to get direct updates on the EGM, Search for s..t0--ck....bit ... for those who want info, can PM me to get the link to my coverage. unfortunately i3 bans sharing of links to other platforms who discusses these topics in more depth
On behalf of the Board, HLIB wishes to announce that pursuant to the SSA, the conditions precedent have been fulfilled in the SSA and hence it has become unconditional. Both SCGM and the Purchasers have mutually agreed that the completion is effective on 31 August 2022. The Disposal Consideration of approximately RM544.38 million was settled by the Purchasers on 30 August 2022. Accordingly, LSSPI ceased to be a subsidiary of SCGM Group.
Entitlement subject Special Dividend Entitlement description Special cash dividend of RM1.85 per ordinary share in SCGM Bhd Ex-Date 15 Sep 2022 Entitlement date 19 Sep 2022 Payment Date 29 Sep 2022
All shareholders can cash out with the disposal of LSSPI. WIll just keep the existing shares and see what will happen as already zero cost. Expecting last round of dividends for FY23Q1 since disposal is dated 30/08.
Congratulations to everyone who followed my sharing since early August. Big huat for you! Still got upside? Why up 10sen today? PM me to read my perspective on the corporate action in detail!
To be entitled for any of the above, you need to purchase the shares one trading day before the ex-Date. You will not be entitled for the above if you purchase the shares on ex-Date.
On ex-Date, the price will be adjusted to reflect the theoretical market price of the stock after the entitlement. You can sell the shares on / after ex-Date and still be entitled to the corporate exercise. The key is to purchase the shares before ex-Date.
You have to ask terence775, it's his work and his right to choose to share
terence775
to get direct updates on the EGM, Search for s..t0--ck....bit ... for those who want info, can PM me to get the link to my coverage. unfortunately i3 bans sharing of links to other platforms who discusses these topics in more depth
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
terence775
550 posts
Posted by terence775 > 2022-07-19 09:27 | Report Abuse
Ignore the noise, read the proposal yourself if you want to trade this.
Or you can PM me for my breakdown on the event