I've been holding this share since Jan 2005 @ a cost of 1.18. Suffered a paper loss of 80% at the worst prices but now profitable again...a huge test of patience that I passed :D
if hengan want to takeover 100% in wangzng, why they didnt buy all the stakes owned by wangzng resources and macro-link in the first place? FYI wangzng resources and macro-link has remaining of 4million and 10.8million shares respectively, after share sale deal with hengan
syndicates, it is very clearly stated in the bursa ann. on 5th june .under page 7.(THE OFFEROR INTENDS TO MAINTAINCE THE LISTING STATUS OF WANG ZHENG ON THE MAIN MARKET OF BURSA SECURITIES)otherwise the share price will be stick at 1.14 like wing tai @1.80,
wangzheng market cap 240m only 0,842% of henagan hkd 53.8b market cap only, i think very positive for the future of wangzheng, just buy dont worry,i bot 700k @ cost 1.38, and i will buy somemore
1)If MGO goes through then all will only get the offered price. Then those who chased will suffer losses.
2) MGO will still be on provided the offer price revised higher. Like now above Rm1.60 or even more. Last round TMakmur raised MGO to Rm1.90 from Rm1.80. Same goes for TheStore Then all will be winners.
3. MGO might be called off as price now is far above offerred price. So MGO is called off and Wangzheng continues trading.
What will happen to WangZheng from then on?
Past scenarios are:
a) Tasek offered MGO at Rm3.80. But continues to be listed. Tasek rose to a high of Rm16.00
b) SSteel offered to take private at Rm2.20. Market chased it above Rm2.30. Southern Steel later called off MGO and price crashed below Rm1.00
c) Perak Corp MGO was Rm3.90 but shareholders rejected it. Perak Corp later crashed below Rm2.00
For WangZheng we are now into uncharted territories. Exciting to watch the madness of Mr. Market
Hangen already too over control of Wengzng after they bought 50.4 % @ 1.14 from the major shareholders of Wengzng and they intend to maintain the listing status of Wengzng. The offer for the remaining shares that they did not owned is just a Bursa formalities & there won't be any revision of MGO price. Calvin's arguments above are not relevant.
Posted by rikki > Jun 17, 2017 03:31 PM | Report Abuse
Hangen already too over control of Wengzng after they bought 50.4 % @ 1.14 from the major shareholders of Wengzng and they intend to maintain the listing status of Wengzng. The offer for the remaining shares that they did not owned is just a Bursa formalities & there won't be any revision of MGO price. Calvin's arguments above are not relevant.
See Calvin point number 3
3. MGO might be called off as price now is far above offered price. So MGO is called off and Wangzheng continues trading.
MGO will not be called off,the offeror will send the offer document to the sholders within 21days, after 9 june. then it depends on whether the sholders accept the offer of not.and of course the sholders would not accept it bcos the share price is much higher than the offer price @ 1.14
This sochai calvintaneng really sohai create few ID and give good comment to himself...without the ID that he created, all the comment are against him...rank 223 now rank 221...hip hoop hoorey!!
Calvin & Simon, kindly stop creating the impression that MGO may be called off & price may go down sharply. The takeover of Wengzng is already done & Hangen is now in control.
Hengan International is listed on the Stock Exchange of Hong Kong Limited with a market capitalisation of approximately HKD70 billion as at LPD. Hengan International group is involved in the manufacturing, distribution and sale of personal hygiene products, mainly in the People’s Republic of China.
The acquisition of Wang-Zheng Group will further enhance the overall growth of Hengan International group and is undertaken as part of its plan to expand its business operations and diversify its revenue stream outside the People’s Republic of China. Hengan International will seek to leverage on its extensive experience and work with the existing management team of Wang-Zheng to grow the Wang-Zheng Group.
Pursuant to the Shares Acquisition, Hengan Malaysia’s equity interest in Wang-Zheng increased from nil to approximately 50.4% (excluding treasury shares). The Offer is made pursuant to Section 218(2) of the CMSA and Paragraph 4.01(a) of the Rules wherein the Offeror is obliged to extend a mandatory take-over offer to acquire the Offer Shares.
OFFER DOCUMENT IN RELATION TO THE UNCONDITIONAL MANDATORY TAKE-OVER OFFER BY HENGAN (MALAYSIA) INVESTMENTS COMPANY LIMITED ("OFFEROR") THROUGH AMINVESTMENT BANK BERHAD ("AMINVESTMENT BANK") TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN WANG-ZHENG BERHAD (EXCLUDING TREASURY SHARES) NOT ALREADY OWNED BY THE OFFEROR ("OFFER SHARES") FOR A CASH OFFER PRICE OF RM1.14 PER OFFER SHARE ("OFFER")
Of course he say not fair, he holding large sum of it. This counter is pure goreng, u can see the price suddenly jump higher 4sen with just a small volume
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Posted by dompeilee > 2017-06-07 15:37 | Report Abuse
I've been holding this share since Jan 2005 @ a cost of 1.18. Suffered a paper loss of 80% at the worst prices but now profitable again...a huge test of patience that I passed :D