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Overview
Financial Highlight
HeadlinesNo recent Headlines for this stock. Business Background PacificMas Berhad (PacificMas) is engaged in investment holding and the provision of management services to its subsidiaries. Through its subsidiaries, PacificMas operates in five segments: underwriting of general insurance; management of unit trust funds and private investment mandates; hire-purchase, leasing and other related financing services; property investment and management, and investment holding and management services. The Company's operations are carried out entirely in Malaysia. During the year ended December 31, 2010, Pacific Mutual Fund Bhd. (Pacific Mutual) launched nine new funds: eight ELITE/ELIT Funds distributed by OCBC Bank (Malaysia) Berhad and one Fund primarily for the Agency force. As of December 31, 2010, the Company's subsidiaries were The Pacific Insurance Berhad, Pacific Mutual Fund Bhd., Pac Lease Sdn. Bhd., P.B. Pacific Sdn. Bhd., PacificMas Asset Management Sdn. Bhd., PacificMas Fidelity Sdn. Bhd. and PacificMas Capital Sdn. Bhd.
 Be the first to like this.   KC Loh sure! buy it if you are confident with the future prospects of this company, Keanfee! 21/08/2012 1:11 AM  HMF001 to keanfee, Yr question so this stock still can buy? if you happen to read this which was in response to kongfeifan86 If i happen to hv PacMas with me, i would be glad to sell to you... Why??? Knowing that the capital payment is at 95cts... would be very happy to sell it to anyone willing to buy at above the capital repayment price. Just like what you have done..buying PacMas at 115cts... i would be making a clean profit of 20cts...[115-95=20].. PacMas will be delisted as stated clearly in the Notice..you should refer to bursa announcement...Pls read more if you want to make money. Unless you are waiting for Mr Raymond Chan to buy the shell company of PacMas..then you can hold PacMas.. Otherwise, Sell to cut yr losses asap... Remember, you are holding something that is worth only 95cts... Hope this is clear to you... After much writing, explaining to you that PacMas will be delisted... you still want to buy PacMas!!!Hope yr buy decision is correct!!! 21/08/2012 5:53 PM tonylim Keanfee, you are a nut for asking the same question. HMF they already said they will wind up pac mas 21/08/2012 6:26 PM HMF001 to Keanfee if price move up more than 14cts..you shld make some money.. so check the stock price tomorrow morning... PacMas reference price 14 sen after capital repayment from the star The reference price for PacificMas Bhd on Friday following the capital repayment of 95 sen cash per share will be 14 sen. Bursa Malaysia Bhd's securities market operations said in a circular on Thursday the reference price was merely an indicative price for the shares to be traded within the trading limits. "The fair value of the shares should be determined by the market forces," it said. The capital repayment of 95 sen, which goes ex on Friday, would involve reducing the par value of each RM1 share to 5.0 sen each under Section 64 of the Companies Act, 1965. 23/08/2012 9:25 PM HMF001 i really salute this keanfee & kongfeifan86! Again, HIGH RISK come HIGH GAIN... Trading to a high of 44cts... 24/08/2012 10:00 AM KC Loh hahaha... most of you underestimated it by just calculating capital repayment. A lot still expecting some special dividend! me? i am chicken! willing only to buy below RM1 then! 24/08/2012 10:01 AM hoohaa think the big sharks are going for one last rally to make a round of money before they bid us farewell? 24/08/2012 10:02 AM KC Loh hahaha i knew it... finally they announced special dividend or the remainder .05 & all assets sold as capital repayment looks like my old favorite still got one last good kick in him! Company Name: PACIFICMAS BERHAD Stock Name: PACMAS Date Announced: 24/08/2012 Announcement Detail: Type: Announcement Subject: OTHERS Description: (I) DISPOSAL OF THE COMPANY'S 100% EQUITY INTEREST IN PAC LEASE BERHAD ("PAC LEASE"), P.B. PACIFIC SDN BHD ("PBPSB"), PACIFICMAS FIDELITY SDN BHD ("PFSB") AND PACIFICMAS CAPITAL SDN BHD ("PCSB") TO OCBC CAPITAL (MALAYSIA) SDN BHD ("OCSB") FOR A TOTAL DISPOSAL CONSIDERATION OF RM387,887,828 ("DISPOSAL OF WHOLLY-OWNED SUBSIDIARIES"); (II) DISPOSAL OF THE COMPANY'S 85% EQUITY INTEREST IN PACIFIC MUTUAL FUND BHD ("PMFB") TO OCSB FOR A DISPOSAL CONSIDERATION OF RM40,344,672 ("DISPOSAL OF PMFB SHARES"); (III) PROPOSED REALISATION OF THE REMAINING