Based on the above, we are of the view that the Offer for the Offer Shares is NOT REASONABLE as Holders who do not wish to accept the Offer would have the following options: (i) to continue to hold on to their Boilermech Shares as QL Resources Board envisages that the biomass and solar energy sector will provide a strong growth impetus to Boilermech Group due to the rising demand as the preferred renewable energy sources as stated in the rationale and the Offeror’s future plans for Boilermech Group as stated in Sections 3 and 8 of the Offer Document respectively; or (ii) to trade or sell their Boilermech Shares in the open market if the market price is higher than the Offer Price as the trading of Boilermech Shares is liquid.
IB recommend sell giving a target price of 0.69 on purpose bc they want to collect cheap knowing the QL group is willing to buy 0.95under a general offer. This stock may be the cheapest solar EPCC player in KLSE and now majority controlled by QL is definitely going higher. Its share price bucked today's poor market sentiment is telling.
PureBULL >>>, [16.03.21 04:40] BOILERM in some at 134-5 has the look of D&O when I entered at 221
PureBULL >>>, [16.03.21 04:41] dr chia song kun bought from his bro n another s/holder for his smart son of Mckinsey n co, the shaolin temple of world fin. this man advised cina.gov on RE projects
those who never listen to me previously and already sold cheap tickets to *PPL* now u still got chance to buy back ya. Anything below RM2.00 still a good buy. *Hint Hint*
how to goreng? only 251 million in d hands of retailers..v can expect it to go north...all sharkks died ady...operator in control... just ride as a pax
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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....
trend_first
47 posts
Posted by trend_first > 2021-01-16 14:27 | Report Abuse
Extracted from the bursa announcement:
Based on the above, we are of the view that the Offer for the Offer Shares
is NOT REASONABLE as Holders who do not wish to accept the Offer
would have the following options:
(i) to continue to hold on to their Boilermech Shares as QL Resources
Board envisages that the biomass and solar energy sector will
provide a strong growth impetus to Boilermech Group due to the
rising demand as the preferred renewable energy sources as
stated in the rationale and the Offeror’s future plans for Boilermech
Group as stated in Sections 3 and 8 of the Offer Document
respectively; or
(ii) to trade or sell their Boilermech Shares in the open market if the
market price is higher than the Offer Price as the trading of
Boilermech Shares is liquid.