Posted by apasajalah > 2016-09-08 16:37 | Report Abuse

they are buying big portions of the company shares maaa...

Posted by kt99 > 2016-09-08 16:39 | Report Abuse

they use 1.45 to buy those should have bigger plan for it, bright for long term

Posted by DrBursa > 2016-09-08 17:09 | Report Abuse

Century kena con by korean....akin to train to busan...board a train full of bloodsucking zombie

Posted by shidayea > 2016-09-08 17:16 | Report Abuse

ESOS banyak untung..

Posted by newbiebie > 2016-09-08 17:29 | Report Abuse

just so confusing....if a huge chunk transacted at 1.45, surely the rpice should head towards that

Posted by newbiebie > 2016-09-08 17:29 | Report Abuse

instead after news it head south

Posted by newbiebie > 2016-09-08 17:29 | Report Abuse

so so cuntfuse

Posted by newbiebie > 2016-09-08 17:32 | Report Abuse

if the sharks have already collected past few days, they could easily push to the 1.45 mark following announcement. So why play it down?

Posted by sayangawak > 2016-09-08 17:36 | Report Abuse

RUGI RM200k!!yamahai

Posted by apasajalah > 2016-09-08 17:39 | Report Abuse

the transaction @1.45 not done yet...., agreement valid till 31st October...., they may or may not proceed with the agreement....so still got time!!

Posted by Jeremykid > 2016-09-08 17:40 | Report Abuse

good question @newbiebie. I believe all started throwing once they saw the price red after open, take profit. Then all continue throw funny

Posted by newbiebie > 2016-09-08 17:49 | Report Abuse

I believe round 2 coming up soon. No fear of UMA

Posted by Gen2 > 2016-09-08 17:49 | Report Abuse

folks, bear in mind this announcement is not take over the WHOLE company, it is merely buy and sell portion of the company shares, meaning to say the buyer and seller can agreed at whatever price they found suit BUT NOT necessary offer the same to others shareholder.

Posted by newbiebie > 2016-09-08 17:52 | Report Abuse

Since the deal is not inked yet, it could still go up or down if the deal is aborted

Posted by DrBursa > 2016-09-08 18:07 | Report Abuse

Century kena conned by korean....like train to busan...board a train full of bloodsucking zombie

Posted by PlsGiveBonus > 2016-09-08 18:15 | Report Abuse

Price drop?
Bad news?

Posted by lching > 2016-09-08 18:15 | Report Abuse

no limit up as expected.

Posted by PlsGiveBonus > 2016-09-08 18:16 | Report Abuse

44m traded compare to 26m yesterday
Bad news coming.

Posted by cynachen > 2016-09-08 18:32 | Report Abuse

Korean oppa becomes Major shareholders, risks include change of management team, change in dividend payout policy etc etc, so those on board 5 stars presidential suites, pray hard the conditions of the agreement is good for the company...

Posted by PlsGiveBonus > 2016-09-08 18:34 | Report Abuse

Director quietly sold their portion at the premium price?

Posted by cooling > 2016-09-08 18:53 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/09/08/century-logistics-falls-as-cj-korea-not-extending-takeover-offer/

Posted by cooling > 2016-09-08 18:54 | Report Abuse

game over la haha...not for public

Posted by PlsGiveBonus > 2016-09-08 18:59 | Report Abuse

Director wallop all the profit
:(

Posted by PlsGiveBonus > 2016-09-08 19:16 | Report Abuse

Minority become atm machine to director?

Posted by sayangawak > 2016-09-08 19:16 | Report Abuse

tomorrow rebound..insider

Posted by Lim123 > 2016-09-08 19:20 | Report Abuse

Any bad news? If no bad news, share price drop, feel funny le.

Posted by DrBursa > 2016-09-08 19:23 | Report Abuse

Pls read the stars article.....then u understand why

Posted by PlsGiveBonus > 2016-09-08 19:23 | Report Abuse

director or cj Korea want to buy cheap from open market?

Posted by Fat Cat Tim Buddy > 2016-09-08 19:24 | Report Abuse

https://www.youtube.com/watch?v=xbVw7entkxg

Posted by Lim123 > 2016-09-08 19:25 | Report Abuse

What article? Share by cooling?

Posted by firehawk > 2016-09-08 19:26 | Report Abuse

This is what 31.44% means .. .

Posted by Gen2 > 2016-09-08 19:27 | Report Abuse

It is still unclear to the public that whether CJ Korea wanted to have controlling stake or just be an investor while helping them to synergize their logistics arm in Malaysia.

