After reading through the notice to take over ,it is in fact a requirement for them to extend the unconditional mandatory take over to other shareholders at the same price of rm1.80 because they acquired from a majority shareholder and their shareholding us more then 50%, other remaining shareholders can just reject it and it is a non Event
Cindy 22 Jun 2020 RUBEREX SENG SHENG ENTERPRISE SDN. BHD. (24,600,000 units Disposed) At what price ? today 22nd June total volume only 7500 k lot close RM 2.92
22-Jun-2020 Disposed 24,600,000 Nature of Interest Direct Interest Shares Ordinary shares Reason Dispose 24,600,000 ordinary shares in the capital of Rubberex Corporation (M) Berhad via Direct Business Transaction (DBT).
It is just mandatory by law requires the parties who acquire more then 50 % to offer to the remaining shareholders at the same price of rm1.80. It is a non event ,done innocent shareholders vwill sell at rm1.80 ,better collect it if the are so innocent
Once trigger 33% threshold, controlling shareholder is obliged to offer the same price to minority shareholders. Minority shareholders can either accept or reject the offer.
Other share holder agree sell 1.80 or any price...... Now 2.92...... This is create sell panic to small fish... Than will eat eat before Qr report out than push sekali kaw kaw
The new controlling shareholder with advice from financial advisor/consultant will pay fair price for a business, which is RM1.80. But stock market is irrational, it's supply and demand pricing. As long as people wants to owns this share, the price will be going up as demand is high.
Rubberex currently has production capacity of approximately 1.0bn pieces of nitrile gloves per year and is on track to increase double their capacity by additional 1.0bn pieces in coming months to capture the surge in demand. The capacity expansion is funded by the recent completion of private placement last month.
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....
skyhin
523 posts
Posted by skyhin > 2020-06-22 15:14 | Report Abuse
Due to Qr report no out yet... Comfort current is leading top 5 after top 4.....