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6,382 comment(s). Last comment by Lai Sin at Jan 8, 2020 10:28 AM
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multi530
329 posts

Posted by multi530 > Nov 1, 2018 11:17 AM | Report Abuse

i'm not able to get leave to attend the EGM.


nigel foo
27 posts

Posted by nigel foo > Nov 3, 2018 10:13 AM | Report Abuse

Hovid Berhad
Voluntary recall of Mixture Potassium Citrate batch number BH09184

Kuala Lumpur, October 26, 2018: We received a complaint about our product Mixture Potassium Citrate from one of our customers, we are currently investigating the matter and as a precautionary measure we are voluntarily recalling batch number BH09184 of Mixture Potassium Citrate. Hovid is undertaking this voluntary recall in consultation with National Pharmaceutical Regulatory Agency (NPRA) of Ministry of Health.

Consumers are to return product with batch number BH09184 at their point of purchase for a refund. The voluntary recall is only limited to this batch, all other batches and products are not affected.

For further information, contact us at +6 014-2467738 (Monday – Sunday, 8:00am – 6:00pm) or email us at customercare@hovid.com should you have further queries.

Customer safety is paramount to us and we will always ensure that right measures are taken to preserve their wellbeing.

Product Name: Mixture Potassium Citrate
Product registration number: MAL19911144X


somchik
1215 posts

Posted by somchik > Nov 3, 2018 9:40 PM | Report Abuse

What about those that have hovid shares pledged to that bank .. how to hold?


somchik
1215 posts

Posted by somchik > Nov 3, 2018 9:54 PM | Report Abuse

What happen if we won the vote against delisting?


kevin5059
933 posts

Posted by kevin5059 > Nov 6, 2018 11:37 PM | Report Abuse

Can somebody give some insight, to trigger the compulsory acquisition (<90%), the offerer will need to:

1) Own more than 90% of the total HOVID market share (including shares that already owned by the offerer)?
2) Own more than 90% of the HOVID shared that still in public hand (not including shares that already owned by the offerer)?

so it is 1) or 2)? If 1) i think it is not so difficult to achieve, but if 2), I don think they going to get it with 38sen.

Thank you.


taitaumau
225 posts

Posted by taitaumau > Nov 9, 2018 11:42 AM | Report Abuse

@kevin5059, scenario (2) will trigger compulsory acquisition under Sec 222 of CMSA

Do refer to the flow chart contained in the Circular to shareholders (29/10/2018)
- under Part B, Independent advice letter - Page 36

&& The said flow chart will render u a clear understanding of various possible outcomes pursuant to the proposed delisting exercise by HOVID.


taitaumau
225 posts

Posted by taitaumau > Nov 10, 2018 1:35 PM | Report Abuse

@hoplanner, Once bursa and EGM approvals are obtained, HOVID will be delisted irrespective of any acceptance level of the offer.

By virtue of Listing Requirements Chapter 16.06 - Request for withdrawal of listing status,

- shareholders are to be offered a reasonable cash alternative (presumably RM 0.38 in this case) which is so called the “exit offer”

- dissenting shareholders will end up holding the unlisted HOVID shares, unless the compulsory acquisition under Sec 223 is invoked.


Bell Cranel
1 post

Posted by Bell Cranel > Nov 23, 2018 11:03 AM | Report Abuse

bullish incoming.


k3nthiew
398 posts

Posted by k3nthiew > Nov 26, 2018 10:12 AM | Report Abuse

anyone attend the egm?


k3nthiew
398 posts

Posted by k3nthiew > Nov 26, 2018 2:44 PM | Report Abuse

EGM gone tru??


multi530
329 posts

Posted by multi530 > Nov 26, 2018 4:41 PM | Report Abuse

wait for annoucement after 5pm


multi530
329 posts

Posted by multi530 > Nov 26, 2018 4:41 PM | Report Abuse

20 more min to go.


k3nthiew
398 posts

Posted by k3nthiew > Nov 26, 2018 5:27 PM | Report Abuse

still nothing...


multi530
329 posts

Posted by multi530 > Nov 26, 2018 5:39 PM | Report Abuse

why take so long to announce EGM outcome


multi530
329 posts

Posted by multi530 > Nov 26, 2018 8:35 PM | Report Abuse

well, no big gun to object the withdrawal...


