fong siling nick name "cold eye" he publish numerous book , you can found them on all the bookstore, but the most important is, last time got people check him, found out that he is top 30 major shareholder for multiple company , super duper rich by playing stock and become the legend
the revenue does increase. although the margin remain the same but it's mainly due to the start of other projects. long term..really long term, it's a good investment.
johnmaster told everyone he bought all his shares via proxies, then lately he run out of proxy accounts, he uses his own account to buy since he says he was still accumulating.
my original plan was to enter again 2 weeks later..but change the plan after i see the announcement. the bosses are committed to the company by injecting money to it. this gives me some confidence
Over the weekend, I go through the Annual Report 2015, and find that the notes to the financial statements no. 29 on page 74 on significant events get to my attention as follows :-
(iii) On 24 December 2014, GSB Hotel Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the mixed development and construction of hotel and commercial project on a parcel of land measuring approximately 3.0 acres in the District of Bentong.
Pursuant to the PMA, GSB Hotel Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd.is responsible for the construction and sales of the development products.
GSB Hotel Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM 57,833,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 3 years from the commencement date.
(iv) On 24 December 2014, Banda Industries Sdn. Bhd. (“Property developer and landowner”), a wholly owned subsidiary of GSB Group Berhad, entered into a Project Management Agreement (“PMA”) with Genlite Sdn. Bhd. (“Project Manager”) to undertake the development and construction of residential buildings on a parcel of land measuring approximately 32.53 acres in the District of Bentong.
Pursuant to the PMA, Banda Industries Sdn. Bhd. contributes lands for the said project while Genlite Sdn. Bhd. is responsible for the construction and sales of the development products. Banda Industries Sdn. Bhd. will be entitled to 30% of a total minimum development value of RM 142,167,000 or total gross sales value of the development products, whichever is higher. The project is expected to complete within 4 years from the commencement date.
Private Placement of 88,000,000 new ordinary shares of RM0.10 each in GSB Group Berhad ("GSB"), representing 20% of the issued and paid-up share capital of GSB
DESCRIPTION : OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME (ESOS) OF THE COMPANY
The details of the Options offered to the eligible persons of the Company are set out as below:-
1. Date of Offer of the Options : 3 December 2015 2. Exercise Price of Options Offered : RM0.10 3. Number of Options Offered : 30,060,000 4. Closing Market Price of the Company’s shares on the Date of Offer : RM0.10 5. Number of Options offered to the following Directors of the Company:- (a) Loy Kwee Keow - 2,000,000 (b) Gan Pik Mui - 3,500.000 (c) Ir. Liaw Boo Lai @ Leow Bong Lai (D.S.M.) - 2,000,000 (d) Gan Boon Kat - 3,300,000 6. Vesting Period of the Options Offered : Maximum Percentage of Options
Exercisable in Each Year Commencing From Date of Offer (On a Per Offer Basis) Year 1 Year 2 Year 3 35% 35% 30%
Kindly take note that the Company need to purchase the share in the open market in able for the Company's to issue the ESOS.
KUALA LUMPUR (Dec 18): Fututech Bhd executive director Datin Toh Siew Chuon has purchased a 16.7% stake in GSB Group Bhd, which manufactures optical disc storage media and is also involved in property development, for RM8.8 million.
In a filing with Bursa Malaysia today, it was revealed that Toh, 49, along with Tee Eng Tiong, 37, and Tee Eng Han, 40 (both brother's of Fututech Chairman), had purchased 88 million GSB shares, or a 16.7% stake, on Dec 16, 2015 through their private vehicle Javawana Sdn Bhd. The subscription was undertaken via a private placement of GSB shares.
The issue price for the placement shares was fixed at 10 sen per placement share on Dec 2, representing a 6.2% premium to the volume weighted average market price of GSB shares up to and including Dec 1 of 9.42 sen per share.
With the purchase of the 16.7% stake, Javawana will be the second-largest shareholder in GSB after Suria Bitara Sdn Bhd, which has an 18.29% stake in the company.
Just back from my long holiday! wow, so happening here ah? Hi Calvin Bro, how are you lately? 2015 a very fruitful yr to me so far, Superln return 120% YTD!
Fututech's director buys 16.7% stake in GSB Group for RM8.8m
By Supriya Surendran / theedgemarkets.com | December 18, 2015 : 7:29 PM MYT
KUALA LUMPUR (Dec 18): Fututech Bhd ( Valuation: 1.80, Fundamental: 2.60)'s executive director Datin Toh Siew Chuon has purchased a 16.7% stake in GSB Group Bhd ( Valuation: 0.30, Fundamental: 0.45), which manufactures optical disc storage media and is also involved in property development, for RM8.8 million.
In a filing with Bursa Malaysia today, it was revealed that Toh, 49, along with Tee Eng Tiong, 37, and Tee Eng Han, 40, had purchased 88 million GSB shares, or a 16.7% stake, on Dec 16, 2015 through their private vehicle Javawana Sdn Bhd. The subscription was undertaken via a private placement of GSB shares.
The issue price for the placement shares was fixed at 10 sen per placement share on Dec 2, representing a 6.2% premium to the volume weighted average market price of GSB shares up to and including Dec 1 of 9.42 sen per share.
With the purchase of the 16.7% stake, Javawana will be the second-largest shareholder in GSB after Suria Bitara Sdn Bhd, which has an 18.29% stake in the company.
Do you think all people here so rich like uncle Kyy? Part few million in your call GSB for one year with 0.5 cent return, for uncle kyy is ok...but if a newbie that have only 10k to invest and 50% goes to buy your GSB and end up 1 year +0.5 cent?? Do you see why i am so mad of 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....
kcwong98
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Posted by kcwong98 > 2015-11-27 13:05 | Report Abuse
@fun kaki @joekit May I know who is fung siling - any impact to the price?