@Jaes Asset 123m, liability 13m, good candidate for RTO, assets injection will boost nta, asset + business injection = revenue growth = profit growth = increase of share price. New management intention will be a catalyst in short term. In accumulation phase now 01/09/2020 2:21 PM
I like you assessenent. Agreed bro... New mngnt who knows RTO with Real.... Boooommmmm
Regal FDI investment Data Centre Sendayan woooping RM1.2 bil brooooo.... This must be fantastic..
Most likely new mngnt more initiatives for compaby growth compare to previous mngnt. I hold this GPA for donkey 10 years stuck loitering .10¢ to .15¢. Only to be awaken last few weeks srart with Regal announcenents involvemenn RTO.... Emmm seeing hope.. Nowww its real 10 years maa stuck to GPA.... Maaa
Hahaaa needs new batteries witn new tech ...booommm
Many Data Centre needs UPS batteries. Periodic requirement normally 10 yrs cycle . And replacements costs millions ... What about maintenance contract during 10 years tenure... Another bz ....maintenance . Wowwww
KUALA LUMPUR (Sept 1): Shares of GPA Holdings Bhd rose as much as 21.43% or 4.5 sen today, continuing the uptrend last month on buying fuelled by the possible emergence of a new shareholder in the battery manufacturer.
The counter pared some gains at the time of writing, but was still up 4 sen or 19.5 sen with 237.45 million shares traded — 20 times its 200-day average volume of 11.07 million shares. It was the sixth most actively traded counter on Bursa Malaysia.
GPA was among Bursa’s top performers in August on the back of a penny stock rush, rising from 11.5 sen at end-July to its 13-year high of 26 sen last Wednesday — representing a gain of 126% — before paring gains.
The recent renewed interest was also on news that Datuk Eddie Ong Choo Meng, who recently took control of Rubberex Corp (M) Bhd, has emerged as a front-runner to take over GPA.
Quoting sources, The Edge Malaysia weekly reported on Aug 29 that Ong is going head-to-head against data centre operator Regal Orion Sdn Bhd to take control over GPA.
n behalf of the Board of Directors of GPA, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the following:-
(i) proposed diversification of the existing business of the Company and its subsidiaries to include the gloves business (“Proposed Diversification”);
(ii) proposed private placement of 294,146,000 new ordinary shares in GPA (“GPA Shares” or “Shares”) (“Placement Shares”), representing 30% of the total number of issued Shares of GPA to Dato’ Ong Choo Meng, Ang Lin Chu, Lim Poh Yit and Dato’ Tee Tiam Hock (“Subscribers”) (“Proposed Private Placement”); and
(iv) proposed establishment of an employees’ share option scheme (“ESOS” or “Scheme”) involving up to 15% of the total number of issued Shares (excluding treasury shares, if any) for eligible directors and employees of the Company and its subsidiaries (“Proposed ESOS”),
(collectively referred to as the “Proposals”).
Please refer to the attachment for further details on the above.
Confusing abit. Well they replied to bursa query regard the article eddie ong RTO , they said not aware of it. Then suddenly pp to eddie ong. So my question is who eaten the Tan Sri big block of share?
Thanks @Bemollion for the detailed report. GPA warehouse in Meru very close to top glove factory. In fact if you make a trip there you will see top glove factory everywhere. GPA PP 51m to expand into glove, 12 double dipping lines @ 3.6b gloves per annum.
Unfortunately or fortunately it is not data centre. I expect GPA to limit up tomorrow following inix
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alvin0255
142 posts
Posted by alvin0255 > 2020-09-01 16:20 | Report Abuse
break old high only say spike la.