is completed. "
KUALA LUMPUR: Takaso Resources Bhd shares may see active trade today after reports emerged that a United States-based private equity fund is in a team leading a buyout of the company.The report, which emerged on Friday, has not been denied by Takaso nor American private equity firm Carlyle Group.
The Company has requested for a suspension of trading of its securities and warrants for one (1) day on 18 November 2013 to 5.00 p.m. The request for suspension is to enable the Company to investigate and verify the article that appeared in Focus Malaysia edition Nov 16-22, 2013 entitled “Carlyle Group to acquire Takaso?”.
Takaso: Set for active trade on Carlyle news. Takaso Resources shares may see active trade today after reports emerged that a United States-based private equity fund is in a team leading a buyout of the company. The report, which emerged on Friday, has not been denied by Takaso nor American private equity firm Carlyle Group. Interest in Takaso, the country’s first condom maker, has seen its shares heavily traded, closing at 27 sen last Friday. If indeed Carlyle Group is involved in the buyout of Takaso, it marks the second time a foreign entity has launched a takeover of a Malaysian company manufacturing rubber products. (Business Times)
Takaso: Carlyle Group to acquire Takaso? US-based private equity firm Carlyle Group, which has presence in Southeast Asia, may be taking over Takaso Resources Bhd. If the takeover is successful, the group would plan to delist it. (Source: Focus Malaysia)
I also buy BJauto........at 1.62.........at sell off at 2.10!!!!!! Earn a lot money.! Now is second round buy in again 1.89 and waiting 2.20 again then sell off!!!!!!!
tomrw shall be interesting day if takaso resume trading... many got trap at 0.275-0.295 sen on 13Nov. im not sure myself consider lucky or not already sold at 0.285. if tmrw open high those T+4 can celebrate with Yanyana ... :) will monitor closely this one as major breakout just happened..
wit volume increasing since breaking 0.22cent up to 0.295....resting at every level wit profit taking from 0.24 ..then 0.25..then 0.275..takaso sholuld hev exciting news...
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....
midtermtrader
1,166 posts
Posted by midtermtrader > 2013-11-18 09:33 | Report Abuse
Agreed. Takaso boss go to hell.