Highlights
KLSE : KBUNAI       KARAMBUNAI CORP BHD
Last Price Today's Change   Day's Range   Trading Volume
0.045   0.00 (0.00%)  0.045 - 0.045  215,000
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Overview

Market Cap: 264 Million
Shares: 5,877 Million
P/E | EY: -23.17  |  -4.32%
DY | Payout %: 0.00%  |  - %
NAPS | P/NAPS: 0.1429  |  0.31
Avg Volume (4 weeks):1,111,710
4 Weeks Range:0.04 - 0.055
52 Weeks Range:0.04 - 0.06
Average Price Target:-

Headlines

Latest Headlines
04/07/2016  加拉布乃私有化进展如何?
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  6 people like this.
 
TheContrarian Takeover rules require that any shareholder who owns more than 50% and intends to buy more than 2% must make a general offer to all remaining shareholders unless he obtains an exemption from SC.
31/05/2016 10:59
TheContrarian Takeover rules also require an investment bank to be appointed to ensure all procedures are properly carried out.
31/05/2016 11:02
TheContrarian Actually Chen can apply for exemption of the 25% public spread rule to keep the Company listed but he doesn't want to do so.
31/05/2016 11:04
GiveMeFive With the announcement of the revised NTA of no less than RM0.21, hopefully a foreign fund with buy up all the "dirt" cheap shares from the market.
31/05/2016 11:15
leemei don't sell first unless the offeror can acquire 90% of the shares
31/05/2016 11:21
GiveMeFive Hi, thanks to care to explain why Chen needed to use the service of RHBIBB. Care to share your option? :)
31/05/2016 11:22
leemei i will waiting for fuher announcement, you can refer the star, the edge & nanyang newspaper dated 30th May
31/05/2016 11:58
ReturnInvestor Will there a battle going on? Will it create a win-win situation?
31/05/2016 12:16
TAH Just hold tight till the next offer. tell to Dr Chen we are not HAK YEE
31/05/2016 12:33
GiveMeFive A kaki of mine was very upset about this unfair takeover and bet to fight till fairness prevails even meaning RM25,000 (5,000 lots x 0.05) vaporized.
31/05/2016 12:54
TAH I hope Dato Dr Yu Kuan Chon of YNH come into picture.
31/05/2016 13:00
Mowwwa Y VOL COMING?
31/05/2016 13:05
Mowwwa In addition, the Board wishes to announce that KCB has today received a press notice from RHBIB, on behalf of the Offeror, informing that the Offeror does not intend to revise the offer price of RM0.05 per Offer Share and RM0.02 per Offer Warrant in relation to the Offer. Please refer to the attached press notice for further details.
31/05/2016 13:10
Mowwwa ARE THEY BUYING TO MAKE IT 25% OF HOLDING?
31/05/2016 13:11
Mowwwa n respect of the valid acceptances received from the accepting holders for the Offer thus far, the Board wishes to announce that KCB has today received a press notice from RHBIB, on behalf of the Offeror, informing that the percentage of public shareholding spread of the Company as at 25 May 2016 is 23.85%. Consequently KCB is deemed not in compliance with the public shareholding spread requirement under Paragraph 8.02(1) of the Listing Requirements which stipulates that a listed issuer must ensure at least 25% of the total listed shares (excluding treasury shares, if any) are in the hands of public shareholders.
31/05/2016 13:11
Mowwwa IF NO SELLER AT 5C THE MGO COULD NOT BE DONE. AM I RIGHT? UNLESS HE MAKE NEW OFFER
31/05/2016 13:25
GiveMeFive Chen has all the rights to takeover a listed company. He sure won and even be honoured if he care about the minority shareholders.
31/05/2016 13:50
taitaumau In the event, say DR Chen and his PAC (FACB) fail to hold > 90%
of the issued & paid-up capital in KCB

May i share with you the following bursa listing requirements:

CONTINUING LISTING CRITERIA
8.02 Compliance with shareholding or unit holding spread requirement

(1) A listed issuer must ensure that at least 25% of its
total listed shares (excluding treasury shares) or listed
units are in the hands of public shareholders or unit holders.
The Exchange may accept a percentage lower than 25% of
the total number of listed shares (excluding treasury
shares) or listed units if it is satisfied that such
lower percentage is sufficient for a liquid market in such
shares or units.


16.06 Request for withdrawal

(1) A listed issuer may not request to withdraw its listing
from the Official List, unless -

(a)the listed issuer convenes a general meeting to obtain its
shareholder or unit holder approval and a separate meeting
for the approval of the holders of any other class of listed
securities, if applicable
(b)the resolution for the withdrawal of its listing is
approved by a majority in number representing three
fourths in value of the shareholders or unit holders and
holders of any other class of listed securities, if applicable,
present and voting either in person or by proxy at the
meetings and provided that such shareholders or unit
holders and holders of any other class of listed securities
who object to the withdrawal is not more than 10% of the
value of the shareholders or unit holders and holders
of any other class of listed securities present and
voting either in person or by proxy. Where the
constituent document of the listed issuer imposes a stricter
condition in respect of the votes required to approve the
withdrawal of listing, such stricter condition will apply in
substitution of the foregoing provision;
(c) the shareholders or unit holders and holders of any other class
of listed securities, if applicable, are offered a
reasonable cash alternative or other reasonable
alternative (“exit offer”); and
(d) the listed issuer appoints an independent adviser,
which meets the approval of the independent directors, to
advise and make recommendations for the consideration of
the shareholders or unit holders and holders of any other class
of listed securities, if applicable, in connection with the
withdrawal of its listing as well as the fairness and
reasonableness of the exit offer.

