Axiata recently bought additional 12.5% of edotco Myanmar at US35mil. edotco Myanmar had 1250 towers. OCK bought 100% of Seath at US50mil. Seath had 1938 towers throughout Vietnam.
Type of Meeting Extraordinary General Meeting Indicator Outcome of Meeting Date of Meeting 08 Nov 2016 Time 10:00 AM Venue Topas Room, The Saujana Hotel Kuala Lumpur, Jalan Lapangan Terbang, 40150 Shah Alam, Selangor Darul Ehsan. Outcome of Meeting The Board of Directors of OCK Group Berhad (“the Company”) is pleased to announce that the Ordinary Resolution as set out in the Notice of the Extraordinary General Meeting (“EGM”) of the Company dated 21 October 2016, was unanimously passed by the shareholders of the Company at the EGM held today, 8 November 2016.
The resolution was approved by way of voting on poll, the result of the poll is as per attachment.
The Board of Directors of OCK Group Berhad (“OCK” or “the Company”) wishes to announce that the Company’s wholly-owned subsidiary, OCK International Sdn Bhd (“OCK International”) had on 17 November 2016 completed the establishment of Well Synergy Resources Private Limited in The Republic of the Union of Myanmar.
Information on Well Synergy Resources Private Limited (“Well Synergy”)
Well Synergy is established as the subsidiary of OCK International with a registered capital of USD300,000 divided into 3,000 shares of USD100 each in which 2,999 shares held by OCK International Sdn. Bhd and 1 share held by Low Hock Keong.
The principal activity of Well Synergy is Engineering Services, Rental Business, Market Research and Management Services.
Financial Effects The above incorporation of new subsidiary is not expected to have any material effect on the earnings or net assets of OCK for the financial year ending 31 December 2016.
Directors’ and Major Shareholder’s Interest Mr Ooi Chin Khoon and Mr Low Hock Keong have declared their interests by virtue of the fact that they are the directors and/or shareholder in Well Synergy.
Apart from the above, none of the directors or substantial shareholders of OCK and/or persons connected with them has any interest, direct or indirect, in the said incorporation.
Good results, next qtr would be even better with more Myanmar towers handover n consolidation of SEALTH asset, plus seasonally higher maintainance work at last qtr of year...
Last 4th qtrl, FY2015 have a one off revaluation investment property gain of 4.8m. Most of the research report is misleading by putting higher PBT on next 4th qtrl, FY2016. Recurring income need time. Kindly be informed
does ock has to comply to BN new requirement to convert 75% surplus from USD to ringgit. if yes, how this new regulation impact ock that hold large USD loan.
not good, USD currency hike = financial cost increase and wonder new Bank Negara monetary policy to exporters would impact ock. currency conversion is a big pain.
the prospectus released during this stock ipo date would have listed all the factors which would hav an influence on this stock..but it is only applicable if the nature of this stock has not changed..if the stock doing completely diff business now then its not applicable anymore..there is a section in bursa where u can retrieve the prospectus but u need to know the ipo date for this stock then only u can retrieve it using the date..
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....
comebackisreal
275 posts
Posted by comebackisreal > 2016-11-08 14:07 | Report Abuse
always say good good good. but price never move. what is the point