Posted by ST > 2012-04-02 16:19 | Report Abuse

Any insight??

Posted by Margerat > 2013-03-25 12:43 | Report Abuse

Company name sounds nice, but please choose Octagon - 1 = Perdana.

Buy Perdana, because 7109 - 1 = 7108

Perdana is better

Posted by Margerat > 2013-03-25 12:44 | Report Abuse

7109 - 2 = Office
Office is also much better with steady dividend yield.

Posted by Margerat > 2013-03-25 12:44 | Report Abuse

7109 - 3 = Superman.
Superman is also better than Octagon

Posted by Margerat > 2013-03-25 13:02 | Report Abuse

Why both Octagon and Hexagon have same fate?

Posted by negro > 2013-03-26 23:39 | Report Abuse

Because there is no Pentagpon

Posted by Risk Trader > 2013-04-22 13:57 | Report Abuse

HI, ANYONE HERE?

Posted by reachabbler > 2013-05-14 21:44 | Report Abuse

OCTAGON CONSOLIDATED BERHAD


AGREEMENT BETWEEN OCTAGON CONSOLIDATED BERHAD (“OCTAGON” OR “THE COMPANY”), OGPC HOLDINGS SDN BHD (“OGPC HOLDINGS”) AND THE SHAREHOLDERS OF OGPC SDN BHD (“OGPC”) AND OGPC O & G SDN BHD (“OGPC O & G”)






The Board of Directors (“Board”) of Octagon wishes to announce that Octagon, OGPC Holdings, Azman Bin Karim (“Azman”), Abdul Manaf Bin Shariff (“Abdul Manaf”), Khoo Kok Seng (“Khoo”) (being the shareholders of both OGPC and OGPC O & G) have on 14 May 2013 entered into an Agreement to facilitate the proposed corporate restructuring of Octagon.

Octagon, Azman, Abdul Manaf, Khoo and OGPC Holdings are hereinafter referred to as “the Parties”. Azman, Abdul Manaf and Khoo are hereinafter collective referred to as “OGPC Shareholders”.






OGPC is a company incorporated on 14 May 1994 under the Companies Act, 1965 and OGPC O & G is a company incorporated on 6 February 2008 under the Companies Act, 1965. Their principal activities are the provision of specialised engineering and technical support services including operation and maintenance and the supply of specialised equipment for the oil & gas, petrochemical and power industries. OGPC is licensed by Petroleum Nasional Berhad, Ministry of Finance of Malaysia and Tenaga Nasional Berhad as supplier to the chemical, petrochemical and oil & gas industries.
The salient terms of the Agreement are as follows:


(i) The Parties agreed that, for the duration of sixty (60) days from the date of the Agreement (“Expiry Date”), to negotiate exclusively with each other to finalise the terms and conditions of the following:

(a) OGPC Holdings, a new company incorporated recently for the purpose of the restructuring exercise, shall take over the listing status of Octagon and acquire Octagon for full consideration payable in new ordinary shares of OGPC Holdings (“OGPC Holdings Shares”);

(b) The sale of all shares held by the OGPC Shareholders in OGPC and OGPC O & G to OGPC Holdings wherein OGPC Holdings shall acquire all the issued and paid up shares held by the OGPC Shareholders in OGPC and OGPC O & G for full consideration payable in OGPC Holdings Shares.

The above are collectively referred to as “Proposals”.

(ii) The OGPC Shareholders have agreed to their respective participation in the Proposals.

(iii) The Parties agreed that upon the finalization of the terms and conditions of the Proposals, definitive agreements shall be entered into before the Expiry Date. In the event no definitive agreements are entered into by the Expiry Date or any extended date as mutually agreed upon by the Parties, the Agreement will be terminated.

(iv) The Parties have agreed that due diligence review shall be carried out on OGPC, OGPC O & G, Octagon and OGPC Holdings, where relevant.


The full text announcement is enclosed herewith.


This announcement is dated 14 May 2013.

Posted by reachabbler > 2013-05-15 10:31 | Report Abuse

0.11

Posted by iwan1991 > 2013-05-15 11:41 | Report Abuse

fly fly soon..

Posted by iwan1991 > 2013-05-15 12:23 | Report Abuse

people keep sell at 0.105..

Posted by IniKaliLah > 2013-05-15 21:06 | Report Abuse

Wow byk tinggi ini counter terbang.....esok lagi mau terbang ka ?

Posted by Risk Trader > 2013-05-15 22:59 | Report Abuse

Better outlook for this counter...buy and HOLD for very good return in short term...upliftment from P17 very soon

Posted by IniKaliLah > 2013-05-15 23:01 | Report Abuse

Once RT sudah comment so ini counter mesti lagi goreng kaw2 esok......wa mesti mau angkat sikit

Posted by Awesome > 2013-05-16 17:07 | Report Abuse

Octagon to exit PN17 status

Octagon Consolidated Bhd is on track to be lifted from Practice Note 17 (PN17) status following the execution of an agreement with shareholders of two oil and gas companies. In a statement, the financially distressed company said it signed an agreement yesterday with OGPC Holdings Sdn Bhd and the shareholders of OGPC Sdn Bhd and OGPC O&G Sdn Bhd. OGPC and OGPC O&G are companies incorporated in Malaysia with principal businesses in the provision of specialised engineering and technical support services. (Source: The Star)

Posted by Yang Shu Qi > 2013-05-16 17:31 | Report Abuse

go for pmind...oso juz exit pn17 ma....