Under the above scenario, based on my understanding:-

(1) Bursa may let KCB to maintain its listing status
(2) DR Chen/PAC may fail to obtain majority in number of members in EGM
(3) Exit offer usually will not be lower than 5 cents per share
(3) Last resort, minority shareholders can take up exit offer
31/05/2016 15:15
firehawk today chan lip keong buy from open market @0.05 ah?
31/05/2016 15:54
TheContrarian Those shareholders who refuse to sell @ 5 sen can take matter to court to ask for a higher more reasonable price. However, you need to appoint a solicitor and pay the solicitor unless he willing to work for free (like the late Karpal Singh) but if you lose the case, court can award costs against you.
31/05/2016 16:29
pvjsabah Exactly who are you The Contrarian.....for someone who sold all his shares a long time ago......you have a lot to say to us . SO do you want us all to accept the DR's offer and not put up a stand.....you have some interesting points but your intentions seem rather dubious.......just an observation......... but is your intentions are well meant.....I thank you.
31/05/2016 16:46
TheContrarian Now I just a busybody lah trying to provide information/options/alternatives/warnings to you people but at the end of the day it's all your decision.
31/05/2016 17:47
pvjsabah True...... Just thought you were working for the Doc.......at least it seemed like......
31/05/2016 18:22
TheContrarian To frustrate Chen you need to collectively own 20% and then make a takeover bid of FACB Industries which owns over 5%. I don't think any group of people has the financial resources to fp that.
31/05/2016 18:25
pvjsabah Ok...... Thank you
31/05/2016 18:37
GiveMeFive Victim of delisted companies, my friends you are not alone lah :(
31/05/2016 19:21
TheContrarian But we must learn from it and not to be a victim again. Bursa saham and SC don't really protect the interest of the minorities.
31/05/2016 19:37
GiveMeFive This double takeover is too glaring that the minority shareholders are bring cornered and unfairly treated. If not careful, the IPS's IAC could render the authorities to disapprove the takeover and derail this plan.
31/05/2016 21:02
George99 Thecontrarian. Ur information is not all correct.
01/06/2016 20:24
hon vui chin We just do not know what is cooking!
02/06/2016 10:43
lhm3061 sin chew daily... cover...sunsuria city... maybe the boss want cooking land...cau kbunai got land... neardy....ayoayo....
03/06/2016 11:15
Mowwwa so end of karamhunai ...
03/06/2016 14:20
Mowwwa Goreng?
03/06/2016 16:36
Mowwwa Whos buying at 5.5c for 13m share? I dont understand...the offer just was 5c
03/06/2016 16:48
prudentinvestor Maybe Chen is buying. The independent adviser has advised small shareholders to reject the 5 sen per share offer. As of 26/05/16, 23.86% of KBunai shares were still being held by the public. Chen needs to own at least 90% of KBunai shares for the unconditional voluntary take over offer to become successful.
06/06/2016 19:57
Mowwwa 2 more day left...can he?
07/06/2016 01:22
prudentinvestor Increase offer by 50%, sure he can.
07/06/2016 16:48
oldchinaman he is too greedy, his nagocorp listed in hong kong worth 12.35billions.,now he want to rob all the poor helpless retailers.he is 70years old ,he think he can bring all the money to the other world.
09/06/2016 00:48
Jehovahnissi God bless Dr.Chen
09/06/2016 10:32
cinapeh be fair a bit to retailers la,is not healthy one ppl rich and thousands poor
17/06/2016 16:20
oldchinaman rich become richer poor become begger
17/06/2016 23:31
WarrenLim Anyone know what is the case now?should i hold or just sell it 5sen?CalvinTaneng?
21/06/2016 03:03
Doggi The reason why Calvin Tan from Singapore investment is so deadly & always failed. In order to make from the market the actual fact is Timing, Calvin Tan investment is always off market timing. Read to understand more : http://www.thestar.com.my/business/business-news/2016/06/25/btoto-slide-raises-questions/
26/06/2016 12:18
chanky50 Investment strategy is depended on individual financial capability and flexibility. Calvin Tan is rich and has lots of spare money. He has holding power like Warren Buffett and he has the bullets to buy all the way down. I guess, for him perfect timing is good but not critical as those small capital trader. The point here is you can follow him if you are as rich as him. Same thing I can't follow Warren Buffet strategy because I am a small investor with small capital. My time frame is shorter and I can take higher risk aiming for higher return. I can even go for short term trading on lousy but speculative stocks, hit and run, that Warren Buffett will never do.
28/07/2016 15:05
chanky50 My main point is - have your own investment strategy. you may take others opinions but do some research and don't follow blindly.
28/07/2016 15:07
ibull Dr Yu Kuan Chon of YNH now top 2 warrant holder @38.1 mil / 3.76% per Karambunai 2016 Annual Report....any idea why he build this stake?..(2015=nil).
29/07/2016 00:20
tobuy2006 fuiyoh, turn profit wow.
18/11/2016 17:16
TheContrarian But share price can't go up anymore.
18/11/2016 23:39
pvjsabah china coming in....... Pan Borneo Highway is going through this area....... so how.....any hope ?????
19/11/2016 07:33
TheContrarian Going to be delisted.
19/11/2016 17:05


 

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