MAGMA GROUP BERHAD

KLSE (MYR): MAGMA (7243)

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Last Price

0.21

Today's Change

+0.005 (2.44%)

Day's Change

0.205 - 0.21

Trading Volume

328,700


3 people like this.

3,303 comment(s). Last comment by Seow8888 6 days ago

Posted by godhand1234 > 2019-02-21 11:46 | Report Abuse

Wish u good luck 10c

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-21 11:54 | Report Abuse

Actually, 8c is okay already

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-21 11:55 | Report Abuse

Unless dato farou brought the remaining 2b private placement, 10c wouldn't be an issue.

hkhk

2,066 posts

Posted by hkhk > 2019-02-21 12:12 | Report Abuse

Congrat. Let see how far can it goes

Posted by SingInvestor > 2019-02-21 12:25 | Report Abuse

EGM closed and all resolutions 100% approved. Now just need to wait for the management to do their job.

Speed123

763 posts

Posted by Speed123 > 2019-02-21 12:30 | Report Abuse

Look like operator got time main main now. Compare to 0.035 that time. Lol

fkser

622 posts

Posted by fkser > 2019-02-21 13:28 | Report Abuse

Goreng Time

hkhk

2,066 posts

Posted by hkhk > 2019-02-21 13:31 | Report Abuse

Lets see how strong is the operator. Anyone lnows the PP price?

Posted by Yang Addison > 2019-02-21 13:41 | Report Abuse

WHO attend egm?

iceiscool

53 posts

Posted by iceiscool > 2019-02-21 13:47 | Report Abuse

what will happen to the price?

Speed123

763 posts

Posted by Speed123 > 2019-02-21 14:04 | Report Abuse

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))
Description BIO OSMO BERHAD ("BIO OSMO" OR THE "COMPANY")

RECEIPT OF NOTICE OF UNCONDITIONAL MANDATORY TAKE-OVER OFFER FROM KENANGA INVESTMENT BANK BERHAD ON BEHALF OF DATO SERI ISMAIL @ FAROUK BIN ABDULLAH AND IMPIANA SDN BHD (COLLECTIVELY, THE "JOINT OFFERORS")
The Board of Directors of Bio Osmo wishes to announce that the Company has, on 21 February 2019, received a notice of unconditional mandatory take-over offer (“Notice”) from Kenanga Investment Bank Berhad, on behalf of the Joint Offerors, to acquire all the remaining ordinary shares in Bio Osmo not already held by the Joint Offerors and persons acting in concert with them (“Offer Shares”) for a cash consideration of RM0.05 per Offer Share.

A copy of the Notice is attached herewith. The Notice will be posted to the shareholders of Bio Osmo within 7 days of its receipt.

davidkkw79

5,068 posts

Posted by davidkkw79 > 2019-02-21 14:29 | Report Abuse

0.05 .... = = Holland

Speed123

763 posts

Posted by Speed123 > 2019-02-21 14:37 | Report Abuse

Insider say hold

hkhk

2,066 posts

Posted by hkhk > 2019-02-21 14:38 | Report Abuse

Wait company offer higher price?

Speed123

763 posts

Posted by Speed123 > 2019-02-21 14:54 | Report Abuse

Ya. Now just a datuk take over. They say flying soon.

lbp83

168 posts

Posted by lbp83 > 2019-02-21 14:56 | Report Abuse

Game start now

hkhk

2,066 posts

Posted by hkhk > 2019-02-21 15:05 | Report Abuse

Any tp this time?

tingkap

913 posts

Posted by tingkap > 2019-02-21 15:24 | Report Abuse

bio osmo berhad change to impiana hotel berhad in line with their business from water bottle to hotel.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=92675&name=EA_GA_ATTACHMENTS

https://www.impiana.com.my/?1=4?Hotelnames=asimpiana&d=30d-xppc&partner=FB-PACK-PPC-15&campaignId=628941739|26336950497|kwd-kwd-45812397503&gclid=CjwKCAiAkrTjBRAoEiwAXpf9CTYjH0HOxf7rzoCBy27E-gx9yYYyYEaQ9CwTw16SxmSJvio3aZGtVxoCq6oQAvD_BwE

hkhk

2,066 posts

Posted by hkhk > 2019-02-21 16:07 | Report Abuse

Hopefully...

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-21 20:32 | Report Abuse

It is not compulsory to sell to the dato farouk.

Posted by SingInvestor > 2019-02-21 20:58 | Report Abuse

Speed123, Dato Farouk now wish to take over RM0.05 per Offer Share????? Now price is RM 0.065 and want us to sell him????
Can we don`t accept his offer?

