Posted by Yang Addison > 2019-03-20 16:24 | Report Abuse

yalor

Posted by hkhk > 2019-03-22 09:38 | Report Abuse

5c mari

Posted by POONJ > 2019-03-26 15:04 | Report Abuse

https://www.klsescreener.com/v2/news/view/507873

Posted by SingInvestor > 2019-03-26 22:00 | Report Abuse

KUALA LUMPUR: Bio Osmo Bhd shareholders have been told to reject the takeover bid launched by its largest shareholder, Datuk Seri Farouk Abdullah, which has been deemed “not fair and not reasonable” by independent adviser DWA Advisory Sdn Bhd.

In an independent advice circular issued yesterday, DWA Advisory said the offer price of five sen is considered not fair as it is lower than the estimated valuation based on the sum-of-parts valuation method of six to seven sen per share in Bio Osmo, representing a discount of 16.7% and 28.6%.

The offer price also represents a discount of about 23.1% over the closing price of Bio Osmo as at the last full trading date (LFTD). It also represents a discount of 16.3%, 7.9% and 1.8% against the five-day, one-month and three-month’s volume weighted average market price of up to the LFTD, said DWA Advisory.

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The offer is also not reasonable, it said, considering that the offeror intends to maintain the listing status of Bio Osmo and does not intend to invoke the provisions of Section 222 (1) of the Capital Markets and Services Act 2007 (CMSA) to compulsorily acquire any outstanding offer shares for which valid acceptances have not been received prior to the closing date.

“Premised on the above evaluation, DWA Advisory is of the opinion that the offer is not fair and not reasonable,” it added.

To recap, Bio Osmo had on Feb 21 said the mandatory takeover offer by Farouk to acquire the rest of the shares in the group he does not own has turned unconditional, following the approval given by the group’s shareholders during an extraordinary general meeting.

Bio Osmo, whose principal business is in the processing, manufacturing and selling of drinking water, is expected to rebrand into a hospitality business after Farouk injected hotels parked under his private vehicles into the group, effectively triggering a mandatory general offer.

The group had, in April 2018, signed six share sale agreements to acquire hotels under the Impiana brand in Kuala Lumpur, Ipoh, Cherating, commercial land in Pangkor, as well as the hotel management company of Impiana, for a total purchase consideration of RM425.9 million.

The proposed acquisition entails the issuance of 4.8 billion consideration shares, 3.2 billion consideration irredeemable convertible preference shares, and a cash payment of RM25.9 million.

Upon receipt of the consideration shares, Farouk’s shareholdings in Bio Osmo will increase to more than 33%, from 19.61% currently. With the completion of these proposals, Bio Osmo plans to change its name to Impiana Hotels (Malaysia) Bhd.

Posted by SingInvestor > 2019-03-26 22:28 | Report Abuse

Hopefully, One more week it will name Impiana Hotels (Malaysia) Bhd and on April will come out a good Quarterly report with Positive Profit. At the end of the day who will pay so much $$$ and time to do all the take over with 5 Cents deal?????? Just my 2 cents of sharing. Have a good night ahead.

Posted by Takashi > 2019-03-26 23:48 | Report Abuse

@poonj n singinvestor
u guy still hold bioosmo share ??? as i know farod had hold 89% share already . i guest farod will sucess

Posted by Yang Addison > 2019-03-27 00:28 | Report Abuse

really？

Posted by POONJ > 2019-03-27 05:39 | Report Abuse

@takashi I still hold... Anyway nothing to worried the prices are limit to going lower just hold and see what farod will doing!

Posted by hkhk > 2019-03-27 09:38 | Report Abuse

die die hold lo. as long as remain listed ada chance

Posted by hkhk > 2019-03-27 14:43 | Report Abuse

naik tak mau. turun pun tak mau. apa lu mau le

Posted by SingInvestor > 2019-03-27 17:04 | Report Abuse

100000% Agree


POONJ @takashi I still hold... Anyway nothing to worried the prices are limit to going lower just hold and see what farod will doing!
27/03/2019 5:39 AM

hkhk die die hold lo. as long as remain listed ada chance
27/03/2019 9:38 AM

Posted by hkhk > 2019-03-29 22:21 | Report Abuse

Kasi 5c first le

Posted by Takashi > 2019-03-30 23:01 | Report Abuse

up trade coming

Posted by POONJ > 2019-03-31 18:51 | Report Abuse

Takashi up trade coming
Hopefully....

Posted by hkhk > 2019-04-01 09:43 | Report Abuse

need time le

Posted by mey1510 > 2019-04-01 10:14 | Report Abuse

buy or not??

Posted by hkhk > 2019-04-01 12:52 | Report Abuse

not god le

Posted by 692718720 > 2019-04-01 22:22 | Report Abuse

buy buy ... who is the big boss ...

