I assume @DickyMe might accidentally post at wrong thread? Don't think it is relevant to Tomypak :) But I'm seeking for DickyMe advice regarding his link share too.
I think DickyMe is trying to remind people that as much as one can have investment faith in any company, it is good to be watchful and bear in mind that things could just happen when one least expect. I don't think 'he' is targeting specifically at Tomypak. Cheers.
DickyMe It could happen to any company, that's the moral.
Pursuant to Paragraph 14.08, Chapter 14 of the Main Market Listing Requirements, the Director and also a substantial shareholder of Tomypak Holdings Berhad (“the Company” or “Tomypak”), Mr Yong Kwet On wishes to notify on his intention to deal in the securities of Tomypak during the closed period.
Mr Yong Kwet On’s current direct and indirect shareholdings in Tomypak are as follows:
Direct: 1,117,087 ordinary shares representing 0.267% of Tomypak's total number of shares issued.
Indirect: 80,202,752 ordinary shares representing 19.148% of Tomypak's total number of shares issued.
I have the feeling that Mr Yong might dispose all his Tomypak and Tomypak warrant to another new shareholder? It seems like gonna to have new shareholder replace Mr Yong's position at Tomypak BOD?
Thong Guan Industries, a Malaysian packaging products maker, is looking to buy a smaller rival in a deal that could be worth about 100 million ringgit ($23.27 million), its executive director said. Mr Yong's share worth around RM 100 million ringgit. Anyway Tomypak and Thong Guan are not direct rival. I'm just purely share news related to packaging industry in Malaysia.
PART F – PROCEDURES FOR DEALINGS 14.08 Procedure for dealings during closed periods An affected person who wishes to deal in the listed securities of his own listed issuer ("affected company") during a closed period must comply with the following procedures: FAQ 14.7 (a) before the proposed dealing, the affected person must give notice of intention to deal in writing to the affected company; FAQ 14.9 (b) upon receipt of such notice, the affected company must immediately announce to the Exchange, among others, the following information: (i) the affected person's current holdings of securities in the affected company; and (ii) the affected person's intention to deal in the securities of the affected company during a closed period; (c) the proposed dealing can only be effected after 1 full market day from the date of the announcement made pursuant to subparagraph (a) above; (d) the affected person must give notice of the dealing in writing to the company secretary of the affected company within 1 full market day after the dealing has occurred and the affected company must immediately announce such notice to the Exchange. The affected company must include the following in the notice and announcement: FAQ 14.10 (i) the date on which the dealing occurred; (ii) the consideration for the dealing; and (iii) the number of securities involved in the dealing, both in absolute terms and as a percentage of all issued securities of that class in the affected company; (e) a listed issuer must maintain a proper record of all notices received by it pursuant to subparagraph (d) above; and (f) the company secretary of a listed issuer must, at each meeting of the board of directors, table a summary of dealings notified to the listed issuer since the last board meeting.
"closed period" means a period commencing 30 calendar days before the targeted date of announcement up to the date of the announcement of the following to the Exchange – FAQ 14.1 (i) in relation to a listed issuer, its quarterly results; or (ii) in relation to a listed issuer which is a collective investment scheme, the quarterly results or annual reports of the collective investment scheme;
Direct: 1,117,087 ordinary shares representing 0.267% of Tomypak's total number of shares issued.
Indirect: 104,202,752 ordinary shares representing 24.88% of Tomypak's total number of shares issued.
Remarks: The indirect shareholding should be 104,202,752 ordinary shares representing 24.88% instead of 80,202,752 representing 19.148% as announced earlier on 17 July 2017.
I believe Mr Yong will dispose leftover 4 million unit of Tomypak warrant soon. It seems like Mr Yong will quit from Tomypak BOD. Let see who will replace his position.
So far Mr Yong still hold 105 million (around 25%) Tomypak share and 4 million (around 2.92%) tomypak warrant. I more concern his Tomypak share. If he plan to dispose all his Tomypak share and quit Tomypak BOD. Hopefully is someone experience at flexible packaging industry to replace his position.
"A new printing line has been installed and commissioned, and a new laminating line is being installed. Both of these two machine will commence commercial operation in 2nd quarter of FY 2017." Looking forward upcoming quarter report. Hopefully can see improvement of Revenue and PAT as what mentioned at annual report 2016.
With the completion of the new plant at the end of March 2017, the full operation of more advance and efficient printing and lamination machines in second quarter of 2017, the impending comprehensive realignment of both existing and new plant as well the upgrading of all supporting functions, the Group expects performance to improve."
If everything running smooth, conservative estimated eps for 2017Q2 should be around 1.7-2.0 sen and dividend is around 1 sen.
selling? Is there anything wrong with the counter that made the substantial shareholders sold their shares?
Friday, 7 Jul 2017
5:54PM TOMYPAK YONG KWET ON (1,000,000 units Disposed) 5:54PM TOMYPAK NEW ORIENT RESOURCES SDN. BHD. (1,000,000 units Disposed) 5:54PM TOMYPAK YONG KWET ON (1,000,000 units Disposed)
ESOS Options offered Up-to-date: 93.58% of ESOS Options offered (at RM 0.60) has been listing, left 259,538 units; 34.78% of ESOS Options offered (at RM 0.58) has been listing, left 90,000 units;
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
pc_FA
604 posts
Posted by pc_FA > 2017-07-07 23:49 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5480945
Largest shareholders dispose 1 million unit on 5 June 2017.