Posted by PlsGiveBonus > 2016-09-08 19:29 | Report Abuse

I feel the share price will be continued to be pressured until the good result is announced.
Then there is hope for price to moving north.

Posted by necro > 2016-09-08 19:55 | Report Abuse

http://www.theedgemarkets.com/my/article/south-korea’s-cj-korea-express-emerges-largest-

Posted by necro > 2016-09-08 19:55 | Report Abuse

Stake buy not take over...

Posted by belkg > 2016-09-08 20:01 | Report Abuse

the report out price at 1.43.but deal only confirm in Oct.any comment on today down prices

Posted by necromancer > 2016-09-08 20:06 | Report Abuse

....is it looking at Century's domestic or global network??....does cjkorea have footprints in China's distribution network??...

Posted by T1T4N > 2016-09-08 20:11 | Report Abuse

The selldown today is due to non MGO trigger at rm1.45.
Hence the contra sellers have to throw today.

Having said that, it is still super undervalue. With biggest logsitic in Korea as partner, and potential MGO in future (2 more % shares to trigger), extremely good bet to buy when it is low.


PS: bought at 80sen and still holding. Added 98 sens and 99sens today.

Posted by cooling > 2016-09-08 20:31 | Report Abuse

super undervalued?....haha laugh die me....everyone just bought because of the off market deal of 1.45/share la....now none for minority share holder means game over la...no more catalyst..now move next counter.....T4 will be incoming...

Posted by muscular > 2016-09-08 20:35 | Report Abuse

Scam counter.. Those who chased yesterday afternoon sesion, x habis habis run for life

Posted by firehawk > 2016-09-08 20:37 | Report Abuse

Thks cooling ... will observe the t4 ....

Posted by cooling > 2016-09-08 20:53 | Report Abuse

serve the insider traders right ....kena conned kaokao...it is clear that this deal is only for major shareholder...the price will continue to be pressured until the next few quarters prove to be good...else it is just another ordinary logistics counter

Posted by Buy1sell2 > 2016-09-08 20:59 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/09/08/century-logistics-falls-as-cj-korea-not-extending-takeover-offer/

Posted by cooling > 2016-09-08 21:03 | Report Abuse

greatful...this is off market deal...there could be something sweeten things for them to pay this price...having said that..it doesn't mean the company is worth this much

Posted by necro > 2016-09-08 21:04 | Report Abuse

This is not take over friends,its stake selling by 3 Century substantial shareholder so CJ KOREA EXPRESS will use Century as backdoor to present in South East Asia region...so Century will still listed but substantial shareholder change...
RM1.45 is value that is quite high plus RM21MILLION material lig. by Nestle Malaysia

Posted by necro > 2016-09-08 21:04 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/09/08/century-logistics-falls-as-cj-korea-not-extending-takeover-offer/



KUALA LUMPUR: Century Logistics Holdings Bhd's share price closed at 96.5 sen on Thursday after CJ Korea Express Asia Pte Ltd bought a 31.44% stake at RM1.45 a share but did not extend the offer to minority shareholders.

The premium at which CJ Korea was buying the 120.54 million shares from Datuk Phua Sin Mo, Datin Lee Lay Hun, Pamela Phua Jo Lyn and Chai Mee Young, was 40.5% above Wednesday's closing price of RM1.03.

Century Logistics' share price fell to a 94 sen when it resumed trading in the afternoon session on Thursday. There were 44.02 million shares done at prices ranging from 94 sen to RM1.04.

CJ Korea Express Asia is a member company of CJ Korea Express Corporation (CJKX), the largest logistics provider in Korea with a diversified business portfolio offering integrated logistics solutions to both local and global customers.

CJKX, which is listed on the Korea Exchange, has a market capitalisation of 4.5 trillion won (about US4.1bil) and global revenues of 5.1 trillion won (US$4.6bil) for financial year ended Dec 31, 2015. CIMB Investment Bank Bhd is the financial adviser to CJKX for this transaction.

Posted by necro > 2016-09-08 21:06 | Report Abuse

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=C&securityCode=7117

Posted by necro > 2016-09-08 21:09 | Report Abuse

If you look @ today volume its clear that seasoned investor in this counter dispose proceed from this news...

Posted by cooling > 2016-09-08 21:27 | Report Abuse

that concludes...Game Over....next few trading days will trade sideways and price will down further due to force selling....and next week long holiday will down even more...

Posted by Fat Cat Tim Buddy > 2016-09-08 21:28 | Report Abuse

Aiya.. aiya!! ahhhh!! no ahh no ahh!!