Posted by hkhk > 2019-04-02 09:49 | Report Abuse

dare dare buy

Posted by Yang Addison > 2019-04-02 18:41 | Report Abuse

when Change company name？

Posted by iceiscool > 2019-04-02 18:45 | Report Abuse

if change company name, the stock we still hold will change as well?

Posted by Yang Addison > 2019-04-02 21:49 | Report Abuse

ask God

Posted by Kc Teh > 2019-04-03 16:20 | Report Abuse

what is you all average value now? I enter at 0.055, low side risk seem pretty small. big bosses subscribe at 0.05. if drop below that everyone also rugi together, no worries.

Posted by Yang Addison > 2019-04-03 16:27 | Report Abuse

yalor

Posted by Yang Addison > 2019-04-04 11:27 | Report Abuse

no show anymore？

Posted by hkhk > 2019-04-04 15:59 | Report Abuse

Have to wait lagi

Posted by SingInvestor > 2019-04-04 22:28 | Report Abuse

Great job all shareholder that all of us have rejected the offer. http://www.bursamalaysia.com/market/listed-companies/company-announcements/6116689

Posted by ck_eyong > 2019-04-04 23:07 | Report Abuse

Farouk only decision now is buy at market price.

Posted by Speed123 > 2019-04-05 08:33 | Report Abuse

Farouk alr knew it. he had been collecting 0.055 since last mth.
we all knew this stock will fly one day
question is when ? 1mth, 6 mth, 1 year ?
we can do alot with our money within that period.

but still keeping mine @0.035 & 0.04 ^^

Posted by Yang Addison > 2019-04-05 09:25 | Report Abuse

any announcement of take over action？

Posted by ck_eyong > 2019-04-05 09:32 | Report Abuse

The only question here will farouk ditch his plan to RTP because it seems more expansive or go more direct listing which is cheaper?

Posted by Backwardthink99 > 2019-04-05 09:55 | Report Abuse

PWF (7134) faster buy before it goes up

Posted by Speed123 > 2019-04-05 09:58 | Report Abuse

coming is real. 2nd scomi in the making .
next week 11/4/19 stay tune.

Posted by lbp83 > 2019-04-05 10:01 | Report Abuse

大股东不高兴，直接抛售就会死完

Posted by hkhk > 2019-04-05 10:16 | Report Abuse

slow slow up better

Posted by hkhk > 2019-04-05 11:01 | Report Abuse

big boss no need our shares. he is fully controlled the company with his shares holding lo

Posted by SingInvestor > 2019-04-05 11:10 | Report Abuse

Those who is new here. I mention before that think like a business owner and you don’t put so much money, effort and time to do a business and let it failed. But any business take time to see it ROI so if you want fast $$$ and this may not be the counter you are looking for and just my personal sharing. Have a greats Friday and weekend ahead. ;)

Posted by ck_eyong > 2019-04-05 12:02 | Report Abuse

Yaaaa. True

Posted by hkhk > 2019-04-05 14:38 | Report Abuse

don worry. sudah lama tunngu. keep on tunggu lo

Posted by Shinnzaii > 2019-04-05 16:16 | Report Abuse

Aiyo...why reject?revenue already decreased and how many more loss incurred to showed inability of management of BIO OSMO BHD...cannot do then let other that can do to do it...hehe

Posted by Alvin Chengyi > 2019-04-05 16:18 | Report Abuse

Guys..please do some maths..Farouk use about 10mil to become major shareholders..now sell his biz about 400mil including 25mil cash..how much he earn liao?
Also he now having 80%++ holdings in Bioosmo..what’s your next step if you r dato Farouk?

Posted by hkhk > 2019-04-05 16:59 | Report Abuse

What is ur opinion

Posted by Kc Teh > 2019-04-05 19:47 | Report Abuse

18 % in one week, happy enough.

Posted by ck_eyong > 2019-04-06 08:03 | Report Abuse

80% of bio Osmo? Prove it

Posted by Yang Addison > 2019-04-06 12:06 | Report Abuse

mean delisted？

Posted by Yang Addison > 2019-04-07 12:27 | Report Abuse

any announcement

Posted by SingInvestor > 2019-04-07 21:40 | Report Abuse

Alvin Chengyi Guys..please do some maths..Farouk use about 10mil to become major shareholders..now sell his biz about 400mil including 25mil cash..how much he earn liao?
Also he now having 80%++ holdings in Bioosmo..what’s your next step if you r dato Farouk?
05/04/2019 4:18 PM

ANSWER:

I will leave a Legacy behind to all my Future generation with a Listed Company call Impiana Hotels (Malaysia) Bhd that may grow in to a BLUE Chip stock like SHANGRI-LA HOTELS MALAYSIA BHD.

Hope my answer is correct.

Posted by hkhk > 2019-04-08 09:21 | Report Abuse

wow. big vision

Posted by Yang Addison > 2019-04-08 10:43 | Report Abuse

Price struck？

Posted by hkhk > 2019-04-08 13:27 | Report Abuse

kena wait big boss good mood lo