RESIDUAL ASSETS IN THE COMPANY AND SETTLEMENT OF OUTSTANDING DEBTS OR LIABILITIES ("PROPOSED REALISATION OF RESIDUAL ASSETS"); AND (IV) PROPOSED DISTRIBUTION OF THE PROCEEDS FROM THE DISPOSAL OF WHOLLY-OWNED SUBSIDIARIES, AND/OR DISPOSAL OF PMFB SHARES AND/OR PROPOSED REALISATION OF RESIDUAL ASSETS TO ALL ENTITLED SHAREHOLDERS OF THE COMPANY VIA SPECIAL DIVIDEND AND/OR PROPOSED CAPITAL REPAYMENT ("PROPOSED DISTRIBUTIONS") ((I) AND (II) ABOVE ARE COLLECTIVELY REFERRED TO AS "DISPOSALS") ((I) TO (IV) ABOVE ARE COLLECTIVELY REFERRED TO AS "PROPOSALS") 24/08/2012 11:43 AM KC Loh an oh yes, keanfee, before you ask again, the answer is NO, you cannot go in now. Market has priced the value judging from today's spike. 24/08/2012 11:46 AM 101celsius hi KC Loh, can u explain more on the announcement u post means?? i m new here 24/08/2012 12:15 PM KC Loh pacmas is exiting from listing. They made one announcement for capital repayment of RM950 from original par value of RM1 when first listed(that means the par value of stock 1.00 = RM1,000) and a special dividend then (after selling their assets and any profit were given back to their shareholders as special dividend). The market bought into this stock again (todays rise in price) thinking that the remaining 0.05 sens capital repayment also comes with another special dividend after they are selling their "illiquid assets". So this later announcement proved the investors who bought it were right. There is another capital repayment now of the remainder 0.05 and special dividend after divesting all other remaining subsidiaries. i was just asking questions earlier hoping need not go into research and those in the know would come back with some info. but alas, got more questions than not! :) 24/08/2012 12:22 PM 101celsius really sorry, still dont understand..mayb my english is poor..is there any chinese website have this information?? or share information. 24/08/2012 2:59 PM kongfeifan86 MEAN THAT 0.05 PAR VALUE WILL DISTRIBUTE SPECIAL DIVIDENT AGAIN AFTER SELLING THEIR FIXED ASSET. 24/08/2012 4:48 PM kongfeifan86 mANY INVESTOR THINKING THAT IT WILL BE QUITE GOOD DIVIDENT SO ENTER TO THIS STOCK AGAIN...DEPEND ON YOU. 24/08/2012 4:50 PM Kenny Foo Does that mean that before the approval from the board to de-list the company from bursa, the stock price will keep going up??? let see on Monday.... 25/08/2012 12:36 AM KC Loh more reading for pacmas : http://www.theedgemalaysia.com/business-news/219133-pacificmas-share-jumps-167-ex-capital-repayment.html 25/08/2012 1:37 PM  Steven Lee this stock is going to de-listed soon, there is apparently only worth 5cents 25/08/2012 4:25 PM jjay this stock is finish, kaput, done deal..dont touch it , it worth 5cent after capital repayment... 26/08/2012 6:51 PM KC Loh This is why i brought up pacmas. Its obviously you guys never calculate its assets (for which i failed also, because want to try shortcut hehe). Had someone manage to calculate what their hard assets were, we all would have scored. Anyway, time to say bye bye to one of my old favorites! (one of the very first few shares i made money with.. ) 26/08/2012 7:53 PM frleong2005 We were expecting d company to distribute the assets to share holders after winding up. That is why we bought d shares. We still have to wait for some news. I still ahve 4 lots after tge capital repayment. 30/08/2012 9:32 PM tonylim Frleong - What assets were you looking forward to? Office tables and chairs? 30/08/2012 11:44 PM HMF001 Frleong - if you refer to PacMas 2Q2012 Financial Results... The NA is RM1.03.... and after the capital Repayment of 95cts... the balance is 8cts... so the 8cts could be for "tables, chairs & PC?... Not forgetting that the Office is still in operation. so some expenses for the few personnel working for the PacMas until it is fully liquidated. What could you be hoping for??? Since you hv interest in PacMas, you really should read in details the offer notice to PacMas.. 31/08/2012 9:09 PM lynna1 Bought in at 0.335!!! Just realised that the stock will be delisted soon. What should I do? 13/09/2012 9:32 AM Namoyaki Takarajima A complete Check list is a must! Volume-Check! TA-Check! FA-Check! Global-Check! This will lead to a very constructive decisions. 13/09/2012 7:02 PM yauyau57 Currently i received a annual Meeting,will held at april 1 due to i still holding the share,should atteNd the meeting (this the second annual meeting)can any one share with me,i been not traded for long times 16/03/2015 1:29 PM | |