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-21 21:24 | Report Abuse

we can become the minority that reject his offer.

Posted by SingInvestor > 2019-02-21 21:49 | Report Abuse

Great to hear it.

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-21 23:18 | Report Abuse

I read through number of times.
I may or may not aacept the offer. It is written clearly under the notice.

Posted by Yang Addison > 2019-02-21 23:52 | Report Abuse

will delisted????

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-22 00:19 | Report Abuse

No la. Change name saja.

Speed123

763 posts

Posted by Speed123 > 2019-02-22 08:40 | Report Abuse

seriously, Dato Farouk take over RM0.05 per Offer Share. had done few weeks ago.
i don't know why they yesterday only announce.
to bait us sell to collect more ? maybe
anywhere, we alr in last stage now .. so hold on it . wait for the final step. is coming. flying soon !
good luck all

Speed123

763 posts

Posted by Speed123 > 2019-02-22 08:54 | Report Abuse

scjm: well said .
is not like we haven't been at 0.035 rite . lol

Posted by machamerican > 2019-02-22 09:09 | Report Abuse

dont u guys understand MGO???

Posted by machamerican > 2019-02-22 09:10 | Report Abuse

dato farok have to do the MGO coz his shateholdings crossed the threshold takeover code la. he also doesnt want to buy from us if he can

Posted by SingInvestor > 2019-02-22 09:32 | Report Abuse

Thank for sharing then we just have to hold it . As now the buy and sell mostly it’s by his own share. ^_^

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-22 09:32 | Report Abuse

not necessary sell to him right ?

hkhk

2,066 posts

Posted by hkhk > 2019-02-22 09:38 | Report Abuse

collect more at 5c lo

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-22 09:43 | Report Abuse

wait ppl sell at 5.5c hahha

Posted by machamerican > 2019-02-22 10:03 | Report Abuse

under takeover code have to be same price with the acquisition price which is 5 sen per share

hkhk

2,066 posts

Posted by hkhk > 2019-02-22 10:15 | Report Abuse

after MGO, Bio need to spread the requirement 25% to public through PP?

Posted by Yang Addison > 2019-02-22 11:24 | Report Abuse

hope so

lbp83

168 posts

Posted by lbp83 > 2019-02-22 11:41 | Report Abuse

tp is 20cents?

Speed123

763 posts

Posted by Speed123 > 2019-02-22 11:52 | Report Abuse

We refer to the above matter.



Pursuant to Rule 19.04 of the Rules on Take-Overs, Mergers and Compulsory Acquisitions, Kenanga Investment Bank Berhad (“Kenanga IB”) wishes to announce that Kenanga IB, being the principal adviser to the Joint Offerors, has dealt in Bio Osmo Shares for its proprietary account on 21 February 2019, details of which are as follows:



Transaction

Account

Price (RM)

No. of Bio Osmo Shares

Buy

Kenanga IB

0.065

1,000,100

Total

1,000,100

Sell

Kenanga IB
0.065
1,000,100

Total
1,000,100



This announcement is dated 22 February 2019.

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-22 11:57 | Report Abuse

Why buy n sell at 6.5c? Doesn't make sense until it is purpose to mislead.

Posted by machamerican > 2019-02-22 15:00 | Report Abuse

still long way to go before see bio profitable. have to complete the acquisition only acc will consol with impiana. need few more quarters

hkhk

2,066 posts

Posted by hkhk > 2019-02-22 15:32 | Report Abuse

Like that kena sell first and buy back later lo

Posted by SingInvestor > 2019-02-22 15:36 | Report Abuse

Well said, As their resort and hotel will be fully operate by 2022. So if can`t hold till then and if win a good 10 - 20 % profit then should not hold it. I shall think myself as a Investor to buy their Villa and then lease back to them. From build it till start to collect rental will take around 3 years and just nice is 2022. ;)

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-22 17:07 | Report Abuse

actually, their malaysia operation do very poorly.

their main flagship cherating are currently under development (operational 2021)

the only profitable is impiana management who got management fee from their impiana overseas oversea.

do note that dato farouk only inject the malaysia operation into the bioosmo, not the entire impiana group. the one that did very good is the Thailand and Indonesia part.

other than that, all malaysia hotel dont do that good.

ck_eyong

141 posts

Posted by ck_eyong > 2019-02-22 17:09 | Report Abuse

if i am investor, i will reject the 5c call until the day of injection, sell it at early hour and end my relationship with impiana. that's it.

dont really plan to become long-term investor with impiana unless dato farouk inject his overseas hotel branch into it.

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