Posted by Cnlim > 2020-06-22 21:30 | Report Abuse

In your dream you can buy limit down price haha

Posted by Tyre220069 > 2020-06-22 21:32 | Report Abuse

Yes ,too many people are dreaming

Posted by Joma83 > 2020-06-22 21:43 | Report Abuse

Adoiiii too many noise lahhh... Just read more next time.. don't blatantly believe people comments

Posted by jackfruit > 2020-06-22 21:43 | Report Abuse

Your think today investors are stupid like seng seng ent. Sell at 1.80 . No 5.00 offer investors won't accept.

Posted by birkincollector > 2020-06-22 21:45 | Report Abuse

just formality.....they keeping it public

Posted by Britishshorthair > 2020-06-22 21:46 | Report Abuse

Dont need to sell. This move is to create panic and limit down. U buy rm 3 wanna sell rm 1.80 ah. Crazy. Its just paperwork only. High chance stagnant tommorow, unless someone pakat to dump shares massively to drop price

Posted by Chuah1995 > 2020-06-22 21:49 | Report Abuse

What I can said is there some purpose they buy at cheap one which in agreement, since Hextar director buying, mean they have big hope and planning on this Company

Everyone have their own view and opinion like kyy support comfort while director Hextar support rubberex, but maybe Seng Sheng may seem the rubberex is not good company so sell at cheap share price

Hextar rubberex may beneficiary rubberex by lower down their cost of production with supply lower rubber to produce maximum capacity glove - interelated company work together, logical thinking

Posted by Joma83 > 2020-06-22 22:07 | Report Abuse

Wake up and do some research. With the current demand of gloves and future projection how can a takeover be a negative thing.... Adoiiiii...

Posted by Matt2020 > 2020-06-22 22:09 | Report Abuse

Limit down? Good good Come come feed me please i'm hungry

Posted by Britishshorthair > 2020-06-22 22:27 | Report Abuse

Backdoor deal happening la. Rather than sell to him, at 1.80 i sell open market la. Sure got backdoor deal. Entrustment most probably

Posted by roger3210 > 2020-06-22 22:30 |

Post removed.Why?

Posted by High5 > 2020-06-22 22:30 | Report Abuse

KUALA LUMPUR, June 22 — Hextar Rubber Sdn Bhd and Hextar Global Bhd executive director Datuk Ong Choo Meng have collectively acquired a 20.63 per cent stake or 57.25 million shares in Rubberex Corporation (M) Bhd (Rubberex), at RM1.80 per share.

The parties had sealed the proposed deal with Seng Sheng Enterprise Sdn Bhd, Datuk Seri Chiau Beng Teik and Peh Lian Hwa.


Following the acquisition, the joint offerors’ collective equity interest in the company has increased to 139.22 million or approximately 50.18 per cent, from 81.97 million shares or 29.55 per cent previously, said Rubberex in a filing with Bursa Malaysia today.

It said the joint offerors are obliged to extend a mandatory takeover offer to acquire all the remaining 138.21 million Rubberex shares which are not already owned by them for a cash offer price of RM1.80 per share.


“In order to ensure the continued listing of Rubberex on the Main Market of Bursa Securities, Rubberex must satisfy the public shareholding spread requirement that at least 25 per cent of its total listed shares are in the hands of public shareholders.

“Bursa Securities may accept a percentage lower than 25 per cent of the total number of listed shares (excluding treasury shares) if it is satisfied that such lower percentage is sufficient for a liquid market of such shares,” it added. — Bernama

Posted by High5 > 2020-06-22 22:33 | Report Abuse

Seal Deal...?

Posted by bryan2003 > 2020-06-22 22:51 | Report Abuse

Hidden gem...

https://rfs.cgs-cimb.com/api/download?file=17C33388-4C23-4941-89F4-41F...

Posted by gsi723 > 2020-06-22 22:55 | Report Abuse

Aiyo.... minimal pun offer around 3.50/ 3.60....
If no money, don’t offer to take over.... what a shame 1.80

Posted by noobinvestor1313 > 2020-06-22 23:03 | Report Abuse

guys, stop with the bullshit and read the goddamn circular. ffs

Posted by KL Liew > 2020-06-22 23:08 | Report Abuse

will penic sell tomorrow?

Posted by gemfinder > 2020-06-22 23:13 |

Post removed.Why?

Posted by KL Liew > 2020-06-22 23:16 | Report Abuse

maybe big shark make u all ikan bilis scared then eat u all

Posted by MoneyChanger > 2020-06-22 23:19 | Report Abuse

who knows, may be limit up tomorrow ;)

Posted by investpeople > 2020-06-22 23:20 | Report Abuse

Another crazy day tomorrow

Posted by High5 > 2020-06-22 23:38 | Report Abuse

KUALA LUMPUR: Datuk Ong Choo Meng, who first emerged as a substantial shareholder in Rubberex Corp (M) Bhd in late February, is making a mandatory offer to take over the glovemaker at a steep discount to market price.

According to a filing with Bursa Malaysia today, Ong and his company Hextar Rubber Sdn Bhd is offering RM1.80 a share to buyout minority shareholders in Rubberex.


Shares in Rubberex were last traded at RM2.92 on Monday.

The unconditional mandatory takeover offer was triggered after Ong's stake in Rubberex was raised from 29.55% to 50.18%.

This was after he acquired on Monday an additional 57.248 million shares (20.63% of Rubberex) at RM1.80 each from Seng Sheng Enterprise Sdn Bhd (SSESB), Datuk Chiau Beng Teik and Peh Lian Hua via direct deals.

SSESB and Chiau, who is the executive chairman of Chin Hin Group Bhd, surfaced as substantial shareholders in Rubberex last month.

