SUNGEI BAGAN RUBBER CO (M) BHD
KLSE (MYR): SBAGAN (2569)
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Last Price
6.48
Today's Change
+0.01 (0.15%)
Day's Change
6.48 - 6.53
Trading Volume
18,500
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
3 people like this. Showing 50 of 247 comments
Over 1 million shares to be traded 2day! Only TWO other days in history where this has happened : 22 Nov 2010 & 12 Jan 2018!
1 month ago
The control is by lee Thor seng, he also control Nyalas rubber 4 million share in great eastern..
3 weeks ago
Total he control more than 7.733 million great eastern share..meaning if he agrees to sell, Ocbc will be able to exercise compulsory take for rest of great eastern shares
3 weeks ago
“For years, Kuchai shareholders had held on to the shares with the view that Great Eastern would be privatised eventually. This was on the account that the shareholders of Great Eastern were already clamouring for the board to take action to enhance shareholder value.
“When OCBC finally made the general offer for Great Eastern, the upside directly benefits Sg Bagan shareholders,” says the shareholder.
2 weeks ago
The most valuable of Kuchai’s assets is a block of 3.032 million shares in Singapore-listed Great Eastern Holdings Ltd, the largest insurer in the region
2 weeks ago
When Kuchai’s shareholders gave the nod for the deal on Tuesday, the block of Great Eastern shares was valued at RM184.8 million
2 weeks ago
Assuming Kuchai had held on to the block, the 3.032 million shares alone would be worth an estimated RM271.7 million (S$77.6 million).
Which means Sg Bagan had got the land and other assets from Kuchai for almost nothing
2 weeks ago
Sg Bagan now owning 4.763 million shares in Great Eastern, which have a market value of S$121.93 million or RM426.88 million based on OCBC’s offer price
2 weeks ago
The cash proceeds would amount to RM4.556 per Sg Bagan share, based on its outstanding share base of 93.7 million shares.
2 weeks ago
SBagan has been super undervalue!
Sales of Great Eastern shares will unlock the value of SBagan!
SBagan will get a big harvest of special dividend!
2 weeks ago
Dun worry
Kuchai, Kluang and SBagan all benefits together from the sale of Great Eastern shares!
Bumper harvest!
2 weeks ago
for SIME must watch
https://www.youtube.com/watch?v=XlZ5LIC0BWo&t=10s
2 weeks ago
Kuchai oso will up...
Together with SBagan n Kluang
All up up together
Lucky
Kuchai get 222 SBagan
2 weeks ago
@AhPek
I agree with you
Biggest winner is SBagan
But all the three musketeers will up together with Great Eastern deal
Directly or indirectly all the three musketeers gain big harvest from this deal.
2 weeks ago
Will you all still hold after this huge spike due to it still being undervalued?
2 weeks ago
Great Eastern trading @ S$26.15, 55c or 2% ABOVE offer price. Great thing I'm holding all 3 beneficiaries of OCBC's attempt to sapu insurer cheaply!😊
2 weeks ago
Great Eastern share holders are given till 31/5 to sign n sell their shares to OCBC
Some minority share holders of OCBC are unhappy....saying that the offer to buy great Eastern is too expensive!
Let's hope that the deal will go through!
2 weeks ago
On the contrary, geh shareholder are very angry as embedded value is 36.59 but ocbc is offering only 25.60
2 weeks ago
OCBC...so loaded but cheapskate...that's why failed in 2004 & 2006...& will likely fail in 2024 if bid not raised to closer to S$30! Hopefully, both sister cos. will not be swayed by their Lee Rubber affiliations & hold out for a better offer instead of caving in to the $25.60 offer. After all they have held on for the past 50+ years!
2 weeks ago
If accept, the first friday when ocbc table offer, think will have immediately delisted.
2 weeks ago
If they don't accept OCBC's offer, the three sisters will go back to sleep for another 50 years. Think everybody is old and tired already. Just accept and move on.
2 weeks ago
Mr Wong Hong Sun, whose grandfather was chairman of Great Eastern for close to 20 years, holds more than three million shares. “Even if I am not sentimental, I won’t sell,” he said. “Half price is no way.”
Can the deal go through?
🤞🤞
I pray pray the shareholders will accept the offer n the deal goes through!
2 weeks ago
We have till end of June for geh shareholders to decide..at least 28 days from now
2 weeks ago
Like what I said, if Ocbc can strike a deal with lee Thor seng.. they can compulsory acquire geh shares at that price.. lee Thor is one one the key with 7.733 million geh shares under his control
2 weeks ago
Singaporeans very legalistic!
EY the financial adviser will advice !
Chances are...
The deal will go through!
2 weeks ago
A piece of UNBELIEVABLE LUCK 2day!!! I managed to fortuitously grab 84 units of Sungei Bagan odd lots shortly after I logged in @ 4:10 pm offered for sale @ $4.77, thus saving $136 compared to the lowest price on the board lot mkt!!! SOLD 300 more units of sister Kuchai that roughly represents the no. of SBagan shares that I so fortunately bought @ a huge discount!!!
2 weeks ago
@Dompeilee
Congrats!
Happiness!
Good Luck!
Pray pray deal will go through n OCBC will offer a higher price to take over!
2 weeks ago
Definetly not at 25.60. Sg bagan shareholder may benefit from a revised offer of their share instead
1 week ago
OCBC intends to delist GE if the free float requirement of 10 per cent is not met, noted EY in a letter to independent directors that advised them on making recommendations to GE shareholders.
1 day ago
Toggle navigation
OCBC’s offer to Great Eastern shareholders ‘not fair but reasonable’, shareholders should accept it: EY
Prisca Ang
Business Correspondent
UPDATED JUN 14, 2024, 09:52 PM
FacebookTelegram
SINGAPORE – OCBC’s offer to buy the remaining shares of Great Eastern from minority investors is “not fair but reasonable”, said independent financial adviser Ernst & Young Corporate Finance on June 14.
In a separate statement after EY’s filing to the Singapore Exchange, OCBC said its $25.60 a share offer price is final and will not be increased. The bank also extended the offer’s closing date from June 28 to July 12.
OCBC made a $1.4 billion bid on May 10 to take its insurance arm GE private following recent shareholder unhappiness over falling returns. Its voluntary, unconditional general offer was for the 11.56 per cent stake in GE that it does not own.
1 day ago
The offer price represented a 36.9 per cent premium over GE’s closing price of $18.70 on May 9. However, it was also 30 per cent lower than the insurer’s $36.59 per share embedded value as at the end of the insurer’s last financial year.
OCBC had received acceptances for 1.74 million GE shares, or 0.37 per cent of the total, as at the end of June 13.
This raises the bank’s stake in GE to 88.8 per cent, and to 89.01 per cent if the number of shares held by OCBC’s concert parties is included. Concert parties refers to a group of investors who buy shares in the same company.
1 day ago
Ocbc has to offer a higher price if not cannot delist as offer is unfair but reasonable
1 day ago
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Diamond7
Moving up non stop....
Chances are..
Deal will go through!
1 month ago