johntei hold this L&G since last year and sold on last week and enter again 0.515. I just share some information and maybe you have to do you own research. The first concern is Mayland will take L&G private and press down the price? But after do research found Mayland acquired L&G at higher price, avg 0.49. Actually that year 2007 ~ 2008 easy for them take it private just 2.8B due to economic down. After that, L&G launch ICULS and Mayland buy again from open market and convert to mother share success reduce their avg price from 0.49 into 0.355. Total share 343,841,000 and today market value 1.92B but they just invest 1.21B (convert all to mother share). Mayland won' take it private and want share the business risk to all investor. If want take it private need invest 4B and why not direct private it on 2008. Next step is bonus right issue maybe on next year. Mayland just want grab cheap share, then i just follow them and keep holding plus subscribed right issue. Futhermore, Dorsett open 9 hotel at Malaysia and as their second business dynasty. I'm guess David Chiu son will prove himself do better than his sister at HK and take over the Director position. This is personal opinion, sorry if any mistake.
Lonaldo LoJohnte: only 1 point agreed on u as your action taken. Buy cheap sold high, at least u bought rm.515 which show paper profit now. Previous agm got mentioned bonus issue, but latest this good news had not mentioned in latest agm mean next year will not had bonus issue. Major share daughter are capable as his father. I don think his brother can better than her, so far the news highlight of andrew chew is surrounding topic of rich son which take private jet with his girlfriend older than him 14 years old for holiday. But don ruled out his backup strong team will assist him.
SeanPursuant to Paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, L&G wishes to announce that Tinvein Nominees Sdn Bhd (101555-M), a wholly-owned subsidiary of Syarikat Trimal Sdn Bhd (27664-A), which in turn is a wholly-owned subsidiary of L&G, has on 27 October 2014, disposed of its entire issued and paid up share capital comprising 250,000 ordinary shares of RM1.00 each in its wholly-owned subsidiary, Navistar Sdn Bhd (161219-P) ("NSB") to Calgary Global Group Limited (Company No. 1782075), a company incorporated in British Virgin Islands, No. 8 Robinson Road#06-00 ASO Building, Singapore 048544 for a total cash consideration of RM2.00 (“the Disposal”).
The aforesaid sale consideration was arrived at after taking into consideration the negative net assets in the books of NSB.
As a result of the Disposal, NSB has ceased to be an indirect wholly-owned subsidiary of L&G.
The Disposal is not expected to have any effect on the issued and paid-up capital of L&G or L&G’s substantial shareholders’ shareholding and any effect on the earnings, net assets or gearing of the L&G Group for the financial year ending 31 March 2015.
None of the Directors and/or major shareholder and/or persons connected with them has any direct or indirect interest in the Disposal.
This announcement is dated 27 October 2014.
chloe_tsHi YOLOOOO, glad to see you here. you still keeping Insas?
YOLOOOOchloe_ts, haha, still holding, i bought little only