tonylim, in 2008, Bonia gave 2 for 1 bonus issue and a share split which boost the paid up to 180m from 60m. They will hit a record profit in this pending financial result thanks to the inclusion of Jeco. I am expecting another bonus issue at lease right after. They have no choice but to play catch up to narrow the gap with Padini,for image sake.
OTHERS POTENTIAL TAKEOVER OFFER FOR BONIA CORPORATION BERHAD
The Board of Directors of Bonia Corporation Berhad ("Bonia" or "the Company") wishes to announce that it has been informed by Chiang Sang Sem (“CSS”) which is Bonia’s Group Executive Chairman cum Chief Executive Officer that he is in discussion with several parties to acquire certain stakes in Bonia (“Potential Acquisition”). The indicative price for the Potential Acquisition is in the range of RM1.80 to RM2.00 per share. The Potential Acquisition, when completed, would result in CSS and his family collectively holding more than 50%. CSS together with his family would then be obliged to extend a mandatory general offer to acquire the remaining shares in Bonia at the same price as the Potential Acquisition. Please also be informed that should there be an offer, at this juncture, it is their intention to maintain the listing status of Bonia on Bursa Malaysia Securities Berhad (“Bursa Securities”). Their intention will be firmed up upon completion of the Potential Acquisition. CSS will inform Bonia should he enter into agreement for the Potential Acquisition.
Bonia will inform Bursa Securities of any further communications from CSS. This announcement is dated 24 August 2012.
at least there is interest from the boss himself. in long run is positive. in shorterm the price maybe trade within the range. maybe will be other offer. nobody knows. wait and see.
It means CCS intends to acquire certain amount of stakes which are priced in a range of 1.8-2. After the acquisition, the stake it has will be more than 50% and it will trigger the MGO. According to OSK, it's fair value is above RM3, so probably he will offer a price which will be at that range.
Type Announcement Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) Description BONIA CORPORATION BERHAD ("Bonia" or "Company") RECEIPT OF NOTICE OF TAKE-OVER OFFER
The Board of Directors of Bonia (“Board”) wishes to announce that it has on even date received a Notice of Take-Over Offer (“Notice”) from AmInvestment Bank Berhad, on behalf of Freeway Team Sdn Bhd, Chiang Sang Sem and Chiang Fong Yee (collectively the “Joint Offerors”), in respect of the Joint Offerors’ obligation to extend an unconditional mandatory take-over offer to acquire all the remaining 100,448,526 ordinary shares of RM0.50 each in Bonia (“Bonia Shares”) (“Offer Share(s)”) representing approximately 49.83% of the issued and paid-up share capital of Bonia, which are not already owned by the Joint Offerors and the persons acting in concert (“PACs”) with them for a cash offer price of RM2.04 per Offer Share (“MGO”). The Board has deliberated on the MGO and wishes to announce that the Board does not intend to seek an alternative offer for the Bonia Shares as the Joint Offerors and the PACs with them hold more than 50% of the issued and paid-up share capital of Bonia. In accordance with the Malaysian Code on Take-Overs and Mergers 2010, the Board will appoint an Independent Adviser to advise the non-interested directors and non-interested shareholders of Bonia in relation to the MGO. A copy of the Notice is attached herewith and will be posted to the shareholders of Bonia within seven (7) days of its receipt. This announcement is dated 28 August 2012.
I think PNB already sell the stake at RM 2.04. So at least we know the share price will be at RM 2.04 above. There need 75% to get the deal done. Wait and see how it goes.
KUALA LUMPUR: Bonia Corp Bhd, which saw strong trading interest recently, saw 35.03 million shares transacted in several off-market deals on Tuesday.
Stock market data showed the shares were transacted at RM2.04 each, or 45 sen or 18.07% below Monday's closing price of RM2.49.
The 35.03 million shares accounted for 17.37% based on the paid-up of 201.57 million shares.
At 4.09pm, it was up seven sen to RM2.56.
Last Friday, Bonia announced its group executive chairman cum CEO Chiang Sang Sem was looking to acquire certain stake at prices ranging from RM1.80 to RM2 a share.
Last Friday, Chiang announced he was in discussion with several parties to acquire certain stakes in Bonia. The indicative price for the potential acquisition is in the range of RM1.80 to RM2 per share.
The potential acquisition, when completed, would result in Chiang and his family collectively holding more than 50%. Chiang and his family would then be obliged to extend a mandatory general offer to acquire the remaining shares in Bonia at the same price as the potential acquisition.
Oh No SMART HAI CKSING, Bonia has dropped since the take over announcement, yes dropped from 2.04 to 2.64, so if you listen to CK sing, you will get one big BANANA!!!!!!
the Royal Police Force is a nice touch anyway. I wonder how did the guys in US know if our force is under the Royal banner! good try, but not enough to fool the rest of us! LOL
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....
Namoyaki Takarajima
1,530 posts
Posted by Namoyaki Takarajima > 2012-08-24 13:07 | Report Abuse
NZ, Fandi had confirmed to belanja Me, KC and You also lah for sure! Fandi, Tea Tarik also OK dont worry.