22-May-2020 Insider DATO' LEONG KOK WAH (a substantial shareholder) disposed 30,000,000 shares on 22-May-2020.
22-May-2020 Insider MR LIEW TIAN XIONG (a substantial shareholder) disposed 10,000,000 shares on 22-May-2020.
22-May-2020 Insider ECO WORLD DEVELOPMENT HOLDINGS SDN. BHD. (a substantial shareholder) disposed 30,000,000 shares on 22-May-2020.
22-May-2020 Insider TAN SRI ABDUL RASHID BIN ABDUL MANAF (a substantial shareholder) disposed 30,000,000 shares on 22-May-2020.
Total Disposed 100,000,000 shares Approximately 3.4% of total shares After share buy back, Major share holders will hold Approximately 78.07% exceed 75% 78.07%-75%= 3.07% In such an event, Sinarmas Harta Sdn Bhd will be required to undertake a mandatory offer pursuant to the Code. This the reason why they disposed their shares today. They need to make sure their shares are not exceed 75% in order . Now, Ecoworld Development Group Berhad is eligible to buy back their own shares. Hope they will press down the press first so that I have second chance to re-enter.
According to their Share Buy Back Proposal Statement, (price 0.410 )there is an extreme dislocation between their company’s share price as compared to their group’s latest unaudited net asset per share of RM1.55 as at 31 January 2020, arising from the precipitous fall in share prices.
It was my mistake to sell my shares due to panic and the negative market sentiment today.
22-May-2020 Insider DATO' LEONG KOK WAH (a substantial shareholder) disposed 15,000,000 shares on 22-May-2020. 22-May-2020 Insider MR LIEW TIAN XIONG (a substantial shareholder) disposed 10,000,000 shares on 22-May-2020. 22-May-2020 Insider ECO WORLD DEVELOPMENT HOLDINGS SDN. BHD. (a substantial shareholder) disposed 15,000,000 shares on 22-May-2020. 22-May-2020 Insider TAN SRI ABDUL RASHID BIN ABDUL MANAF (a substantial shareholder) disposed 15,000,000 shares on 22-May-2020. 22-May-2020 Insider MR LIEW TIAN XIONG (a company director) disposed 10,000,000 shares on 22-May-2020. 22-May-2020 Insider TAN SRI ABDUL RASHID BIN ABDUL MANAF (a company director) disposed 15,000,000 shares on 22-May-2020. 22-May-2020 Insider DATO' LEONG KOK WAH (a company director) disposed 15,000,000 shares on 22-May-2020.
before buy back to they have to sell if they are (ecoworld) holding more than 75% of total amount or Or else they have to privatized heir company. or because of certain rule in Bursa. to comply. correct me if I'm wrong.
@pathfinder. ecoworld got roughly 3 b shares, NTA 1.55, debts 4 b. if take private means bosses take the 4b, do u think it is possible....... 3b x 1.55 - 4b = 650 M. @4453. 还是你厉害,算到它值两毛!!!哈哈哈........
If you're holding just below 1 or 2 lots ,then you may just put there for 5-10 years. Otherwise do you think it is wise to do so ? If Ecoworld have the same capacity and generosity like Genting or Ajimoto I don't mind to buy and keep there for 5-10 years. For the last 6 years they showed you nothing, even though they are profit making company and expanding.
LKS is too greedy or too big-hearted to expand his empire within a short times. I don't think he is not aware of supply and demand theory. Did he made a survey on how many Malaysians are homeless and can't even afford a merely 200k first home to own. I just don't want to talk about LKS high-end and best housing properties where the house owners still have to pay and pay beside the basics households bills and taxes.
There are too many factors to deter our nation to turn into a developed nations and progress. Indo-China nations especially Vietnam will soon take over us within a couple of years . Very soon Myanmar and Indonesian will follow. Ask yourself why ? The answer to it is very simple -- One country and one people. If there is no one Malaysia and one Malaysian , we will stay as what we are now for another century if nothing is going to change.
A country will not developed with huge number of very low income groups. So, how to push up the sale for expensive housing properties ? With our political, religious and social background , can we attract more foreign properties investors ? A big question mark right !
my friend working at bank told me bank give home loan ,need 30% down payment 100 customer submit loan approved 3 customer only. bank difficult approved loan
@addy. govt ask bank to delay installment for 6 mth + no extra interests, it means bank got very few input of money b4 Nov. it may cause cash flow problems for banks, no wonder they r very alert in loan approvals. i heard now 2 nd hand car oso no more loans., new cars yes. regarding 30%, it is normal now, may increase in future. little rakyat wer got, how got some many cash in hand? if got, then buy ecoworld shares st lah, hahaha..............
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....
apalumau
2,192 posts
Posted by apalumau > 2020-05-22 22:02 | Report Abuse
@4453. 无业