Posted by runnerman > 2015-03-16 12:11 | Report Abuse

Esok goreng day

Posted by king555 > 2015-03-16 12:15 | Report Abuse

why esok goreng day??today cannot goreng meh

Posted by luqmanhakim13 > 2015-03-16 12:23 | Report Abuse

tepung......tepung...sapa mau bli...

Posted by luqmanhakim13 > 2015-03-16 12:24 | Report Abuse

everyday kena goreng meh...

Posted by privatisation > 2015-03-16 18:10 | Report Abuse

Privatisation at 45sen. Now only 34.5sen. Chance

KUALA LUMPUR: Kuantan Flour Mills Bhd (KFM) has entered into a heads of agreement (HoA) with a major shareholder of NEP Holdings (M) Bhd in an exercise that will see the latter emerge as a substantial shareholder if the proposed deal is approved.

The exercise will see KFM acquiring assets from NEP in a reverse takeover (RTO).

It will result in Lim Chang Huat, the major shareholder of NEP, emerge with an interest of more than 33%, triggering a mandatory general offer (MGO) for the rest of the shares he does not own at 45 sen each.

According to a filing with Bursa Malaysia yesterday, NEP is involved in assembly, leasing and trading of water filtration system products under the “Diamond” brand.

KFM said it had entered into a HoA with NEP’s vendor, Lim, for a number of proposals to facilitate the RTO, which included the creation of a new entity (newco), and securities exchange between the newco and KFM.

Under the scheme of arrangement, it is proposed that every three existing shares in KFM will be exchanged for one new share and one warrant in the newco. The existing KFM warrants will be exchanged with warrants in the newco.

Subsequently, the listing status of KFM, which used to be aligned to former corporate kingpin Soh Chee Wen, will be transferred to the newco, which will then acquire NEP for a purchase consideration to be determined later.

The acquisition shall be satisfied by the issuance of such number of new newco shares at an issue price of 45 sen each to the vendor, which is why Lim has to undertake a MGO at the same price if the deal is approved.

It said Lim will be seeking for an exemption from the obligation to undertake the offer upon the completion of the proposed acquisition.

One of the salient terms of the HoA is that both parties have agreed for their books to be opened up for due diligence. In this respect, Lim has agreed for KFM and its advisers to have access to all its corporate records and would provide additional information on reasonable request for due diligence.

The similar access to conduct a due diligence on KFM is also granted to Lim.

KFM has recorded a decline in revenue for the past five financial years up to March 31, 2014 (FY14). In the same period, the group has also recorded net losses.

It said the poor financial performance was due to, among others, low average selling prices of flour and the fluctuating prices of wheat.

“In view of the declining financial performance of the existing core businesses of the KFM group, the board has been actively searching for suitable business ventures to improve the prospects of the group in the long term.

“The proposed acquisition will provide an opportunity for the existing shareholders and warrant holders of KFM to capitalise on NEP group’s growth potential in the distribution of water filtration system products and stable financial performance,” KFM said in the statement.

KFM said NEP posted a net profit of RM17.25mil on revenue of RM133mil for the financial year ended June 30, 2013 (FY13). Net profits for FY12 and FY11 were RM14.9mil and RM12.7mil respectively.

The compounded annual growth rate (CAGR) of the NEP group’s revenue for the past three financial years up to FY13 was about 15.3% while the CAGR for the NEP group’s net profit was about 16.39%.

Posted by luqmanhakim13 > 2015-03-16 18:24 | Report Abuse

good news.tqvm.

Posted by privatisation > 2015-03-16 18:28 | Report Abuse

Tomorrow big green candle!!! FRY

Posted by hosehliao888 > 2015-03-16 19:01 | Report Abuse

I watch from 32 until end. quite strong. tomorrow join you guys

Posted by hosehliao888 > 2015-03-16 19:33 | Report Abuse

2013 earn 17mil. after the process success. company pe ratio become 1.3 only. I thought only I know this privatisation settled on this wed. insider you all also can found the news. geng

Posted by privatisation > 2015-03-16 21:25 | Report Abuse

Diamond water making business in singapore, malaysia and hongkong. they did earn foreign currency. Buy it, wait what somemore?

Posted by lching > 2015-03-16 22:41 | Report Abuse

Diamond water is not doing well in Hong Kong.

Posted by hosehliao888 > 2015-03-16 23:01 | Report Abuse

please refer rto prospectus. inside stated very clear diamond earn a lots of money continuously 5 years. 2014 expected full year is 20mil net profit

Posted by hosehliao888 > 2015-03-16 23:04 | Report Abuse

kfm market capital 23mil only. 20mil net profit business injected. then pe ratio just 1.15 times. let say pe 10 then the share.price will hit 2.80

Posted by luqmanhakim13 > 2015-03-16 23:46 | Report Abuse

I think still too early for 2.80......let goreng n make money 1st...bila dah hit TP bru hold....

Posted by lching > 2015-03-17 00:07 | Report Abuse

i remember clearly few years ago, consumer association of Hong Kong forced Diamond Water to withdraw its claim. but i must admit i don't know the development after that.

