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
How market will react on the announcement? Too many company announce to b involve in glove.. GPA more solid with experienced ruberex compare to other... The heat of glove still there?!
In mergers and acquisitions, a mandatory offer, also called a mandatory bid in some jurisdictions, is an offer made by one company (the "acquiring company" or "bidder") to purchase some or all outstanding shares of another company (the "target"), as required by securities laws and regulations or stock exchange rules governing corporate takeovers. Most countries, with the notable exception of the United States, have provisions requiring mandatory offers.
In Malaysia, when there is a mandatory offer takeover, the offer price offered by the bidder to the target shareholders must not be less than the highest price paid or agreed to be paid by the bidder or any persons acting in concert with the bidder for any voting shares or voting rights during the offer period
Even they can sell it at 0.10..we are not sure the deal they have made behind door. But actual mkt price will differ according to NTA and demand for the shares.
saw the price just after meeting with my manager. do not contra, i repeat. no contra! the value will emerge itself. the new management is doing their best. Yesterday we've just witnessed a detailed report on business diversification, PP and esos. this is the first step of an exciting journey for GPA
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....
bobochacha
536 posts
Posted by bobochacha > 2020-09-01 23:24 | Report Abuse
regal orion was story before the MCO, but never materialize.. so no more data center. welcome to new glove king