SBC Corp Bhd, Inari Amertron Bhd, OCK Group Bhd, Berjaya Auto Bhd and Press Metal Bhd are among the top picks on RHB Research Institute’s round-up of Top 30 Small-Cap firms in Malaysia.
If everything gets approved by next month,and if the price goes up higher by then,then it is not too big a risk,I believe. Any investors to join the company with 20% interest will definitely have confidence in it...rite? Have to stay invested for a while for now until next good news ...to make money...just my opinion...cheers...
RHB Investment Bank Berhad wishes to announce that the Board of Directors of OCK wishes to vary the earlier announcement dated 15 April 2014 in relation to the Proposed Private Placement in relation to the following extract of Section 2.5 of the said announcement:-
b) The balance of up to 10% of the Placement Shares shall be offered to a major shareholder of OCK. In the event the said major shareholder does not subscribe up to 10% of the Placement Shares offered, the said Placement Shares shall be clawed back and OCK shall allocate such balance up to 10% of the Placement Shares to other third (3rd) party investors to be identified later under Section 2.5(a) above.
Does that mean LTAT can buy up the remaining 10% since LTAT is one of the major shareholder ? Please advise. Thanks.
If the 20% allocated price is fixed at $1.22....then we should buy ASAP. I think the Proposed Private Placement is going to complete soon.... or maybe 1 or 2 month.
Private placement 20% + ESOS 10%, will this cause significant dilution on EPS for upcoming quarter?
i. Establishment of an employees' share option scheme ("ESOS") of up to 10% of the issued and paid-up share capital of OCK;
ii. Increase in authorised share capital of OCK from RM50,000,000 comprising 500,000,000 OCK Shares to RM100,000,000 comprising 1,000,000,000 OCK Shares; and
iii. Amendments to the Memorandum and Articles of Association of OCK.
Long term should be good. After all the proposal and ESOS done, the share should go up so that ESOS employees and new major share holder could make money.
So this is the company OCK buying ? http://www.pmt.co.id/ , Looks like a good move for future expansion, they definitely need more resource if the new communication tower contracts awarded.
"On behalf of the Board of Directors of OCK ("Board"), RHB Investment Bank Berhad ("RHBIB") is pleased to announce that OCK International Sdn Bhd ("OCKISB"), a wholly-owned subsidiary company of OCK had, on 29 April 2014, entered into a conditional share sale agreement ("SSA") with Song Chin Chew and Lim Hooi Seeh (the "Vendors") for the proposed acquisition by OCKISB of 85% equity interest in PT Putra Mulia Telecommunication ("PMT") ("Sale Shares") from the Vendors for a purchase consideration of RM21,250,000 ("Purchase Consideration")."
PT Putra Mulia Telecommunication principally involved in the provision of telecommunication solution services, we are incorporated since 2005 in Indonesia. We provide full turnkey service to Telecom Operator and Solution Vendors.
Now OCK own PT Putra Mulia - Indonesia is one of the higher population in the world and one of the highest Handphone users.
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....
jayhao2000
189 posts
Posted by jayhao2000 > 2014-04-28 11:36 | Report Abuse
I bought few lots in RM 1.4. but like what I've said, no worries. The value of this stock will eventually show high. just be patient.