multi530
329 posts

Posted by multi530 > Nov 27, 2018 10:26 AM | Report Abuse

why analyse hovid Qtr results t? later or soon it will delisted from Bursa.


actura
93 posts

Posted by actura > Dec 4, 2018 10:32 AM | Report Abuse

collection extend till next year Jan 2019


taitaumau
225 posts

Posted by taitaumau > Dec 4, 2018 12:30 PM | Report Abuse

hoplanner, my understanding is as below:

The voluntarily take-over becomes unconditional on 03-12-18, after receiving the Bursa approval. The current level of acceptance is 88.62%.


1. && If the level of acceptance reaches the 90% threshold, HOVID will be SUSPENDED [Para9.19(48)] after 5 market days and will eventually be delisted.. ..
&& If the acceptance falls below the 90% on 08-01-19, listing status of HOVID shall be withdrawn in accordance with the Bursa approval (dated 03-12-18) received by CIMB IB.
Sorry, i have no knowledge of the suspension/delisting details stipulated in the approval letter.


2. Payment to accepting shareholders shall be made within 10 days from the unconditional date, 03-12-18.

. && If your acceptance has been received by the Offerors prior to or on 03-12-18
Payment shall be made to you the latest on 13-12-18

&& If your acceptance, say, is received by the offerors on 05-12-18
Payment shall be made to you the latest on 15-12-18

&& the sooner u send in your acceptance, the faster u will receive your payment

3. The offer has become unconditional. The question on aborted offer is not one of the outcomes The main concern here is the % of shareholding finally held by the offerors. The end outcome is either u hold unlisted shares or your share will be compulsorily acquired by the Offer.


multi530
329 posts

Posted by multi530 > Dec 4, 2018 7:31 PM | Report Abuse

then just wait, do nothing


Daily8
3858 posts

Posted by Daily8 > Dec 4, 2018 8:47 PM | Report Abuse

Many still stubborn not selling the shares...


Angel of KLSE 大马股仙
380 posts

Posted by Angel of KLSE 大马股仙 > Dec 4, 2018 9:29 PM | Report Abuse

If i keep holding the shares, then what?


fragile84
87 posts

Posted by fragile84 > Dec 5, 2018 7:33 AM | Report Abuse

what players are u to decide want to hold.. sell it la aiyooo~ u not director ceo or anything just ikan bilis still want hold ar? Lolz joker la to that still holding ..


Angel of KLSE 大马股仙
380 posts

Posted by Angel of KLSE 大马股仙 > Dec 5, 2018 8:47 AM | Report Abuse

I queue sell at 0.38, but cannot sell


actura
93 posts

Posted by actura > Dec 5, 2018 9:54 AM | Report Abuse

Hovid get approval from Bursa for delisting..


Syndicates
720 posts

Posted by Syndicates > Dec 5, 2018 12:43 PM | Report Abuse

38 sen is firm. there will be compulsory acquisition as well, no matter if u refuse the offer or not.


stockraider
27274 posts

Posted by stockraider > Dec 5, 2018 12:59 PM | Report Abuse

We are reaching the final lap....hovid will be delisted....but they have not reached the stage of compulsory acquisition the rest loh...!!

In order to reach stage of compulsory acquire all the rest they need to hit 98% n not 90% shareholding loh...!!

BBelow explaination is comprehensive loh...!!

Posted by taitaumau > Dec 4, 2018 12:30 PM | Report Abuse

hoplanner, my understanding is as below:

The voluntarily take-over becomes unconditional on 03-12-18, after receiving the Bursa approval. The current level of acceptance is 88.62%.

1. && If the level of acceptance reaches the 90% threshold, HOVID will be SUSPENDED [Para9.19(48)] after 5 market days and will eventually be delisted.. ..
&& If the acceptance falls below the 90% on 08-01-19, listing status of HOVID shall be withdrawn in accordance with the Bursa approval (dated 03-12-18) received by CIMB IB.
Sorry, i have no knowledge of the suspension/delisting details stipulated in the approval letter.