Posted by hosehliao888 > 2015-03-17 01:00 | Report Abuse

the prospectus does not show geographical segment profit. the profit was pretty good. continuously growth with double digit for five years

Posted by hosehliao888 > 2015-03-17 01:02 | Report Abuse

tomorrow open please do not move. please

Posted by hosehliao888 > 2015-03-17 07:25 | Report Abuse

reverse takeover is most easier way to earn money. you will seldom see share price below privatisation price. y go n goreng keep it. at least few times return

Posted by davidtheman > 2015-03-17 08:08 | Report Abuse

goreng goreng kfm. cheap

Posted by lantisboy > 2015-03-17 09:28 | Report Abuse

dropping fast

Posted by lantisboy > 2015-03-17 09:38 | Report Abuse

goreng goreng kfm

Posted by Winner2020 > 2015-03-17 09:57 | Report Abuse

toward 0.25....hahaha

Posted by Winner2020 > 2015-03-17 10:01 | Report Abuse

the game is over!

Posted by lantisboy > 2015-03-17 10:23 | Report Abuse

game is starting.

Posted by richkid > 2015-03-17 11:04 | Report Abuse

1 newco = 45 sen in exchange with 3 KFM share. So how much is 1 KFM share worth ? How can 1 KFM share worth 45 sen...I am confused...

Posted by lantisboy > 2015-03-17 11:18 | Report Abuse

so meaning 45sen divide by 3? = 0.15?

Posted by luqmanhakim13 > 2015-03-17 11:37 | Report Abuse

yup....0.15 plus warrant....

Posted by luqmanhakim13 > 2015-03-17 11:44 | Report Abuse

so if u wanna hold this fish......hold her warrant..
1 KFM WA = 1 NEWCO WA....

Posted by lantisboy > 2015-03-17 11:48 | Report Abuse

oh no..need run..

Posted by king555 > 2015-03-17 12:15 | Report Abuse

misleading info...pls refer bursa malaysia news..something different from the Privatisation post

Posted by king555 > 2015-03-17 12:15 | Report Abuse

proposed scheme of arrangement pursuant to Section 176 of the Companies Act,
1965 (“Act”) involving the issuance by NewCo of 1 new share in NewCo (“NewCo
Share”) for each existing ordinary share of KFM (“KFM Share”) held by the
shareholders of KFM and 1 new warrant in NewCo (“NewCo Warrant”) for every 2
existing KFM Shares held by the shareholders of KFM at an entitlement date to be
determined later;

Posted by sampool > 2015-03-17 13:34 | Report Abuse

1 Newco = 1KFM, 1 Newco-Wa = 2 KFM-Wa... am i right?

Posted by king555 > 2015-03-17 14:41 | Report Abuse

I think so..better check ur own

Posted by luqmanhakim13 > 2015-03-17 14:45 | Report Abuse

good news..tqvm.

Posted by sampool > 2015-03-17 14:50 | Report Abuse

i think just the "Diamond" brand name already worth more then kfm market cap..

Posted by luqmanhakim13 > 2015-03-17 15:30 | Report Abuse

RTO musti untung la....next will be symphony n runhill...be4 TP goring dulu...hehehehehehe

Posted by king555 > 2015-03-17 16:28 | Report Abuse

boring day for KFM..

Posted by bearguy > 2015-03-17 16:29 | Report Abuse

kalau mesti, market sudah gerak lar. the HOA 2month period end by this week. This week no news, deal akan off

Posted by sampool > 2015-03-17 16:42 | Report Abuse

jump..

Posted by king555 > 2015-03-17 16:55 | Report Abuse

deal can extend one..like puncak

Posted by sampool > 2015-03-17 17:01 | Report Abuse

i think the deal still on.. due to CNY, so there will be delay abit..

Posted by luqmanhakim13 > 2015-03-17 18:03 | Report Abuse

today...bluecip up smallcip down.....as long not below 0.29 still bleh dpt duit nasi lemak n kopi o....

Posted by Kenny Foo > 2015-03-17 19:27 | Report Abuse

Why panic when the chart is forming a triangle. Just wait abit. It's about patient game. No patient means cut lost and keep losing

Posted by aliimam > 2015-03-17 22:02 | Report Abuse

hope so la

Posted by sampool > 2015-03-18 13:43 | Report Abuse

Who is Lim Chang Huat?

Posted by king555 > 2015-03-18 15:16 | Report Abuse

google lo...lim chang huat is NEP boss

Posted by sampool > 2015-03-18 15:17 | Report Abuse

lim chang huat is not nep boss la.. is major shareholder... never appear to public... that is y no much info.

Posted by luqmanhakim13 > 2015-03-18 20:02 | Report Abuse

The proposal acquisition is off...can u give a prove.

Posted by sampool > 2015-03-18 20:07 | Report Abuse

yalo.. i am sure they will make official announcement if thing really happen..as long as no bursa annouce the rto is still valid.

Posted by bearguy > 2015-03-19 09:11 | Report Abuse

when announcement out, is too late.