cybergreen: why dont u have some fate on the counter, support is at 3.55 if reach that level then you start to CL.if drop 1 bid or 2 bid..that is normal..
KUALA LUMPUR (March 8): Seacera Group Bhd is disposing of a 60% stake in its 80%-owned construction outfit Spaz Sdn Bhd for RM12 million cash.
Seacera said the disposal is in line with the group's strategic direction to streamline and restructure its operation in order to focus on businesses that are viable and profitable in the mid to long term.
The expected gain on the disposal is approximately RM8 million based on Seacera's original investment cost in SPAZ of RM16 million.
In a filing with Bursa Malaysia today, Seacera said it has entered into a sale and purchase of shares agreement with Vestime Synergy Sdn Bhd for the disposal. Muhammad Faris Rosman is the sole shareholder and director of Vestime Synergy, which is engaged in the construction of building and electrical wiring and fittings.
Seacera said SPAZ has completed over 70 projects in the past, with a contract value of more than RM600 million.
"The disposal is not expected to have any material impact on the group's earnings for the financial year ending Dec 31, 2019," it added.
Shares of Seacera fell one sen or 2.63% to close at 37 sen today, with 26.8 million shares done, bringing a market capitalisation of RM163.41 million
This seacera after throw back 365, and 360 and ate back 360. This is typical distribution method. To lure retailers to buy the 360. and distribute to you.
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....
HazByn
842 posts
Posted by HazByn > 2019-03-07 10:30 | Report Abuse
just flushing weak player