2. Payment to accepting shareholders shall be made within 10 days from the unconditional date, 03-12-18.

. && If your acceptance has been received by the Offerors prior to or on 03-12-18
Payment shall be made to you the latest on 13-12-18

&& If your acceptance, say, is received by the offerors on 05-12-18
Payment shall be made to you the latest on 15-12-18

&& the sooner u send in your acceptance, the faster u will receive your payment

3. The offer has become unconditional. The question on aborted offer is not one of the outcomes The main concern here is the % of shareholding finally held by the offerors. The end outcome is either u hold unlisted shares or your share will be compulsorily acquired by the Offer.

THUS U NEED TO DECIDE WHETHER U STILL WANT TO BE A SHAREHOLDER OR PARTNER WITH THE MAJOR SHAREHOLDER AS A PRIVATE ENTITY ??

RAIDER ADVICE IF U CAN AFFORD IT WHY NOT ??

HOVID WILL BE RELISTED SOMEWHERE ELSE WITH A MUCH BIGGER PREMIUM LOH...!!

THE QUESTION IS CAN U AFFORD TO WAIT ANOTHER 3 YRS LOH ??


Daily8
3858 posts

Posted by Daily8 > Dec 5, 2018 10:50 PM | Report Abuse

stockraider, how come u always like this? Are u hoping for higher offer? Ever in history, the copmapny will pay u more than 38 cents? Ponder lah


actura
93 posts

Posted by actura > Dec 6, 2018 10:25 AM | Report Abuse

Hovid, no show. die die have to accept. if not wait for no date to list again....


stockraider
27274 posts

Posted by stockraider > Jan 8, 2019 7:08 PM | Report Abuse

Congratulation to the remaining 5% minority shareholders; the takeover of hovid had not reach compulsory acquisition stage.
Thus it is unsuccessful to acquire 100% loh...!!

Thus u will be 1 of the very priviledge shareholder to participate in NEW Hovid...in a new era in other market loh...!!

DO NOT WORRY IF HOVID IS DELISTED FROM BURSA LOH...!!

AS THE MAJORITY HAD SPEND MORE THAN RM 300 MILLION to buyout 95% of hovid shares...RAIDER IS CONFIDENT THEIR PROJECT WILL BE SUCCESSFUL GOING FWD LOH...!!

PLS READ BELOW ANNOUNCEMENT LOH...!!


TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

HOVID BERHAD

Type Announcement
Subject TAKE-OVERS & MERGERS (PARAGRAPH/RULE 9.19 (47A))

Description HOVID BERHAD ("HOVID")

VOLUNTARY TAKE-OVER OFFER BY FAJAR ASTORIA SDN BHD AND HO SUE SAN @ DAVID HO SUE SAN (COLLECTIVELY, THE "JOINT OFFERORS") THROUGH CIMB INVESTMENT BANK BERHAD TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN HOVID EXCLUDING TREASURY SHARES) (OFFER SHARES) NOT ALREADY HELD BY THE JOINT OFFERORS FOR A CASH OFFER PRICE OF RM0.38 PER OFFER SHARE (OFFER)

- CLOSING OF OFFER

Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as defined in the press notice dated 8 January 2019 (“Press Notice”), as attached herein.

We refer to the announcements dated 14 September 2018, 5 October 2018, 15 October 2018, 27 November 2018, 3 December 2018 and 17 December 2018 in relation to the Offer.

We wish to announce that Hovid has received the Press Notice from CIMB Investment Bank Berhad, on behalf of the Joint Offerors, informing that the Offer has closed at 5.00 p.m. (Malaysian time) on 8 January 2019 (“Final Closing Date”).

In accordance with Paragraph 13.01 of the Rules, the detailed disclosure on the level of acceptances of the Offer on the Final Closing Date is set out in the attached Press Notice.

This announcement is dated 8 January 2019.


Oreo Oreo
319 posts

Posted by Oreo Oreo > Jan 28, 2019 10:05 AM | Report Abuse

so... what happened with hovid


TianTianHuat
609 posts

Posted by TianTianHuat > Sep 30, 2019 12:04 PM | Report Abuse

hovid is going into PN17 soon


Lai Sin
1 post

Posted by Lai Sin > Jan 8, 2020 10:28 AM | Report Abuse

I am still waiting for Hovid to return my investment fund because having problem to return the fund even a small amount of shares. Any of you same case with me?

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