Rubberex, on May 4, had proposed to raise RM31mil via a private placement exercise of up to 22.52 million shares, at an offer price of RM1.23 sen a share.

Posted by High5 > 2020-06-22 23:39 | Report Abuse

If limit down...injustice to minorities share holders

Posted by High5 > 2020-06-22 23:40 | Report Abuse

Hextar limit up Rubberex might limit down...mayb ??

Posted by Britishshorthair > 2020-06-22 23:45 | Report Abuse

If serious to privatise, wont offer at 1.80 la. Normally people who wanna privatise offer +% above current market price. Good time to accumulate

Posted by Britishshorthair > 2020-06-22 23:50 | Report Abuse

Who sell would be not so smart la. Kena trapped by this gimmick. To privatise, its always a plus above current maeket price. If below market price means this is a gimmick. They offer below market because it is
mandatory. U tell a gold owner u wanna buy at 1 ringgit because you are required to tell. But looking at this, wont privatise la

Posted by Albukhary > 2020-06-22 23:52 | Report Abuse

erm... Maybe should sell ruberex and buy hextar.

Posted by Britishshorthair > 2020-06-22 23:52 | Report Abuse

Looking at this apek and aunty might sell la, they creating a scenario where it is good to accumulate. Same time when people say privatise, maybe share price goes up because they dont understand

Posted by Magnumloo > 2020-06-23 00:15 | Report Abuse

i agreed what Britishshorthair said,If privatise dont think will below market price, now is Datuk Ong wanted to buy our share, why should we sell to Datuk Ong with the price lower then market? right? just like developer wanted to buy over your property, can't be you sell to developer below market price. Its the same Theory, so why offer Rm 1.80 price? So that you wont selling your share out to let the BIG SHARK to bite your share. Those who scared and buy from lower price might throw their share and get the profit. Dont panic,stand steel and watch show tomorow. i believe after rain will be sunshine . My own opinion, trade on your own risk. Good luck shareholders

Posted by Britishshorthair > 2020-06-23 00:19 | Report Abuse

Lol, this is just a must do statement , behind scene why they sell low price another story. If market 3 why sell at 1.80? Maybe hutang to be paid, or another 1.20 paid in cash to clean money... speculation...

Posted by KL Liew > 2020-06-23 00:28 | Report Abuse

Hextar maybe fly tomorrow

Posted by Magnumloo > 2020-06-23 00:28 | Report Abuse

Yea,no one know behind the scene Only them.Tomorow will have a good show. =)

Posted by stanleyong > 2020-06-23 00:34 | Report Abuse

Mr.Koon YY in one of his article last week mentioned that he spoke to the MD of Rubberex. I suspect the price of Rubberex was slowed down a bit to allow him to acquire a meaningful stake in the company. Expect more excitement from Rubberex soon.

Posted by MoneyChanger > 2020-06-23 00:54 | Report Abuse

seem will hv panic selling tomorrow

Posted by mf > 2020-06-23 07:12 | Report Abuse

Hextar Rubber's Ong makes takeover offer for Rubberex at a steep discount
CORPORATE NEWS
Monday, 22 Jun 202010:25 PM MYT

Posted by nickthebest > 2020-06-23 08:04 | Report Abuse

gg jor

Posted by DRwarrant > 2020-06-23 08:27 | Report Abuse

Argghhhh.....
BE GREEEEDY while others in shiveringg

Posted by nooramir > 2020-06-23 08:29 | Report Abuse

https://www.theedgemarkets.com/article/hextar-rubber-acquires-more-stake-rubberex-triggers-mandatory-takeover

"The offer is not conditional upon any minimum level of acceptances as they already hold more than 50% of the voting shares in Rubberex.

The offerors, however, intend to maintain the listing status of Rubberex on the Main Market of Bursa Malaysia."

Posted by OKU_2020 > 2020-06-23 08:34 | Report Abuse

Booo CHOWW Ccccc

Posted by Effendy Tay > 2020-06-23 08:48 | Report Abuse

After acquiring the shares at 1.80, it's the advantage to boost higher prices in the open market to enrich the company interest rather than lower down the market with vision to upgrade market capitalisation. Ridiculous to think to lower the open market. My 2 cts believe may not be right but common sense will say it's just not like.

Posted by topglove2 > 2020-06-23 08:55 | Report Abuse

it's good to buy at rebound. long term shareholder always buy at discount so don't worry about it

Posted by 晓雨霖 > 2020-06-23 09:08 | Report Abuse

throw ruberex convert to comfort

Posted by Pin4TheWin > 2020-06-23 09:14 | Report Abuse

banyak potential for ruberex

Posted by MoneyChanger > 2020-06-23 09:14 | Report Abuse

how come no panic selling?

Posted by 晓雨霖 > 2020-06-23 09:14 | Report Abuse

big shareholder want buy back at 1.8 only ....run

Posted by 晓雨霖 > 2020-06-23 09:15 | Report Abuse

fast convert comfort

Posted by 晓雨霖 > 2020-06-23 09:15 | Report Abuse

go to comfort now!!!!!!!!!!!!!!!!!!

Posted by tom2629 > 2020-06-23 09:17 | Report Abuse

What kind of Fçked up take over offer is this RM1.80 and it is unconditional mandatory"" too.???
Rubberex must owe ahlong Hectar money. Now claiming back.

Posted by 晓雨霖 > 2020-06-23 09:18 | Report Abuse

Fast throw go to comfort !!!!! rubbish management want buy cheap from you

Posted by Pin4TheWin > 2020-06-23 09:19 | Report Abuse

WOOOHOOOO!! green green liao