Reference is made to the Company’s announcement dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement in relation to the proposed merger of the construction and construction-related businesses of Ekovest and Knusford via the proposed disposal by Ekovest of its entire equity interest in Ekovest Construction Sdn Bhd to Knusford (“Proposed Knusford-ECSB Merger”) (“Announcement”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcement.
Reference is made to the Company’s announcements dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement between the Company and Knusford to explore and negotiate the Proposed Knusford-ECSB Merger (“Announcements”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcements.
The Company wishes to announce that the Parties have mutually agreed for a further extension of 6 months commencing from 28 July 2024 to 27 January 2025, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.
Extend again... Additional 6 month. Mean extra 6 months for Ekovest share price to ding ding dong dong between 43sen to 60sen for few more round. But one thing sure is, Tan Sri is 100% keen on this deal. Just a lot of timing need to re-align with the Government (i.e. Special Economy Zone, HSR Project)
Extend again merger , babbbi , finish story , next story n next topic Now left 2 factor Ekovest to go up 60 sen Factor 1 ). QR August need come with net profit Factor 2 ). JS- SEZ officially sign agreement on SEPT , this very interested , more detail annomement. , Jan sign MOU JS -SEZ Notting tell , investor will find story goreng again JOHOR THEME play stock ,once all clear picture appear
Puzzling move by big boss. Whole merger idea proposed by him put on hold { further delayed for another 6 months} He is going to milk Ekovest dry dry before proceeding
Potential good news are special economy zone, listing of highway divisions, approval of corporate exercise, getting new contracts, HSR and bandar Malaysia
Actually the company is making profit, loss is mainly due to high finance cost from highway division. High finance cost is inevitable for highway company.. But they will recover the cost and profit in longer term.
my analysis is simple :- apparently the toll business are not as good as expected (even one conman siput claiming seeing many traffic at the tolls everyday ! ) IF the toll business is fart king good as claimed , you won't see loss after loss in QR announcement (be ready the next QR will be loss again !!) or else their profit result will reach the threshold for them to go listing instead of extend and extend the date !! think rationally ! of course, having said that , as i am also trapped in this pirate ship by following one conman siput s recommendation, we the retailers can only "finger cross" that they reach profit soon or plan other way to monetise their toll buisness or any corporate exercise to spur the share price of the lousy conman 's company !!
Listing needs time to plan and implement... U see wct reit listing, news out ady 250% up... Listing done ady? Listing take time but the plan and announcement will come at least 1 year before
Let's monitor tomorrow transaction. See any invisible hand is quietly swallow all the tickets from retailer? Or any invisible hand throwing all the ticket to retailer?
No think so can down further , pump n dump counter , finish 1 round , now either consolidate or rebound to 50 -52 sen this week 43 sen impossible touch
Impossible below 0.43 ? The syndicate will make it possible for you ! 0.40 & below coming ! Next impossible / possible lower low ? 0.30 !! In casino Bursa , conman + banker always win !! 😱
Wait 43 sen in dream , unless KLCI PLUNGE below 1600 , 1 round pump 46.5 sen to 58 sen , 1 round dump 58 sen ,now to 45 sen is lower , Tunggu 43 sen n buy , du Tunggu slowly , following rebound back 50 sen by this week , du Tunggu 43 sen lagi , sendiri tunggu
Worse volatile counter in bursa construction counter 2024, heart must be in good condition just can play it ya!!
From last lesson before CNY Price 0.49-0.61 Then 0.61-0.51 Then 0.51-0.60 Then 0.60-0.49 Then 0.49-0.595 Then 0.595-0.43 Then 0.43-0.58 0.58-0.445(today)
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....
anson938
2,018 posts
Posted by anson938 > 2024-07-26 16:52 | Report Abuse
Good close