Posted by Awesome > 2013-05-16 17:41 | Report Abuse

personally I support octagon! it's an O & G group! =) Hehe.. will goreng goreng soon =) TP 0.40

Posted by zombawie > 2013-05-16 17:44 | Report Abuse

i think octagon will up tomorrow. maybe 20 cents

Posted by CityTrader > 2013-05-16 17:47 | Report Abuse

but octagon has increased 114% & stil can buy mer?? what is the TP, pls! TQ

Posted by zombawie > 2013-05-16 17:50 | Report Abuse

tp 40

Posted by Awesome > 2013-05-16 17:53 | Report Abuse

bang,0.15 now belum lift pn17 pun, if lifted from pn17 in this 60days u guess will fly till??? TP0.40!

Posted by zombawie > 2013-05-16 17:59 | Report Abuse

yes 40 cents

Posted by Risk Trader #2 > 2013-05-16 18:46 | Report Abuse

Yes! Good!

Posted by Awesome > 2013-05-16 18:47 | Report Abuse

I telan 500lots at 0.15! hehe.. huat ar!

Posted by CityTrader > 2013-05-16 18:47 | Report Abuse

Tq zombawie.

Awesome u mean it has not been liftd from pn17? If belum then what is the % of success to rid that pn17

Posted by zombawie > 2013-05-16 19:38 | Report Abuse

i telan 180lots at 0.14. hopefully esok naik gila-gila...heheh

Posted by zombawie > 2013-05-16 19:41 | Report Abuse

i confident 100% success

Posted by Awesome > 2013-05-16 20:32 | Report Abuse

Citytrader, check out the link I post a few hours ago.. Then u will know why:)

Posted by zombawie > 2013-05-16 20:50 | Report Abuse

awesome: u think octagon price will go up how much?

Posted by scott > 2013-05-16 21:07 | Report Abuse

Guys you sure the tp is 0.4??

Posted by Awesome > 2013-05-16 21:31 | Report Abuse

Tp 0.40 bro :)

Posted by scott > 2013-05-16 21:42 | Report Abuse

K la I buy 100 lot tomorrow ... Trust you guys

Posted by CityTrader > 2013-05-16 21:49 | Report Abuse

I will buy as i always awesome n risk trader. They wont lead us to holland.

Posted by CityTrader > 2013-05-16 21:49 | Report Abuse

Missing word; trust them

Posted by CityTrader > 2013-05-16 21:55 | Report Abuse

U all did homeworks

Posted by Awesome > 2013-05-16 22:11 | Report Abuse

for those who haven't buy dont miss the boat ya.. see Luster baru lifted from pn17 shot up like no tomorrow.. this one ady signed agreement jz the matter of short time from liftment ;)have faith winks**

Posted by Awesome > 2013-05-16 22:42 | Report Abuse

btw, some say it will be takeover but im not sure how much they proposed for each share.. anyway Im sure it will be more than current price..

Posted by Awesome > 2013-05-16 22:47 | Report Abuse

OGPC Holdings, a new company incorporated recently for the purpose of the restructuring exercise, shall take over the listing status of Octagon and acquire Octagon for full consideration payable in new ordinary shares of OGPC Holdings (“OGPC Holdings Shares”)

Posted by scott > 2013-05-16 23:44 | Report Abuse

So is still worth it to get this share at this price right ??

Posted by Awesome > 2013-05-16 23:56 | Report Abuse

absolutely.. i bought in today at .15

Posted by scott > 2013-05-16 23:58 | Report Abuse

K thanks man

Posted by Awesome > 2013-05-17 00:02 | Report Abuse

most welcome =)

Posted by Wy Lee > 2013-05-17 08:35 | Report Abuse

i dun understand y ogpc still want restructured this share which currently still hv bad earning..lolz

Posted by zombawie > 2013-05-17 08:41 | Report Abuse

because ogpc always look forward about this company. good prospect

Posted by zombawie > 2013-05-17 08:42 | Report Abuse

don't miss to buy this share today. I guess octagon counter is the top 10 counter trading today

Posted by Wy Lee > 2013-05-17 08:47 | Report Abuse

still risky..lolz...term 60days and already up 100% dy...XD

Posted by scott > 2013-05-17 08:49 | Report Abuse

Already queueing ... ^^

Posted by Awesome > 2013-05-17 08:50 | Report Abuse

the price still will grow further.. trust me one lifted it fly beyond 0.15.. tp still 0.40

Posted by CityTrader > 2013-05-17 08:51 | Report Abuse

i will pick at the opening price.. probably 0.16

Posted by zombawie > 2013-05-17 08:52 | Report Abuse

this share looks strong today....more queueing at 0.15, this show that this share will go up.