KUCHAI DEVELOPMENT BHD
KLSE (MYR): KUCHAI (2186)
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Last Price
0.94
Today's Change
+0.06 (6.82%)
Day's Change
0.89 - 0.98
Trading Volume
1,664,500
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
4 people like this. Showing 50 of 1,027 comments
Sg Bagan will take over all assets and liabilities of Kuchai. All benefits are going to Sg Bagan. Kuchai is just a shell company. Might as well buy Sg Bagan in the open market rather than wait for that 222 shares.
2024-05-27 10:53
Great Eastern closes UP 73c on the SGX on fairly high vol of 165,100 shrs, nearly 3% above OCBC's offer. This can only be good for both Kuchai & SBagan as they are unlikely to need to accept the bid & can keep the viable option to sell on the open market instead.
2024-05-27 17:08
Can Kuchai's shareholders still negotiate for a better deal from Sg Bagan after they have voted for the resolution?
Extending the date will not make any difference to the resolution. .
2024-06-28 15:51
Kuchai is still holding the GE shares
Can kuchai sell the GE shares to OCBC
Or must kuchai hand them to SBagan???
2024-06-29 15:07
Based on the approved resolution, Sg Bagan will definitely take over the assets and liabilities of Kuchai first before they will sell their GE shares to OCBC. I don't think Sg Bagan will allow Kuchai to sell direct to OCBC.
2024-06-30 00:28
GEH to be suspended on July 15 but OCBC will continue to accept GEH shares for further three months
2024-07-13 17:41
After the swap with SBagan
Kuchai will be a cash rich shell company!
Will SBagan be privatise after the swap?????
1 month ago
Transfer of assets & SBagan shares finalized! Now just waiting for ex-date for 0.222 SBagan shares in exchange for each Kuchai share to be fixed...
1 month ago
@Dompeilee
Excellent!!!
Yes!
Now SBagan moving up up
Once kuchai is alloted SBagan shares...
Share price will move up again!
Kuchai price very dependent on SBagan shares price!
1 month ago
Yes
Later kuchai give you a basket of free gifts ... 🎁
Open the box!
U will find free "SBagan"😍
1 month ago
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description (I) DISPOSAL OF SUBSTANTIALLY ALL THE ASSETS AND LIABILITIES IN KUCHAI DEVELOPMENT BERHAD ("KDB") TO SUNGEI BAGAN RUBBER COMPANY (MALAYA) BERHAD ("SG BAGAN") TO BE SATISFIED ENTIRELY VIA THE ISSUANCE OF NEW ORDINARY SHARES IN SG BAGAN ("SG BAGAN SHARES") ("DISPOSAL"); AND
(II) DISTRIBUTION OF SG BAGAN SHARES HELD BY KDB ARISING FROM THE DISPOSAL TO ITS ENTITLED SHAREHOLDERS BY WAY OF A CAPITAL REDUCTION AND REPAYMENT AND DIVIDEND-IN-SPECIE ("DISTRIBUTION")
(COLLECTIVELY, "PROPOSALS")
We refer to the Company's announcements dated 29 December 2023, 28 February 2024, 18 March 2024, 7 May 2024, 26 June 2024, 3 July 2024, 12 July 2024, 30 July 2024, 23 September 2024, 3 October 2024 and 10 October 2024 as well as the Company's circular dated 15 April 2024 ("Circular") in relation to the Proposals. Unless otherwise stated, the definitions used herein shall have the same meaning as defined in the said announcements and Circular.
Reference is made to Section 4 of the Circular and the Company's announcement on 10 October 2024 in relation to the completion of the Disposal.
On behalf of the Board, RHB Investment Bank wishes to announce that, following the completion of the Disposal, an application was submitted to Bursa Securities on 11 October 2024 to seek the guidance of Bursa Securities on whether KDB is considered as a Cash Company under Paragraph 8.03 of the Listing Requirements.
The Company is currently pending a decision from Bursa Securities on the abovementioned matter.
This announcement is dated 11 October 2024
1 month ago
Considering both the 20c dividend AND the upcoming SBagan dividend in specie, the yield is an astounding 69.3% @ the current price of $2.16!
Lelong LELONG! By 11 Dec the price will almost surely be above $2.35!
1 month ago
What happen if the effective date for the take over of Kuchai assets and liabilities is before 11 Dec?
1 month ago
I'm neither a lawyer nor a corporate M&A expert but doesn't the latest announcement imply that SBagan already owns all of Kuchai's former assets except its cash pile & its Semenyih land while the latter already owns 26.7 mil of the former's shares?
1 month ago
Oh, the deal already done? I thought they going to fix a date for the actual transfer.
1 month ago
Will Kuchai price adjust down after it goes ex-dividend? How much will it adjust down?
1 week ago
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1 week ago
Posted by AhPek > 8 hours ago | Report Abuse
After adjustment, 1.40???
How do you calculate to get RM1.40?
1 week ago
Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...
3 days ago
dompeilee
Cut loss on 42% of my recently re-purchased Kuchai @ $2.03 yesterday & re-entered @ 78.5c today 66.7% more than what I SOLD...
1 day ago
T + 1 only & already +17%😘
2 days ago
What is happening? will still receive RM0.2/unit? and the stock will change to sbagan share automatic??
2 days ago
My understandings, post distribution of SB shares and B4 x-dividend, the remaining assets held by KD(PN 16)
1. Cash (net) 84 M
2. Land 8 M
NOS123.7M. NTA 0.744.
Post x 0.20 dividend (12/12/24), NTA 0.544
Crediting date of SB shares: 2/12/24
2 days ago
SO if I have 1000 units. i will receive 216 units of Sbagan (Sbagan worth RM5.9/unit) on 2/12/24... if i keep Kuchai stock, i will get RM0.2/unit?
2 days ago
currently kuchai share is PN16 but it have also dividend. they split the share to part you get sbagan and retain same kuchai share but at lower value due to cost for allocating sbagan share.
effectively also for now you keep the kuchai share until 12th you get additional 20 cent dividend which is 21% return for share which is very high, partially also for directors to avoid dividend tax next year.
Unsure of what next step of Kuchai as they are now cash rich company so need for plan for new core business to remove PN16
2 days ago
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lionel messi
I think coming from the angle that Kuchai could have gotten more. Is there any possibility of adjustment or go around certain conditions to what was agreed at the EGM so that Kuchai will get a fairer deal?
2024-05-27 08:30