Australian firm Siburan Resources Ltd has entered into a heads of agreement to acquire 100 million shares of China Automobile Parts Holdings Ltd from its majority shareholder Guotai International Holding Ltd at 60 sen per share or RM60 million
Better sell.. I see that Australia company only worth 0.055 cents in Australia In other words it's a micro small cap company buying a small china company
Total warrants are not much , roughly about 300m whereas mother share is very much more. Even if you buy warrant now & convert it, you still make 1 or 2 cents per share.
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....
suz99
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Posted by suz99 > 2015-05-15 20:42 | Report Abuse
OTHERS CHINA AUTOMOBILE PARTS HOLDINGS LIMITED (CAP OR THE COMPANY) - AUSTRALIAN PLC ACQUIRING SUBSTANTIAL STAKE IN CAP
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4738633